December, 2023

• 28 December

  SunZia wind project raises $11bn

  

  BLOOMBERG A wind farm and transmission line billed as the largest clean energy project in US history has secured $11 billion in financing and started construction. Pattern Energy Group LP said Wednesday it closed on financing that includes about $8.8 billion in construction and term facilities and $2.25 billion in tax equity for the 3.5 gigawatt SunZia wind farm in ...

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• 28 December

  Nigeria nearing deal to supply gas to South Africa

  

  BLOOMBERG Nigeria-based Riverside LNG said it’s in talks to supply gas to South Africa, in what would be the first such deal between the two countries. The company earlier this year signed a gas-export partnership agreement with Johannes Schuetze Energy Import AG of Germany and is now looking for deals on the continent, Chief Executive Officer David Ige said in ...

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• 28 December

  Williams to agrees to buy gas assets for $1.95bn in LNG bet

  

  BLOOMBERG Pipeline operator Williams Cos agreed to buy natural gas storage assets from an affiliate of Hartree Partners LP for $1.95 billion in a bet on demand growth for the fuel in the US and in overseas markets. The deal includes six underground storage facilities in Louisiana and Mississippi, Williams said in a statement. The company will also get 230 ...

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• 28 December

  It was a tough year for almost every bank not named JPMorgan

  

  BLOOMBERG More than a decade after regulators vowed to tame the risks of too-big-to-fail banks, White House officials were on a call. Why, one attendee asked, was JPMorgan Chase & Co allowed to buy First Republic Bank that morning in a government-led auction? The answer came, flatly, from Treasury Secretary Janet Yellen: They had the highest bid. After a year ...

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• 28 December

  Samsung Electronics delays production at new US factory to 2025, says Seoul Economic Daily

  

  BLOOMBERG Samsung Electronics Co has delayed mass production plans at its new chip plant in Taylor, Texas, the Seoul Economic Daily said, potentially dealing another blow to the Biden administration’s ambition to increase domestic semiconductor supplies. Mass production at the upcoming $17 billion fab would begin in 2025, the newspaper reported, citing a speech by President Choi Siyoung of Samsung’s ...

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• 28 December

  Apple resumes sale of watches after appeals court lifts US ban

  

  BLOOMBERG Apple Inc said it would put its latest smartwatch models back on sale in its US retail stores after it won a court ruling in a patent fight, providing a quick reprieve for its $17 billion business. The company said its Apple Watch Series 9 and Ultra 2 would also resume online sales beginning on Thursday by noon Pacific ...

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• 28 December

  Year-end China market rally takes hold as foreign funds pile in

  

  BLOOMBERG Chinese stocks rallied heading into the year-end, boosted by a rotation into some of 2023’s worst-performing sectors and a supportive global backdrop. The CSI 300 Index gained 2.3% to cap its best day in five months, as overseas investors bought onshore equities worth 13.6 billion yuan ($1.9 billion) on a net basis in Thursday’s session. A subgauge of industrial ...

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• 28 December

  European equities extend year-end rally, bonds stall

  

  BLOOMBERG European stocks extended the rally seen across Asian markets and Wall Street, as investors position themselves for Federal Reserve interest-rate cuts next year. Gold traded near a record high struck earlier this month. The Stoxx Europe 600 index climbed 0.3% after a gauge of Asian equities rallied for the fourth straight session. The European benchmark is at the highest ...

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• 27 December

  AD Ports, RSPA sign agreement to develop and operate multipurpose terminal in Safaga Port

  

  CAIRO/ WAM AD Ports Group (AD Ports) today announced that it has signed a definitive concession agreement with the Red Sea Ports Authority (RSPA) for the development and operation of a multi-purpose terminal at Safaga Seaport. Following the Government of Egypt’s approval, this significant milestone reaffirms the strong trade ties between the UAE and the Arab Republic of Egypt. The ...

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• 27 December

  Al Amal Holdings LTD: From the Heart of the Emirates to the Global Stage”

  

  DUBAI/ GULF TIME Al Amal Holdings announced its latest global expansions during its annual ceremony held at the Habtoor Hotel, attended by a distinguished gathering of sheikhs, prominent personalities, numerous journalists, and individuals interested in the commercial and industrial sectors.The event commenced with the national anthem of the United Arab Emirates and a selection of uplifting songs suitable for the ...

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