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Qatar to Supply Crude Oil to Shell in FiveYear Deal

DUBAI, Dec 28 Reuters Qatar has agreed to supply Shell in Singapore with up to 18 million barrels of oil a year for five years in what the Gulf state39;s energy company said was its first ever fiveyear crude sales deal. QatarEnergy said it had agreed with Shell International Eastern Trading Company to supply up to […]
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GCC, South Korea Sign Free Trade Agreement

DUBAI, Dec 28 Reuters The sixmember Gulf Cooperation Council GCC and South Korea signed a free trade agreement FTA on Thursday in the Korean capital Seoul, the GCC said a statement. GCC Secretary General Jasem alBudaiwi said in the statement that the agreement is a historic step towards achieving Gulf economic integration and towards strengthening […]
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Most Major Gulf Markets Gain on US Rate Cut Bets

Dec 27 Reuters Most major Gulf stock markets rose in early trade on Wednesday on optimism that the US Federal Reserve could begin cutting rates as early as March, although geopolitical tensions in the region limited gains. The rate cut expectations were boosted by US data released on Friday showed that by some key measures […]
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US FDA Puts Clinical Hold on Iovances Cancer Therapy Trial

Dec 27 Reuters The U.S. health regulator has placed a clinical hold on Iovance Biotherapeutics39; trial of its experimental cell therapy in lung cancer patients after a patient death, the company said on Wednesday, sending its shares down about 20. The company will pause enrollment in the nonsmall cell lung cancer NSCLC trial during the hold, […]
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China Aims to Expand Domestic Demand, Ensure Speedy Recovery

BEIJING, Dec 27 Reuters China will strive to expand domestic demand, ensure a speedy economic recovery and promote stable growth, according to an interim report on China39;s 14th fiveyear plan published by parliament on Wednesday. The country will prioritise the restoration and expansion of consumption, stabilise bulk consumption and promote consumption of services, Zheng Shanjie, […]
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Turkey Raises Monthly Minimum Wage by 49 for 2024

ANKARA, Dec 27 Reuters Turkey39;s monthly minimum wage will be 17,002 Turkish lira 578.31 in 2024, Labour Minister Vedat Isikhan said on Wednesday, marking a 49 increase from the level determined in July and a 100 hike from January. Turkey39;s annual inflation rate edged up to 61.98 in November, its highest level this year but […]
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