🇸🇾🇺🇸🇶🇦🇹🇷 – The Syrian government, represented by Energy Minister "Mohammad Al-Bashir", signed a historic 7 billion dollars energy agreement in the presence of President "Ahmed Al-Sharaa" with major companies from Qatar, the USA, and Turkey to generate 5000 MW of electricity.
The deal includes four combined-cycle gas turbine power plants totaling 4000 MW and a 1000 MW solar plant in southern Syria.
The agreement was held with U.S. envoy "Thomas Barrack", Qatari CEO "Ramez Al-Khayyat", and Turkish Energy Minister "Alparslan Bayraktar".
Before the war, Syria’s electricity production capacity was around 9000 MW, but it has since dropped significantly due to infrastructure damage. Current national demand is estimated at 6500- 7000 MW, while production dropped during the war to around 1500-2000 MW
🇸🇾🇺🇸🇶🇦🇹🇷 – The Syrian government, represented by Energy Minister "Mohammad Al-Bashir", signed a historic 7 billion dollars energy agreement in the presence of President "Ahmed Al-Sharaa" with major companies from Qatar, the USA, and Turkey to generate 5000 MW of electricity.
The deal includes four combined-cycle gas turbine power plants totaling 4000 MW and a 1000 MW solar plant in southern Syria.
The agreement was held with U.S. envoy "Thomas Barrack", Qatari CEO "Ramez Al-Khayyat", and Turkish Energy Minister "Alparslan Bayraktar".
Before the war, Syria’s electricity production capacity was around 9000 MW, but it has since dropped significantly due to infrastructure damage. Current national demand is estimated at 6500- 7000 MW, while production dropped during the war to around 1500-2000 MW
That strategy is the acquisition of a value-priced company by a growth company. Using the growth company's higher-priced stock for the acquisition can produce outsized revenue and earnings growth. Even better is the use of cash, particularly in a growth period when financial aggressiveness is accepted and even positively viewed.he key public rationale behind this strategy is synergy - the 1+1=3 view. In many cases, synergy does occur and is valuable. However, in other cases, particularly as the strategy gains popularity, it doesn't. Joining two different organizations, workforces and cultures is a challenge. Simply putting two separate organizations together necessarily creates disruptions and conflicts that can undermine both operations.
Spiking bond yields driving sharp losses in tech stocks
A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year.
A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.
