Mena News

 

  FDI in China drops in January
Feb , 21 , 2013  
  Foreign direct investment in China declined 7.3% YoY to USD9.27bn in January from USD11.7bn a year earlier. Non-financial direct investment overseas rose 12.3% YoY to USD4.91bn during the month.
 

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  Gold settles at six-month low
Feb , 21 , 2013  
  Gold settled at a six-month low as the dollar strengthened and investors moved toward global equities. Gold futures for delivery in April edged down USD11.40 to close at USD1,592.80 a troy ounce on the Comex division of the NYMEX.
 

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  US crude rises on positive macroeconomic data
Feb , 21 , 2013  
  US crude oil rose after latest reports showed an improvement in economic sentiment in Germany. Light Sweet Crude Oil futures for delivery in April gained USD0.13 to close at USD97.23 a barrel on the NYMEX.
 

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  Terra Energy & Resource Technologies (Terra) won a contract from Kuwait Oil Company for oil and gas exploration in Kuwait. Terra would complete the analysis within four months using Sub-Terrain Prospecting technology.
Feb , 21 , 2013  
  Shuaiba refinery’s oil unit is expected to return to full production capacity of 200,000 barrels per day within three to four days. The unit is currently operating at a capacity of 30%.
 

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  Kuwait Oil Company awards contract to Terra
Feb , 21 , 2013  
  Terra Energy & Resource Technologies (Terra) won a contract from Kuwait Oil Company for oil and gas exploration in Kuwait. Terra would complete the analysis within four months using Sub-Terrain Prospecting technology.
 

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  Gold languishes around six-month low
Feb , 20 , 2013  
  Gold continued to stay near its six-month low while the dollar hovered around its three-week high against the euro. Gold futures for delivery in April edged up 0.1% to end at USD1,611.50 a troy ounce on the Comex division of the NYMEX.
 

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  US crude declines on demand concerns
Feb , 20 , 2013  
  US crude oil declined marginally as investors remained concerned over its demand, especially with the ongoing geopolitical tension in the Middle East. Light Sweet Crude Oil futures for delivery in April fell 0.1% to close at USD96.32 a barrel on the NYMEX.
 

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  Wages in Australia rise in 4Q
Feb , 20 , 2013  
  Wages in Australia rose in 4Q 2012 with the related wage index rising 0.8% QoQ. On an annual basis, the index was up 3.4%. Both public and private sector indices were up 0.8% QoQ.
 

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  Greece’s current account deficit narrows in December
Feb , 20 , 2013  
  Greece's current account deficit narrowed considerably on an annual basis as a result of improvement in the income account. The current account deficit shrank to EUR534.2mn in December 2012 from EUR2.14bn a year earlier.
 

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  Germany’s economic sentiment at near three-year high
Feb , 20 , 2013  
  Economic confidence in Germany improved notably in February, reaching its strongest level since April 2010. The ZEW Indicator of Economic Sentiment inched up 16.7 points to 48.2, posting its third consecutive increase and beating the market estimate of 35.
 

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