Middle Easte Economics news

 

  1. Acwa inks deal for Jordan solar power plant

    English.mubasher.info - TDWL 03.29 / 05:07 english.mubasher.info
      Riyadh – Mubasher: Acwa Power has inked a power purchase agreement with National Electric Power Company (Nepco) for a new 61.3 Mega Watt peak (MWp) photovoltaic plant, according to a statement. Under the deal, Acwa Power will carry out the ……
  2. ASICS Looks for Sales Boost in Middle East with Subsidiary

    Mideasttime.com - 03.29 / 02:06 mideasttime.com
    Japan-based ASICS is looking to repeat success it has enjoyed elsewhere. The footwear and sports apparel industry is highly competitive worldwide, with huge players such as Nike and Adidas. ASICS, the Japanese footwear and sports apparel maker is looking to take a big share of the sports equipment market in the Middle East that is…
  3. Saudi Arabia Might Raise Prices of Domestic Fuel 30%

    Mideasttime.com - 03.28 / 21:10 mideasttime.com
    The government of Saudi Arabia could increase its prices for domestic gasoline by as much as 30% starting in July, said industry sources. This is part of a reform plan by the top exporter of oil in the world to align the prices of fuel in the country, with benchmark global levels. During December of…
  4. Boston Consulting forecasts higher revenues for UAE banks in 2017 - Interview

    English.mubasher.info - DFM 03.28 / 18:26 english.mubasher.info
    By: Amr Adel Dubai - Mubasher: Senior Partner and Managing Director of the Boston Consulting Group in the Middle East, Reinhold Leichtfuss, expects UAE banks to achieve a 5%  increase in revenues in 2017, with a similar growth rate in bank credit. …
  5. SAMA assets decline 13% in February

    English.mubasher.info - TDWL 03.28 / 16:42 english.mubasher.info
    Riyadh – Mubasher: The assets of the Saudi Arabian Monetary Agency (SAMA) fell 12.6% year-on-year in February 2017. SAMA’s assets reached SAR 2 trillion ($533.38 billion) compared to SAR 2.29 trillion ($611 billion) in February 2016. The assets ……
  6. Bank AlJazira to discuss 2016 dividends 10 April

    English.mubasher.info - TDWL 03.28 / 15:59 english.mubasher.info
    Riyadh – Mubasher: Bank AlJazira will hold its extraordinary general meeting (EGM) on 10 April to discuss dividend distribution for 2016. The company would distribute dividends representing 5% of its capital at SAR 0.50 per share, according to a ……
  7. Lebanon: Budget draft gets cabinet support, heads to parliament

    Me-confidential.com - Finance 03.28 / 15:48 me-confidential.com
    The Lebanese cabinet approved a budget plan for 2017 and the draft will be forwarded to the parliament for ratification. Details of the draft budget will be revealed by the Finance Minister on Thursday but Foreign Minister Jebran Bassil hinted that “new elements to promote tax justice and abolish protected monopolies were introduced.” Tax reforms [&#…
  8. UAE Energy Minister: Global oil stockpiles to fall in H2-17

    English.mubasher.info - DFM 03.28 / 15:01 english.mubasher.info
    Abu Dhabi – Decypha: Global oil stockpiles are expected to fall in the second half of 2017 (H2-17) due to oversupply, the UAE Energy Minister Suhail Al Mazrouei told Decypha. The decline of inventories is expected to affect oil prices, Al ……
  1. JCB bags major generator rental deal

    Utilities-me.com - Business 03.29 / 04:59 utilities-me.com
    Generator manufacturer JCB Power Products has won its biggest export order of the year with a multi-million pound deal in the Middle…
  2. Masdar project on membrane desal gets UK funding

    Utilities-me.com - Business 03.29 / 04:59 utilities-me.com
    The funding is part of a project led by the UK Department for Business, Energy and Industrial Strategy in partnership with the British Council, which aims to strengthen partnerships with research bodies and higher education institutions in the…
  3. Sources: Westinghouse to File for Bankruptcy Tuesday

    Hamodia.com - Business 03.28 / 22:11 hamodia.com
    U.S. nuclear developer Westinghouse Electric Co plans to seek bankruptcy protection from creditors on Tuesday as it struggles to limit losses that have thrown its Japanese parent Toshiba Corp into… Read more » The post Sources: Westinghouse to File for Bankruptcy Tuesday appeared first on Hamodia. In related news: Creditors File Objections to Detroit Bankruptcy RadioShack, Running Out of Options, Says It May File for Bankruptcy Grocery-Store Operator A&P Files for Chapter 11…
  4. GM Rebuffs Two-Class Share Plan From Einhorn’s Greenlight Capital

