Daily Archives: January 27, 2017

Stocks slip on earnings, data; dollar advances

NEW YORK, Rabi’II 29, 1438, Jan 27, 2017, SPA — A key index of global equity markets slipped from near record highs on Friday after underwhelming corporate earnings and U.S. economic growth data gave investors reason to pause following the recent shar…

Serafina’s Grand Opening In Riyadh, Saudi Arabia

RIYADH, Saudi Arabia, Jan. 26, 2017 /PRNewswire/ — Serafina, the Northern Italian eatery and global hot-spot, will be opening its newest branch in Riyadh on January 28, 2017. The restaurant, at two floors, will be the largest of the upscale chain’s 35 locations over the globe and the first in Saudi Arabia. Created by founders Fabio […]

Yemeni Premier Expresses Regret for Putschists' Embezzling of YR 300 billion

Aden, Rabi’II 29, 1438, Jan 27, 2017, SPA — Yemeni Premier Dr. Ahmed Obaid bin Dagher expressed deep regret, because al-Houthi and Saleh militia coup still take over than YR 300 billion, they collect from customs, taxes, excesses and profits of teleco…

Qatar Foreign Merchandise Trade Surplus Was QR 10.7 Billion In December 2016

Doha, The Ministry of Development Planning and Statistics has released preliminary figures of the value of exports of domestic goods, re-exports and imports for December 2016.

In December 2016, the total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR19.3 Billion, showing a decrease of 2.6% compared to December 2015, and increased by 2.6% compared to November 2016.

On other hand, the imports of goods in December 2016 amounted to around QR 8.5 billion, showing decrease of 22.2% over December 2015. However, on a month on month (M-o-M) basis the imports decreased by 6.1%.

In December 2016, the foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR 10.7 Billion almost, i.e. an increase of about QR 1.9 Billion or 21.7% compared to December 2015, And increased by nearly QR 1.0 Billion or 10.7% compared to November 2016.

The year on year (December 2016 to December 2015) decrease in total exports was mainly due to lower exports of Petroleum gases and other gaseous hydrocarbons (LNG, condensates, propane, butane, etc.) reaching 11.9 billion approximately in December 2016, i.e. a decrease of 6.6%, while increase was shown in Petroleum oils & oils from bituminous minerals (crude) reaching QR 3.4 billion nearly, increased by 52.9%, and decreases in the Petroleum oils & oils from bituminous minerals (not crude) reaching QR 0.9 Billion, increased by 4.6%.

In December 2016, Japan was at the top of the countries of destination of Qatar’s exports with close to QR 3.3 Billion, a share of 17.3% of total exports, followed by South Korea with almost QR 3.1 Billion and a share of 16.0%, India with about QR 2.3 Billion, a share of 11.8%.

During December 2016, Motor cars and other passenger vehicles, was at the top of the imported group of commodities, with QR 0.7 Billion, showing a decrease of 38.6% compared to December 2015. In second place was Electrical Apparatus for Line Telephony/Telegraphy, Telephone Sets etc. Parts Thereof. With QR 0.2 Billion, showing a decrease by 11.1%, and in third place was Parts of Balloons Etc., Parts of Aircraft, Spacecraft Etc., with QR 0.2 Billion, decreased of 79.9%.

In December 2016, United State of America was the leading country of origin of Qatar’s imports with about QR 1.2 Billion, a share of 13.5% of the imports, followed by United Arab Emirates with QR 1.0 Billion almost, a share of 11.3% and China with QR 0.8 billion, a share of 9.6%.

Source: Qatar News Agency

Asian Development Bank Signs $109 Mln Fund for Indonesia Geothermal Power Project

Manila, The Asian Development Bank (ADB) has signed a financing package worth $109 million for the Muara Laboh geothermal power generation project in western Indonesia. Approved in December, the move is part of ADB’s efforts to “scale up private sector…

Asian Development Bank Signs $109 Mln Fund for Indonesia Geothermal Power Project

Manila, The Asian Development Bank (ADB) has signed a financing package worth $109 million for the Muara Laboh geothermal power generation project in western Indonesia. Approved in December, the move is part of ADB’s efforts to “scale up private sector…

Kuwaiti Oil Price Rises 63 Cents to $51.46

Kuwait, The price of Kuwaiti oil rose by 63 cents to $51.46 per barrel on Thursday from 50.83 per barrel the day before, Kuwait Petroleum Corporation (KPC) said Friday. Global oil price surged today as well backed by gains in U.S. stocks. The Brent cru…

US Growth Slowed in Fourth Quarter to Annual Pace of 1.9 per cent

Washington, The US economy grew in the October-December quarter at an annual pace of 1.9 per cent, slowing sharply from the third quarter of 2016 due in part to a decline in exports and surging imports, according to the Commerce Department’s initial es…