Browsing: Business

The US Department of Justice will allow Boeing to avoid a criminal trial if the aerospace giant agrees to plead guilty to a fraud charge related to two fatal crashes involving its 737 Max aircraft over half a decade ago, people familiar with the matter have told Bloomberg.

Another whistleblower stepped forward Wednesday alleging he was retaliated against after flagging potentially dangerous manufacturing problems on the Boeing 787 Dreamliner.

CAIRO: One of Egypt’s largest fertilizer companies said on June 27 it would partially switch to hydrogen supplies as the…

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: 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.

Russian energy giant Gazprom has signed a strategic memorandum with Iran for pipeline gas supplies to the Islamic Republic

RIYADH: Saudi Arabia’s flynas has been named the Best Low-Cost Airline in the Middle East for the seventh time in a row by a leading industry body.

RIYADH: Saudi Arabia has “a lot to offer” global players in the artificial intelligence sector looking to set up shop in the Kingdom, a top minister has insisted. 

PARIS: Airbus softened key industrial and financial targets and took a hefty €900-million ($965 million) charge for its troubled space activities as Europe’s largest aerospace group sought a clean slate approach to supply disruptions and commercial risks, according to Reuters.