UAE's ADQ to allocate $10 billion for investments with Egypt, Jordan - WAM May 29, 2022 03:51AM

(Reuters) -Abu Dhabi state holding firm ADQ will allocate $10 billion in investment for projects with Egypt and Jordan, the United Arab Emirates' state news agency WAM reported on Sunday, citing the Industry and Advanced Technology Minister Sultan Al Jaber.

ADQ has become the leading vehicle for outbound investments from Abu Dhabi, managing about $110 billion in assets, according to Global SWF. It acquired a 45% stake in commodities trader Louis Dreyfus Co... (continue reading...)

Qatar central bank governor expects GDP growth of 3.5% in 2022 May 29, 2022 03:23AM

DOHA (Reuters) - Qatar's gross domestic product (GDP) should grow 3.5% in 2022, Central Bank Governor Sheikh Bandar bin Mohammed bin Saoud Al-Thani told a conference on Sunday in Doha.

The energy-rich Gulf emirate plans to start licensing financial technology companies soon, he added.

Fitch Ratings in April forecast Qatar's GDP would grow 3.2% in 2022, from 1.6% in 2021, reflecting increased output from the soccer World Cup that the... (continue reading...)

Russia's Gazprom continues shipping gas to Europe via Ukraine May 29, 2022 03:08AM

(Reuters) - Russian gas producer Gazprom said on Sunday its supply of gas to Europe through Ukraine via the Sudzha entry point stood at 44.1 million cubic metres (mcm), up from 43.96 mcm on Saturday.

An application to supply gas via another major entry point, Sokhranovka, was rejected by Ukraine, Gazprom said.

(Reporting by Retuers; Editing by Mark Potter)

Monsoon rains lash India's Kerala coast, two days ahead of usual May 29, 2022 02:52AM

By Mayank Bhardwaj

NEW DELHI (Reuters) - India's annual monsoon, which delivers about 70% of the country's rainfall, arrived on the coast of southern Kerala state on Sunday, the state-run India Meteorological Department said, two days ahead of the usual time.

The department forecast on May 13 that monsoon rains were likely to reach Kerala on May 27 and on Friday said conditions were becoming favourable for the onset of the monsoon over... (continue reading...)

AGL Energy mulls strategic review amid demerger doubts - report May 29, 2022 02:08AM

SYDNEY (Reuters) - AGL Energy Ltd could launch a strategic review as early as Monday as doubts grow over the Australian power producer’s plans to split into two companies, the Australian newspaper reported.

AGL was mulling its options on Sunday amid market speculation that breaking the company into retail and generation units may lack the shareholder support to go ahead, the newspaper said.

AGL did not immediately respond to a Reuters... (continue reading...)

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