    Hamodia.com - Business 03.28 / 22:11 hamodia.com
    General Motors Co. on Tuesday rejected a proposal by billionaire investor David Einhorn to split its common stock into two classes to help boost its share price. In a regulatory… Read more » The post GM Rebuffs Two-Class Share Plan From Einhorn’s Greenlight Capital appeared first on Hamodia. In related news: Rebel Apple Investor Tries to Rally Street Investor Sues Apple, Wants More Cash Boeing Boosts Stock-Buyback Plan By $10 Billion McDonald’s Raises Dividend by 5 P…
  5. Ford Investing $1.2B in 3 Michigan Plants, Adding 130 Jobs

    Hamodia.com - Business 03.28 / 22:11 hamodia.com
    Ford Motor Co. is investing $1.2 billion in three Michigan facilities, including an engine plant where it plans to add 130 jobs. President Donald Trump, who has pressured automakers to… Read more » The post Ford Investing $1.2B in 3 Michigan Plants, Adding 130 Jobs appeared first on Hamodia. In related news: Ford to Build Small-Car Factory in Mexico, Adding 2,800 Jobs Ford Cancels Plan to Build New Mexican Plant, Adds U.S. Jobs Trump Brags of Making Ford Return Jobs to Ohio;…
  6. U.S. Stock Indexes Move Higher as Consumer Confidence Gains

    Hamodia.com - Business 03.28 / 22:11 hamodia.com
    Financials companies led U.S. stock indexes broadly higher in afternoon trading Tuesday as investors drew encouragement from new data showing strong gains in consumer confidence and U.S. home prices. Energy… Read more » The post U.S. Stock Indexes Move Higher as Consumer Confidence Gains appeared first on Hamodia. In related news: U.S. Stock Indexes Move Higher, Renewing Record Highs U.S. Stock Indexes Move Higher in Afternoon Trading; Oil Up U.S. Stock Indexes Move Higher…
  7. New Jersey’s Credit Downgraded, for 11th Time Under Christie

    Hamodia.com - Business 03.28 / 22:11 hamodia.com
    New Jersey’s credit rating has been downgraded for an 11th time under Republican Gov. Chris Christie. Moody’s Investor Service on Monday dropped the state’s credit rating on general obligation bonds… Read more » The post New Jersey’s Credit Downgraded, for 11th Time Under Christie appeared first on Hamodia. In related news: Christie Announces Plan to Fill $2.75B Budget Hole Gov. Christie Set to Unveil Spending Plan for Coming Year Christie Signs 2016…
  8. Thames Water’s Innovative ALIM Approach Will Reduce TOTEX by 20% and Meet BIM Level 2 Compliance

    Al-press.com - Business 03.28 / 22:01 al-press.com
    Thames Water is the largest water and wastewater service provider in the UK with in excess of 15 million customers. In partnership with the eight2o alliance, Thames Water initiated a project to manage all of its asset information created in the current AMP6 cycle, the UK government’s process of tendering asset management contracts to private firms to maintain the country’s water infrastructure. The primary goal of the project is to enhance Thames Water’s processes involving its asset data, …
  1. MENA & International Markets Performance March 28

    Menafn.com - Markets 03.28 / 14:06 menafn.com
    MENA & International Markets Performance March…
  2. U Capital GCC Technical Analysis March 28

    Menafn.com - Markets 03.28 / 12:09 menafn.com
    U Capital GCC Technical Analysis March…
  3. Palestine Securities Exchange Daily Report -March.26

    Menafn.com - Markets 03.28 / 12:09 menafn.com
    Palestine Securities Exchange Daily Report…
  4. MENA & International Markets Performance March 26

    Menafn.com - Markets 03.28 / 12:09 menafn.com
    MENA & International Markets Performance March…
  1. Turquoise Hill Resources Ltd (TRQ) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

    Mideasttime.com - Finance 03.29 / 05:08 mideasttime.com
    Turquoise Hill Resources Ltd (NYSE:TRQ) (TSE:TRQ) issued its quarterly earnings data on Monday. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. Turquoise Hill Resources had a return on equity of 3.78% and a net margin of 21.61%. The firm earned $224.60 million during the quarter,…
  2. At Home Group Inc (HOME) Releases FY18 Earnings Guidance

    Mideasttime.com - Finance 03.29 / 05:08 mideasttime.com
    At Home Group Inc (NASDAQ:HOME) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.72-0.75 for the period, compared to the Thomson Reuters consensus estimate of $0.79. The company issued revenue guidance of +18-19% to ~$903-910 million, compared to the consensus revenue estimate of $904.86 million. Several research…
  3. Neogen Co. (NEOG) Upgraded by Zacks Investment Research to Buy

