Category Archives: Top Markets

Al-Rajhi REIT shares to go on sale next week

LONDON: The initial public offering period of Al-Rajhi REIT Fund will run from Jan. 1 to Jan. 14, Al-Rajhi Capital said.The fund will have a size of SR1.62 billion ($ 282 million), the fund manager revealed.Some 42.67 million units will ...

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Tabreed strikes deal with Masdar

LONDON: Tabreed has struck a deal to operate Abu Dhabi-based Masdar’s first district calling plant.Under the three-year contract, Tabreed will manage the district cooling plant on behalf of the Masdar, a clear energy company owned by Mubadala, a strategic investment ...

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KPC AND SHELL SIGN a Long Term LNG SUPPLY DEAL

KPC AND SHELL SIGN a Long Term LNG SUPPLY DEAL

Kuwait – Kuwait Petroleum Corporation (KPC) and Shell International Trading Middle East Limited (Shell) have signed a supply agreement to import liquefied natural gas (LNG) into Kuwait for 15 years from 2020 to help meet the state’s growing energy demand. ...

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India to become fifth largest economy in 2018

Related Articles NEW DELHI: India is set to overtake the United Kingdom and France to become the world’s fifth largest economy next year, a report said Tuesday.Currently ranked seventh, India will move up to fifth place in 2018 and vault ...

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A watershed year for Middle East business

It was a watershed year across the region, with the old economic certainties of business life in the Kingdom and wider Gulf upended and disrupted by new realities. The price of oil was at the fulcrum of that shift as ...

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Scenting a recovery, oil producers ratchet up spending

LONDON: Since the oil price slump, operators have cut investment, deferred projects and implemented tough cost discipline, slashing $ 910 billion from global capital expenditure estimates for 2015-2020. But while many operators believe the cuts will stick, a survey by ...

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