Author: Steven Sahiounie

RIYADH: Multinational professional services firm EY has chosen to locate its regional headquarters in Riyadh, joining a growing list of international companies in the city. 

RIYADH: “Drastic and coordinated actions” are needed to reduce the global reliance on fossil fuels, a climate think tank leader has warned after a new analysis showed oil and coal consumption are at record levels.

RIYADH: Bond offerings in Saudi Arabia are set to expand with increased activity, highlighting significant growth opportunities in the Kingdom’s financial sector, according to the investment minister.

Apple risks billions of euros in fines after the European Union on Monday found the iPhone maker’s App Store to be violating the bloc’s landmark digital competition rules.

Malaysia Airlines said one of its flight en route to Bangkok had to make a U-turn back to Kuala Lumpur International Airport on Monday after experiencing a “pressurization issue.”

Mitsui & Co has started construction of an ammonia plant in the United Arab Emirates (UAE) with partners including an Abu Dhabi National Oil Company (ADNOC) unit, it said on Tuesday.The move comes as the Japanese trading house steps up its efforts to build global supply chains of greener fuels such as hydrogen and ammonia to help advance energy transition and tackle climate change. Mitsui has also signed a loan agreement with the Japan Bank for International Cooperation (JBIC) to finance the development of the project, it said in a statement.Mitsui’s partners are TA’ZIZ, which is owned by ADNOC, Fertiglobe,…

Korean Air said Tuesday it was investigating an emergency incident at the weekend in which one of its Boeing 737-8 airliners had to divert due to a pressurization problem which left 17 passengers requiring medical treatment.

Indian imports of Russian coal have declined while US shipments have risen in the three months ending in May, data from coal consultancy Bigmint showed, which traders attributed to Russian supplies becoming less competitive.

Egypt’s Foreign Minister Sameh Shoukry and the UN Senior Humanitarian and Reconstruction Coordinator for Gaza Sigrid Kaag discussed the humanitarian situation in the Gaza Strip in a phone call on Tuesday. Kaag’s call addressed the impediments imposed by Israel on aid access, and the exacerbating gravity of the humanitarian disaster in the strip. Shoukry was keen to know the UN official’s plans to mitigate the severity of the crisis facing Palestinian civilians in the strip. The outcomes of Kaag’s talks with Israeli officials to ease the movement of aid trucks at the crossings were also discussed. Both exchanged views on…

Lufthansa will add an environmental charge of up to 72 euros ($77) to its fares, the airline group said on Tuesday, joining at least one European rival in doing so as the industry battles to cover the cost of meeting new EU rules on reducing emissions.