Honda and Nissan expected to begin merger talks
Honda and Nissan were poised Monday to announce the start of talks on a merger to help the Japanese giants...Business Uncategorized
Saudi Arabia partners with World Bank to launch global knowledge hub in Riyadh
According to World Bank Group President Ajay Banga, “The new Knowledge Hub being created by the World Bank Group and...Business
Russian defense minister says Moscow-Tehran ties improving despite sanctions
MOSCOW, RUSSIA – The cooperation between Moscow and Tehran is reaching new highs, Russian Defense Minister Sergey Shoigu said on...The Russian defense minister announced readiness to take joint steps to strengthen stability and security in the Middle East.
The Russian minister said that cooperation and dialogue between Moscow and Tehran has enhanced recently.
Belt and Road Initiative countries expect more cooperation ahead of China-Arab expo
YINCHUAN, CHINA - In the run-up to the sixth China-Arab States Expo, guests from countries and regions along the Belt...Morocco was the first country in North Africa to sign the Belt and Road cooperation document with China.
Since then, the two countries have maintained close political, economic, and cultural connections.
TotalEnergies, Adani Group set up JV for wind, solar power production in India
PARIS, FRANCE - French firm TotalEnergies and Indian group Adani unveiled plans on Wednesday to create a joint venture to develop wind...The JV will include wind and solar assets that Adani Green Energy Limited already operates and is building and developing in India.
TotalEnergies has been developing renewable electricity production, with 19 GW of installed gross production capacity as of July 2023.
QFMA launches single window e-portal for listing in Qatari financial markets
DOHA, QATAR - Qatar Financial Markets Authority (QFMA) announced the launch of a single window e-portal, which aims to facilitate...The single window provides many advantages for firms, related to securities, public offering, or listing on QSE and in acquisitions or mergers.
It will simplify the procedures for companies by limiting their dealings with just one entity instead of interacting with other authorities separately.
Ex Qantas boss Alan Joyce paid $14m in last financial year
Qantas said some of the former airline chief's pay could be subject to clawback "should the board determine that necessary"....In its annual report, the Australian airline Qantas said Joyce's "total pay outcome" for the financial year to June 30, 2023, was Aus$21.4 million
Qantas said it had withheld the balance of the last financial year's short-term bonuses from its senior executives "while this matter progresses."
Global ambitions fuel Qatar’s investment momentum
Qatar Investment Authority, with a diversified $450 billion portfolio across 60 countries, is adeptly poised to tackle global economic hurdles...Qatar Investment Authority, with a diversified $450 billion portfolio across 60 countries, is adeptly poised to tackle global economic hurdles and seize expansion prospects
Qatar's sovereign fund's notable investments include stakes in Volkswagen, SoftBank, RWE, and Paris Saint-Germain as it focuses on venture capital, fintech and sports sectors
Google’s AI chatbot goes personal tapping into Gmail, YouTube
Google has for years discreetly developed AI powers but was caught off guard when OpenAI late last year released ChatGPT...The company said its beefed up chatbot can help users summarize a confusing string of emails into its main points or tap into Google Maps to best locate a holiday destination.
These so-called Bard Extensions would also be available to retrieve key points from content across Google Docs and Google Drive, including PDFs.
Stocks diverge as oil hits 10-month high of above $95 per barrel
Brent North Sea crude oil traded above $95 per barrel Tuesday for the first time since November last year, supported...The Federal Reserve is seen keeping interest rates on hold Wednesday but is expected to be cautious over the outlook as crude pushes higher.
In Asian trading, Hong Kong managed a gain while Shanghai was flat. In Europe, London and Paris were in the green while Frankfurt was lower.
stc’s acquisition of Telefonica stake okayed
Spain's Securities Market Regulatory Authority cleared the deal.Morgan Stanley, which advises on the deal from the buyer's side, accumulated a little less than 3 percent of Telefonica’s capital during an unspecified period of time.
Media reports said that stc announced recently it acquired a 9.9 percent stake in Telefonica for SAR 8.5 billion (2.1 billion euros).
ZATCA, Korea Customs Service sign MoU to recognize AEO
Riyadh, Saudi Arabia -- Saudi Arabia's Zakat, Tax and Customs Authority (ZATCA) and Korea Customs Service have signed a memorandum...The move will accelerate the clearance of goods at customs points, enhance trade, and support their economies, SPA reported.
ZATCA also showcased the “Clearance within Two Hours” initiative, which aims to unify the efforts of customs clearance authorities.
