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Masdar to buy stakes in two US wind farms
ABU DHABI: The Abu Dhabi Future Energy Company (Masdar) has announced the execution of a share purchase agreement (SPA) to acquire John Laing Group plc’s interest in two wind farms in the United States, marking the first time the Abu Dhabi-based company has invested in renewable energy projects in North America. Under the terms of the acquisition, Masdar will acquire John Laing’s interest in the Rocksprings wind farm in Texas
 
 
Nasdaq Dubai expands futures market
DUBAI: Nasdaq Dubai announced the launch of futures trading on the MSCI UAE equity index on Tuesday, in its latest expansion of the futures market. In a press statement, the exchange explained that the contracts are designed to appeal to international and regional investors seeking exposure to leading UAE companies. Robert Ansari, Executive Director - Head of the Middle East of MSCI, rang the market-opening bell at Nasdaq
   
German economy posts weakest growth in 5 years
BERLIN: The German economy grew by 1.5 percent in 2018, the weakest rate in five years and markedly slower than the previous year, preliminary data showed on Tuesday, in a sign that exporters in Europe’s largest economy are being hit by trade tensions. German companies are struggling with a cooling of the global economy and tariff disputes triggered by U.S. President Donald Trump’s ‘America First’ policies. The risk that Britain
 
 
China signals stimulus as economic slowdown deepens
BEIJING: China on Tuesday signalled more stimulus measures in the near term as a tariff war with the United States took a heavy toll on its trade sector and raised the risk of a sharper economic slowdown. The world’s second-largest economy will aim to achieve “a good start” in the first quarter, the National Development and Reform Commission (NDRC) said in a statement, indicating the government is ready to counter rising
   
Utico secures $400 million investment deal
Abu Dhabi: The UAE’s leading private utility, Utico, on Tuesday announced signing an investment agreement with Majis Industrial Services, a Government of Oman owned entity with an investment deal value of $400 million. Stating the details of the investment at a news conference on the sidelines of the World Future Energy Summit in Abu Dhabi (WFES 2019), Utico spokespeople said the deal was arranged by Emirates NBD Capital,
 
 
Saudi minister ‘very optimistic’ about oil market
Abu Dhabi: Saudi Energy Minister Khalid al-Falih said on Tuesday he was “very optimistic” about the outlook for the oil market after producers cut output to support flagging prices. Members of the Opec and allies including Russia decided last month to reduce output by 1.2 million barrels per day (bpd) after prices fell by more than 40 percent in just a few weeks in late 2018. The price of benchmark Brent crude, which briefly

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