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Archive of Business

  • 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
  • Microsoft discovers hacking targeting democratic institutions in Europe

    Microsoft discovers hacking targeting democratic institutions in Europe

    Microsoft Corp on Wednesday said it had discovered hacking targeting democratic institutions, think tanks and non-profit organizations in Europe and ...
    Technology
  • Former Barclays chairman ‘not aware’ of Qatar fee document, court told

    Former Barclays chairman ‘not aware’ of Qatar fee document, court told

    Barclays’ former chairman, giving evidence in a landmark London fraud trial, said he first saw a document detailing agreed fees for Qatari ...
    Economy
  • Al-Falih sees deal with Kuwait to resume oil output from Neutral Zone

    Al-Falih sees deal with Kuwait to resume oil output from Neutral Zone

    Saudi Arabia’s energy minister Khalid al-Falih said on Wednesday the country is expected to reach an agreement this year to resume oil output ...
    Energy
  • Huawei’s founder says world can’t live without it

    Huawei’s founder says world can’t live without it

    The founder of Chinese telecom giant Huawei has hit back at US efforts to blacklist the company, saying defiantly that the world cannot do without ...
    Technology
  • Germany, France push to create industrial ‘European champions’

    Germany, France push to create industrial ‘European champions’

    Germany and France agreed on Tuesday on a strategy to create European industrial “champions” and to seek changes in EU competition rules ...
    Economy
  • New round of US-China trade talks to begin in Washington on Tuesday

    New round of US-China trade talks to begin in Washington on Tuesday

    A new round of talks between the United States and China to resolve their trade war will take place in Washington on Tuesday, with follow-up sessions ...
    Economy
  • Raytheon wins $1.5 bln UAE air force contract

    Raytheon wins $1.5 bln UAE air force contract

    The United Arab Emirates on Monday awarded Raytheon Co. a $1.55 bln (5.7 bln dirhams) contract to supply its air force with platform systems to launch ...
    Economy
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