Global Markets brief

22 January 07:06 PM Halliburton swings into profit in Q4
Halliburton turned to profit in the fourth quarter of 2018, while its total revenue declined marginally.
22 January 06:09 PM Gas futures fall 9% on slower global growth fears
Gas future prices dropped by more than 9% on Tuesday, as worries mounted over a global economic slowdown.
22 January 05:34 PM Honeywell considers smart city investments with Egypt, Saudi Arabia
Honeywell Building Solutions is in talks with Egypt and Saudi Arabia over their ongoing smart city development plans, according to a management figure.
22 January 05:29 PM Gulf nations to bolster Pakistani economy with $30bn loans, investments
Prime Minister Imran Khan turned to Arab Gulf nations to shore up the economy.
22 January 05:13 PM Saudi Arabia OKs Red Sea megaproject’s plan
22 January 02:49 PM India’s solid economic growth, regulatory reforms to boost insurance sector
India’s insurance and reinsurance sectors would grow strongly thanks to a robust economy and evolving regulations, Moody’s Investor Service said in a new report.
22 January 02:26 PM Saudi inflation grows 2.5% in 2018 – GASTAT
Saudi Arabia's consumer price index (CPI), which is known as inflation, increased 2.5% to 107.3 points during 2018, compared to 104.7 points
22 January 02:25 PM Saudi Arabia raises SAR 7bn from local sukuk issue
The Saudi Ministry of Finance (MoF) on Tuesday announced closing a sukuk issue numbered (01-2019) after collecting SAR 7.095 billion
22 January 02:23 PM Saudi CMA OKs IPO of AlJazira USD Murabaha Fund
The Saudi Capital Markets Authority (CMA) has approved AlJazira Capital Company's request
22 January 02:21 PM Saudi Arabia to build 2 nuclear reactors on Gulf coast
Saudi Arabia has revealed plans to establish two nuclear reactors on the Gulf coast in the coming period
22 January 02:15 PM NCB reports SAR 10.6bn profit in 2018
National Commercial Bank (NCB) on Tuesday reported a 9% year-on-year growth in profits for the full year of 2018
22 January 02:05 PM Global financial system risks remain modest despite uncertainty – Moody’s
As global financial markets are facing risks amid mounting volatility and market turbulence, the threat level to the overall financial system remains mild.
22 January 01:32 PM German business morale improves in January
German economic confidence saw an improvement in January, survey data showed on Tuesday.
22 January 12:59 PM Updated UK jobless rate ticks lower in 3M
The number of working people increased between the three months ended August 2018 and the three months ended November 2018.
22 January 12:35 PM Gold stabilises early Tuesday as stronger dollar curbs safe-haven appetite
Gold prices steadied earlier on Tuesday, but a strong US dollar kept a lid on gains for the precious metal.
22 January 12:12 PM King Salman sacks head of civil aviation authority
22 January 12:00 PM Oil falls on fears of China economic weakness spread
Oil prices dropped on Tuesday amid signs that an economic slowdown in China would spread, as worries mounted over the future fuel demand.
21 January 06:57 PM IMF downgrades global growth forecast for 2019, 2020
The International Monetary Fund lowered its world economic growth projections for this year and next, due to weakness in Europe and some emerging markets.
21 January 05:28 PM WIMO raises $500,000 in seed funding
WIMO was founded in 2017 by two software engineers Wissam Aboueida and Mohamed Bahaa
21 January 05:25 PM WFES Abu Dhabi sees $10.5bn deals
Masdar and France’s EDF won a tender to establish a $500 million wind farm in northern Saudi Arabia
21 January 05:18 PM No-deal Brexit can be avoided – German economy minister
A scenario in which the UK leaves the European Union without a trade deal could be avoided.
21 January 05:02 PM Copper drops on soft Chinese data
Copper prices on Monday fell as Chinese data confirming market worries that growth in the world’s second largest economy is losing momentum.
21 January 04:31 PM Japan resumes oil imports from Iran
Japanese refiners have loaded Iranian crude onto carriers, resuming imports from Tehran after ceasing purchases due to the US sanctions.
21 January 03:14 PM German producer prices decline to 7M low in December
Germany’s producer prices retreated to a seven-month trough in December 2018, official figures showed on Monday.
21 January 03:10 PM Growing tourist demand to boost Saudi hotel sector – Savills
Saudi Arabia's hotel sector is expected to continue positive performance in the coming period, Savills said in a recent report