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Nakilat posts ’16 net profit of QR955mn

Nakilat posts ’16 net profit of QR955mn

Nakilat, the liquefied natural gas (LNG) transport company providing an essential transportation link in Qatar’s LNG supply chain, has reported a net profit of QR955mn, translating into earnings-per-share of QR1.72 in 2016.

Global demand for LNG reaches 265mn tonnes in 2016: Shell

Global demand for LNG reaches 265mn tonnes in 2016: Shell

Global demand for liquefied natural gas (LNG) reached 265mn tonnes in 2016, enough to supply power to around 500mn homes a year, according to Shell’s first ‘LNG Outlook’. This included an increase in net LNG imports of 17mn tonnes.

Dana Gas revises 2016 results to loss due to unrealised interest

Dana Gas revises 2016 results to loss due to unrealised interest

Dana Gas restated its 2016 earnings to show a loss after the UAE-based energy producer adjusted for a reduction in unrealised interest payments it had booked in its accounts.

Debt pain of Indian energy giants eases

Debt pain of Indian energy giants eases

Lower oil prices and the scrapping of fuel subsidies have allowed India’s biggest energy companies to slash borrowings to the lowest in at least eight years.

Alibaba expands retail push with Bailian deal

Alibaba expands retail push with Bailian deal

China’s Alibaba Group Holding said it formed a strategic partnership with Bailian Group, the largest retailer by store numbers to join the e-commerce giant’s drive to use big data to improve and profit from brick-and-mortar sales.

European stocks waver as US shut for holiday

European stocks waver as US shut for holiday

Europe’s stock markets took a break from Trump-watching yesterday as US markets were closed, instead mulling developments on their own continent.

Al Khaliji outlines new growth strategy, to focus on minimising risks

Al Khaliji outlines new growth strategy, to focus on minimising risks

Al Khaliji, a new generation lender, has put in place a medium term strategy that will run until 2018 to further enhance its growth with a focus on minimising potential risks.

Saudi breaks records on oil exports and output for year

Saudi breaks records on oil exports and output for year

Saudi Arabia boosted oil exports and production last year to the highest monthly averages on record as the global crude market endured oversupply.

China wins big with stakes in Abu Dhabi oil venture

China wins big with stakes in Abu Dhabi oil venture

Abu Dhabi awards CEFC China Energy final 4% of venture; foreign partners in ADCO include BP, Total, China’s CNPC

Indian equities rise on TCS share buyback expectations

Indian equities rise on TCS share buyback expectations

Expectations of a share buy-back offer from a large IT firm and a strong rupee lifted the Indian equities markets yesterday, even as caution prevailed ahead of derivatives expiry and outflow of foreign funds.

Inbound China M&A takes flight on consumer promise

Inbound China M&A takes flight on consumer promise

Overseas acquisitions by Chinese buyers are cooling after two record years as Beijing reins in capital outflows, but deals into China are on the rise, and new rules will make it easier for foreign buyers to tap China’s giant consumer potential.

Japan returns to trade deficit in January

Japan returns to trade deficit in January

Japan logged its first trade deficit in five months in January, official data showed yesterday, as higher energy prices overwhelmed slower growth in exports due to the lunar new year.

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