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Author: Steven Sahiounie
Unilever Plc is announcing more ambitious emissions-cutting goals, targeting suppliers and even the shops that stock its brands, despite concerns from investors that non-financial objectives have become a distraction for the company.
Emirates President Tim Clark threw his support behind Boeing Co.’s leadership as the manufacturer works through a crisis of confidence in the wake of a near-catastrophic accident in January, saying the company understands what needs to be fixed and that the reintegration of a key supplier is a first step in the right direction.
Abu Dhabi-based Etihad Airways announced Wednesday earning a $143 million profit last year, citing an increase in passengers as fueling the narrow profit.
The financial landscape in Egypt on Wednesday was nothing short of dramatic. Amidst a backdrop of anticipation and speculation, the Egyptian economy experienced pivotal changes that underscored the unfolding narrative of reform and adjustment.
RIYADH: Saudi Arabia’s Al-Jouf province offers a fertile investment landscape, attributed to the abundance of renewable energy and a robust food supply, said the region’s governor. Prince Faisal bin Nawaf bin Abdulaziz has confirmed that the region possesses numerous investment opportunities and comparative advantages. The governor emphasized that Al-Jouf has seen numerous initiatives and endeavors aimed at surmounting challenges for prospective investors seeking to establish a presence through coordinated efforts across various governmental domains. These undertakings aim to facilitate investment projects aligned with the vision outlined in Saudi Arabia 2030, as the Saudi News Agency reported. The remarks were made…
NEW YORK: Oil prices rebounded slightly on Wednesday after extended declines as signs of supply tightness amid output cuts by major producers overrode demand growth concerns in China and the US, the world’s two biggest crude consumers, according to Reuters.
RIYADH: Saudi Aramco raised the April’s official selling price for the flagship Arab light crude it sells to Asia, while differentials for Europe were trimmed, according to an official statment.
RIYADH: Energy firm Aramco’s technology arm was one of several companies to sign deals at the LEAP conference, along with global brands Nokia, IBM, and Mobily.
RIYADH: Saudi Arabia is working to launch a national strategy for space and a space company that will allow for comprehensive government investment and private sector contribution to the field, said the minister of communications and information technology. Speaking at a press conference on the sidelines of LEAP, Abdullah Al-Swaha said the Kingdom is making significant strides in the fields of space exploration and women’s empowerment. He said after sending the first Arab Muslim woman to the international space station, the Kingdom is now looking to the next phase of its development in this sector. There are two main phases that…
RIYADH: Saudi Arabia’s Tadawul All Share Index concluded its Wednesday trading at 12,561.90 points, marking an increase of 91.75 points or 0.74 percent.
