Pre-Trading Thoughts

The Oil Ministry yesterday inked two agreements with Cyprus to liquify and re-export Cypriot natural gas. Saudi renewables giant Acwa Power is setting up a 2 GW wind farm in South Hurghada with investments of SAR8.6 bn (c. USD2.3 bn). Italian leading hospital group San Donato Group wants to set up a USD100 mn hospital and an international medicine-focused university. Chinese electronics and household appliance manufacturer Hisense and UAE’s FBB Tech began construction of their USD38 mn new el...