2023-08-25 09:37:00 Qatar Energy has awarded Tecnicas Reunidas an additional engineering, procurement and construction contract for the North South Gas Field Expansion Project, worth $560 million, equivalent to about two billion Qatari riyals. The Spanish company’s scope of work includes the construction of pipelines for LNG facilities, with commissioning of LNG storage tanks, an LNG … Read more
2023-08-16 08:23:27 AFP The Japanese Nikkei index closed trading lower and reached its lowest level in more than two months, Wednesday, August 16, as expectations for the Chinese economy pressured risk appetite, including bank stocks, after a report on a possible downgrade of the rating of major US banks. The Nikkei index fell 1.46% to … Read more
2023-08-09 09:15:00 AFP The dollar fell in Asian trading on Wednesday, August 9, as gains in European stock futures indicated an improvement in risk appetite, despite the emergence of new signs of the suffering of the Chinese economy. Traders said Chinese state-owned banks sold dollars, helping the yuan rebound from its lowest level in a … Read more
2023-08-04 08:52:51 The financial statements of the Emirates Corporation for Central Cooling Systems “Empower” showed a decline in the profit attributable to the company’s shareholders by 6.6% to 402 million dirhams, at the end of the first half, compared to profits amounting to 431 million dirhams achieved during the same period last year, while the … Read more
2023-05-25 23:33:49 AFP Gold futures fell at the close of trading Thursday, May 25, as optimism about US debt ceiling talks reduced safe-haven demand, and strong economic data fueled Federal Reserve bets to raise interest rates again. Upon settlement, gold futures fell by 1.1%, or $20.90, to $1,943.70 an ounce. Republican House Speaker Kevin McCarthy … Read more
2023-05-10 23:06:19 Disney revealed Wednesday, May 10, that streaming losses have shrunk, as price increases helped offset the loss of 4 million Disney+ subscribers. While the company recorded revenues and profits in line with Wall Street expectations during the first quarter of 2023, this is CEO Bob Iger’s second earnings report since his return to … Read more
Qatar Energy said that it had signed an agreement with Shell to acquire a 40% stake in the C10 offshore exploration block located off the coast of Mauritania on the Atlantic Ocean. The Qatari company stated that Shell, the “operator”, would retain a 50% stake, and the Mauritanian Oil Company 10%. The area of the … Read more
The International Football Association (FIFA) announced that the date of the opening ceremony and the first matches of the FIFA World Cup Qatar 2022 will be moved to Sunday, November 20, instead of November 21. The announcement came after the FIFA Council unanimously decided to hold the opening match of the tournament between Qatar and … Read more