Hong Kong shares ended lower on Friday and suffered its fourth successive week of decline, as disappointing manufacturing data from China kept most cyclical sectors such as materials and mining companies weak.
Two surveys that pointed to sluggish Chinese factory activity in May signalled a deeper-than-forecast deterioration in demand at home and abroad, but also increased the likelihood of further policy easing.
The Hang Seng Index lost 0.4 percent on the day, extending last month's weakness which saw the benchmark's losses of 12 percent in May nearly wipe out its gains for the year. Near-term support for the index lies 1.3 percent below current levels around 18,300, which was the January intra-day low.
Dolphin’s export gas compressor upgrade project commissioning
A major upgrade of Dolphin Energy’s export gas compressor at Ras Laffan will enable capacity increase to 3.2bn standard cubic feet a day (scf/d) from the current average rate of 2bn scf/d.
‘UAE’s sound economic policy pays off’
His Highness Shaikh Humaid bin Rashid Al Nuaimi, Member of Supreme Council and Ruler of Ajman, said on Wednesday that the sound economic policy adopted by the UAE, under the leadership of the Preside
KFH sponsors 12 graduation projects
Kuwait Finance House (KFH) took part in the 24th Engineering Design Expo for the College of Engineering and Petroleum at Kuwait University.
KFH sponsored several projects prepared by a gr
Emirates NBD launches $1 bn bond
Emirates NBD launched a $ 1 billion core capital-boosting bond yesterday, amid healthy
demand, allowing the Dubai lender to tighten earlier price guidance.
The Tier 1 bond launched at a f
Flydubai begins Salalah flights
Flydubai on Wednesday began flights to Salalah, in the Sultanate of Oman, bringing its operational network to 60 destinations.
The airline also launched flights to the Sri Lankan city of