Al Shoula, the consortium for the Mecca-Medina Ave, is working against the clock to ensure the start-up of the “demonstration service” due to take place on December 29. This means it will be paid the 150 million riyales (some 33 million euros) promised by the Saudi authorities
According to a statement lodged with Spain’s Stock Market Regulator (CNMV), Gas Natural has completed the first stage of the sale of 59.1% of its stake in its Colombian affiliate Gas Natural SA ESP.
Since Portugal emerged from the crisis in 2014, its real estate sector has undergone a remarkable recovery. Caixabank Research points that the evolution of house prices, after a fall of 16.3% in nominal terms between 2007-13, have risen by an average of 5.3% per year and are now back at pre-crisis levels.
The stability in Spain’s growth in the fourth quarter compared with the third is the result of two forces pulling in opposite directions: the strength of the export markets has offset the adverse effect of increased political uncertainty in Catalonia.
Seat SA, the Spanish subsidiary of Volkswagen AG, will sell its China-made electric cars (EVs) under a different brand name in the country, sources familiar with the matter told Caixin.
Analysts at Bankinter offer an investment strategy for the European banks ahead of the new year. Overall they reiterate their recommendation to maintain a structural position in banks due to the improvment in the quality of their balances and the recovery in business volumes.
With the definitive exit of the UK from the EU in 2020 and the rise in populism, Europe is on the way to losing its international relevance. So both Germany and France, the strongest economies in the area, are obliged to seek a balance of power to avoid this possibility.
Just a week before the new year begins some analysts are saying that 2018 looks likely to be the best year for global synchronized growth since 2011. In fact, Laurence Boone from AXA IM thinks that inflation should return and supportive monetary policy progressively withdrawn. Is this all too good to be true?
Tasnim Nazeer | Cryptocurrency, or blockchain, is rapidly evolving around the world to cater for virtual peer-to-peer transactions using digital currency. Virtual money has made the daily business of life much easier for many of us, but can it help alleviate poverty in the developing world?
President Donald Trump signed on Friday the most comprehensive reform of the US tax system in more than three decades.The effects of the tax reform for each of the US economic sectors has been widely detailed by experts in the last months. Specifically BBVA Research have analysed Trump’s tax overhaul from the housing market’s angle.