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Author: Steven Sahiounie
Another whistleblower stepped forward Wednesday alleging he was retaliated against after flagging potentially dangerous manufacturing problems on the Boeing 787 Dreamliner.
The yen, weakened by the Japanese government’s easy monetary policy, hit a 38-year low against the dollar on Wednesday, sparking speculation about a new intervention by authorities.
SINGAPORE: Oil prices dipped on Thursday as a surprise build in US stockpiles fueled fears about slow demand from the world’s top oil consumer,
CAIRO: One of Egypt’s largest fertilizer companies said on June 27 it would partially switch to hydrogen supplies as the country struggles with a shortage of natural gas that has led to widespread blackouts. Abu Qir Fertilizers — along with three other major companies in the fertilizer and chemicals sector, Mopco, Sidi Kerir Petrochemicals, and KIMA — had said this week it would halt production due to the shortage of natural gas, a key input. The closures coincided with a worsening of regular blackouts that Egyptians have experienced since last year, due to a surge in summer power consumption and the shortage of…
RIYADH: Global banking firm Mizuho Financial Group has begun the process of establishing its regional headquarters in Riyadh by submitting an application to the Kingdom’s Ministry of Investment.
RIYADH: UK investors have been encouraged to enter the Saudi sports sector, with an official telling a London event its market value is set to hit SR84 billion ($22.38 billion) by 2030.
RIYADH: Sukuk issuance across the Middle East and North Africa surged 48 percent to $6.2 billion in the first half of 2024, driven by green and social projects, a new analysis showed.
RIYADH: Saudi Arabia’s accumulated savings, rich natural resource base, and state capabilities put it in a good position to pursue sustained economic development, according to the finance minister.
RIYADH: A robust oil and gas sector, high interest margins, and fintech innovation will help drive banking sector growth across the Gulf Cooperation Council region in 2024 and beyond, according to a new report.
The European Council has adopted its 14th round of economic and individual sanctions against Russia over the Ukraine conflict
