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Archive of Business

  • Saudi Arabia’s PIF signs MoU with China on renewable energy cooperation

    Saudi Arabia’s PIF signs MoU with China on renewable energy cooperation

    Saudi Arabia’s Public Investment Fund (PIF) announced Friday that it has signed a memorandum of understanding (MoU) with China's National ...
    Energy
  • China sees ‘enormous potential’ in Saudi economy

    China sees ‘enormous potential’ in Saudi economy

    China sees “enormous potential” in Saudi Arabia’s economy and wants more high-tech cooperation, the Chinese government’s top ...
    Economy
  • Ford begins probe into whether gas mileage was overstated

    Ford begins probe into whether gas mileage was overstated

    Ford Motor Co. has launched an investigation into whether it overstated gas mileage and understated emissions from a wide range of vehicles.The ...
    Technology
  • Russian rocket launches Egyptian telecom satellite

    Russian rocket launches Egyptian telecom satellite

    Russia successfully launched an Egyptian telecommunications satellite on Thursday, the Russian space agency Roskosmos announced. A Soyuz rocket took ...
    Technology
  • Sterling up after UK minister said lawmakers could vote on revised Brexit deal

    Sterling up after UK minister said lawmakers could vote on revised Brexit deal

    Sterling rose on Thursday after British finance minister Philip Hammond said that Brexit talks with Brussels had been constructive and that lawmakers ...
    Economy
  • Port Sudan workers strike over terminal transfer deal

    Port Sudan workers strike over terminal transfer deal

    Hundreds of workers in Port Sudan are continuing a days-long strike against the transfer of its vital container terminal to a Philippine company, a ...
    Economy
  • Tunisian central bank sees inflation below 7 percent after rate rise

    Tunisian central bank sees inflation below 7 percent after rate rise

    Tunisia’s central bank chief said he expects inflation to fall below 7 percent following Tuesday’s interest rate rise but the government ...
    Economy
  • Eastern Libyan forces hand control of El Sharara oilfield to oil guards

    Eastern Libyan forces hand control of El Sharara oilfield to oil guards

    Eastern Libyan forces handed over control of the El Sharara oilfield to an oil security force, officials said on Tuesday, in a bid to encourage state ...
    Energy
  • Swiss bank UBS fined 3.7 bln euros in French tax fraud case

    Swiss bank UBS fined 3.7 bln euros in French tax fraud case

      A Paris court on Wednesday fined Swiss banking giant UBS 3.7 billion euros ($4.2 billion) in a tax fraud case, a record for such a case in ...
    Economy
  • Dubai’s ENOC partners with India’s IOC to expand abroad

    Dubai’s ENOC partners with India’s IOC to expand abroad

    Emirates National Oil Company (ENOC) Group said on Wednesday it had formed an alliance with state-run Indian Oil Company (IOC) as part of the ...
    Energy
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