    Mideasttime.com - Finance 03.29 / 05:08 mideasttime.com
    Zacks Investment Research upgraded shares of Neogen Co. (NASDAQ:NEOG) from a hold rating to a buy rating in a research report released on Thursday morning. They currently have $73.00 target price on the stock. According to Zacks, “Neogen Corporation develops, manufactures, and markets a diverse line of products dedicated to food and animal safety. The…
  4. DHX Media’s (DHX) Buy Rating Reaffirmed at B. Riley

    Mideasttime.com - Finance 03.29 / 05:08 mideasttime.com
    B. Riley reaffirmed their buy rating on shares of DHX Media Ltd. (TSE:DHX) in a research note released on Thursday morning. TRADEMARK VIOLATION NOTICE: “[[title]]” was originally published by [[site]] and is the property of of [[site]]. If you are viewing this story on another publication, it was copied illegally and republished in violation of…
  5. Zacks Investment Research Lowers LSI Industries, Inc. (LYTS) to Hold

    Mideasttime.com - Finance 03.29 / 04:54 mideasttime.com
    LSI Industries, Inc. (NASDAQ:LYTS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday. According to Zacks, “LSI Industries is an Image Solutions company, combining integrated design, manufacturing, & technology to supply its own high quality lighting fixtures and graphics elements for applications in…
  6. Zacks Investment Research Downgrades Lakeland Bancorp, Inc. (LBAI) to Hold

    Mideasttime.com - Finance 03.29 / 04:54 mideasttime.com
    Lakeland Bancorp, Inc. (NASDAQ:LBAI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday. According to Zacks, “LAKELAND BANCORP INC. is a bank holding company engaged in general banking business. “ Separately, FIG Partners initiated coverage on Lakeland Bancorp in a research report on…
  7. Shopify Inc (US) (SHOP) Cut to Buy at Vetr Inc.

    Mideasttime.com - Finance 03.29 / 04:26 mideasttime.com
    Shopify Inc (US) (NYSE:SHOP) (TSE:SH) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday. They presently have a $79.10 price target on the stock. Vetr‘s price target would suggest a potential upside of 9.30% from the stock’s previous close. SHOP has been the…
  8. Vetr Inc. Upgrades American International Group Inc (AIG) to “Strong-Buy”

    Mideasttime.com - Finance 03.29 / 04:26 mideasttime.com
    American International Group Inc (NYSE:AIG) was upgraded by Vetr from a “buy” rating to a “strong-buy” rating in a report released on Tuesday. The brokerage presently has a $72.50 price target on the insurance provider’s stock. Vetr‘s price objective points to a potential upside of 17.20% from the stock’s current price. Several other research firms…
  1. Bombardier’s First Train for SITEUR Arrives in Guadalajara

    Railwaynews.net - Industries 03.28 / 20:57 railwaynews.net
    Bombardier Transportation announced today the arrival of the first TEG-15 model light rail vehicle (LRV) in the city of Guadalajara,…
  2. Gilt-y pleasure: Italian artisan crafts 24-carat gold shoes

    Menafn.com - Industries 03.28 / 14:06 menafn.com
    Filthy rich and already boast enough glass slippers to win a dozen princes Italian shoemaker Antonio Vietri has the thing for you: 24-carat gold shoes.Vietri, from Turin in…
  3. Bertelsmann bets on digital media, global expansion

    Menafn.com - Industries 03.28 / 14:06 menafn.com
    German media and publishing group Bertelsmann Tuesday presented ambitious objectives for 2020, as its bets on digital and international expansion paid off with a second…
  4. Amazon expands global reach with Souq.com buy

    Menafn.com - Industries 03.28 / 14:06 menafn.com
    Tech giant Amazon expanded its global reach Tuesday with the announcement of a deal to buy Dubai-based Souq.com, the Middle East's largest online retailer.The agreement, the…
  5. One in ten German firms to cut UK investments: survey

    Menafn.com - Industries 03.28 / 14:06 menafn.com
    One in ten German firms present in Britain plans to stop investing in the island nation even before it definitively leaves the European Union, an industry group survey published…
  6. Cambodia bans human breast milk exports to US

    Menafn.com - Industries 03.28 / 14:06 menafn.com
    Cambodia officially banned selling and exporting locally-pumped human breast milk on Tuesday, after reports exposed how women were turning to the controversial trade to boost…
  7. Petrofac awarded $1.3 billion project in Kuwait

    Pipelineme.com - News 03.28 / 12:26 pipelineme.com
    Petrofac was awarded a contract for Kuwait Oil Company’s (KOC) gathering centre project, GC 32, located in the Burgan oil field, south east of Kuwait, the UK-based firm s…
  8. The Big 5 Saudi 2017 opens today in Jeddah

    Thebig5hub.com - Industries 03.28 / 12:18 thebig5hub.com
    Architects, engineers, developers, manufacturers, suppliers and contractors from around the globe are converging at the 7th edition of The Big 5 Saudi 2017 at the Jeddah Centre for Forums and…