NEW YORK: The 2019 parade of big new Wall Street entrants continues this week with the debut of Slack Technologies, underscoring investor hunger for new companies in spite of some high-profile stumbles.Nearly halfway through the year, US markets are on track for one of the biggest IPO seasons ever in terms of money raised following…
‘Fuel of the future’ comes of age as Aramco opens first hydrogen filling station DUBAI: Fatih Birol, executive director of the International Energy Agency, cracked a joke in the Financial Times a couple of weeks ago.“Hydrogen is the fuel of the future, and it always will be,” he wrote about the fuel that many experts…
‘Fuel of the future’ comes of age as Aramco opens first hydrogen filling station DUBAI: Fatih Birol, executive director of the International Energy Agency, cracked a joke in the Financial Times a couple of weeks ago.“Hydrogen is the fuel of the future, and it always will be,” he wrote about the fuel that many experts…
‘Fuel of the future’ comes of age as Aramco opens first hydrogen filling station DUBAI: Fatih Birol, executive director of the International Energy Agency, cracked a joke in the Financial Times a couple of weeks ago.“Hydrogen is the fuel of the future, and it always will be,” he wrote about the fuel that many experts…
PARIS: From the Zen capital of LA to the Champs Elysees comes the calming voice of a British Buddhist monk-turned entrepreneur, introducing American-style online mindfulness to the stressed-out French. “Relax your muscles, breathe,” Andy Puddicombe, the bronzed co-founder of the app Headspace, intones by videoconference to a roomful of participants gathered on Paris’s chic shopping…
The United States has allowed Iraq to import Iranian gas for its power grid for another three months by extending a waiver to sanctions — but insists that Baghdad seek alternative sources.Iraq has had several extensions to the waiver first granted last year after Washington reimposed sanctions on Tehran’s oil sector forbidding countries from purchasing…
Royal Bank of Scotland (RBS) said on Sunday the completion of a merger between Alawwal bank and Saudi British Bank would lead to RBS shedding $5.9 billion of risk weighted assets and boost its core capital.RBS, through Dutch subsidiary NatWest Markets N.V., was part of a consortium including NLFI and Banco Santander S.A. that held…
SEOUL: The blasts detonated far from the bustling megacities of Asia, but the attack this week on two tankers in the strategic Strait of Hormuz hits at the heart of the region’s oil import-dependent economies. While the violence only directly jolted two countries in the region — one of the targeted ships was operated by a…
SEOUL: The blasts detonated far from the bustling megacities of Asia, but the attack this week on two tankers in the strategic Strait of Hormuz hits at the heart of the region’s oil import-dependent economies. While the violence only directly jolted two countries in the region — one of the targeted ships was operated by a…
DUBAI: In the great debate over crypto finance, there is little middle ground. Either you are deeply suspicious of the brave new world of bitcoin and blockchain — like the eminent economist Nouriel Roubini, whose attacks on the fintech phenomena have sparked a Twitter storm of argument — or, like a growing number of crypto…
BEIRUT: Russian and European firms are considering investments in Lebanon’s nascent oil and gas sector as it prepares to launch offshore drilling by the end of 2019, Energy Minister Nada Boustani said.“Several big companies have visited Lebanon,” she told AFP in an interview.“We are talking about Gazprom (Russia), Lukoil (Russia), and soon, the BP firm…
BEIRUT: Russian and European firms are considering investments in Lebanon’s nascent oil and gas sector as it prepares to launch offshore drilling by the end of 2019, Energy Minister Nada Boustani said.“Several big companies have visited Lebanon,” she told AFP in an interview.“We are talking about Gazprom (Russia), Lukoil (Russia), and soon, the BP firm…
BEIRUT: Russian and European firms are considering investments in Lebanon’s nascent oil and gas sector as it prepares to launch offshore drilling by the end of 2019, Energy Minister Nada Boustani said.“Several big companies have visited Lebanon,” she told AFP in an interview.“We are talking about Gazprom (Russia), Lukoil (Russia), and soon, the BP firm…
LONDON: At least two oil-tanker owners have suspended bookings to the Gulf following Thursday’s attacks in regional waterways, with one shipping analyst saying tension in the area “is now as high as it gets” short of an outright war. Within hours of the attacks on two oil tankers in the Gulf of Oman, tanker firms…
LONDON: At least two oil-tanker owners have suspended bookings to the Gulf following Thursday’s attacks in regional waterways, with one shipping analyst saying tension in the area “is now as high as it gets” short of an outright war. Within hours of the attacks on two oil tankers in the Gulf of Oman, tanker firms…
LONDON: Twin attacks on tankers in the Gulf of Oman, close to the world’s biggest energy chokepoint, sent oil prices surging by as much as 4.5 percent on Thursday. The attacks took place to the east of the Strait of Hormuz, a major strategic waterway for world oil supplies, raising fears of disruption to the global…
BENGALURU: Saudi Arabia’s stock market rose for a fifth straight session on Wednesday as nearly all its banks gained, while other major Middle Eastern markets were mixed.The Tadawul index closed 1.1 percent higher with National Commercial Bank, the Kingdom’s largest lender, gaining 2.7 percent and Al Rajhi Bank adding 1 percent.The index has gained nearly…
BENGALURU: Saudi Arabia’s stock market rose for a fifth straight session on Wednesday as nearly all its banks gained, while other major Middle Eastern markets were mixed.The Tadawul index closed 1.1 percent higher with National Commercial Bank, the Kingdom’s largest lender, gaining 2.7 percent and Al Rajhi Bank adding 1 percent.The index has gained nearly…
DUBAI: The First Group, a Dubai-based developer and real estate investor, plans to issue $135 million in sukuk, or Islamic bonds, a company spokeswoman said.The developer has appointed investment bank Shuaa Capital to arrange the planned transaction, she added, without disclosing details on the planned use of proceeds.It is one of few debt issues in…
SEOUL: Oil prices fell more than 1 percent on Wednesday, weighed down by a weaker oil demand outlook and a rise in US crude inventories despite growing expectations of ongoing OPEC-led supply cuts.Brent crude futures, the international benchmark for oil prices, were down 87 cents, or 1.4 percent, at $61.42 a barrel by 0231 GMT.US…
