ABU DHABI / WAM Borouge has awarded the Engineering, Procurement and Construction (EPC) contract for an additional Polypropylene Plant, PP5, to be integrated with the existing Borouge 3 complex in Ruwais and grow the polymer production capacity to almost 5 million tonnes per annum by 2021. The EPC contract has been awarded to Tecnimont SPA, a subsidiary of Italy’s Milan-based …

Bloomberg US equities climbed along with European stocks as positive earnings reports boosted investor sentiment, and China’s efforts to support its economy spurred interest in higher-risk assets across Asia. The S&P 500 Index opened higher on Tuesday, as the likes of Boeing and Verizon climbed on strong results. Google parent Alphabet anchored a big leap in tech stocks after beating …

Bloomberg The pound rose to a one-week high against the dollar after UK Prime Minister Theresa May said she will take control of Brexit talks, as investors bet on a softer exit from the EU. Sterling climbed as much as 0.4 percent to $1.3159, the highest level since July 17, after May said she will lead Brexit negotiations, relegating the …