Washington, United States -- Chip giant Micron Technology on Thursday said it was expanding its domestic investment plan to $200...
Duncan O’Rourke, CEO, Premium, Midscale, and Economy Division for Middle East, Africa and Asia Pacific at Accor, spells out the...
WASHINGTON, US - The United States is heading toward a government shutdown this weekend with no foreseeable way out of a...Sharp disagreements in the Republican Party has prevented passage of the bills needed to keep the government funded and open.
The credit ratings agency Moody's warned this week that a shutdown would be "credit negative" for US sovereign debt.
According to the company's liquidator, Su Zhu was detained at Singapore's Changi airport while trying to leave the city-state. He...Kyle Davies, his co-founder, was also committed to four months in prison but "his whereabouts remain unknown"
The country's monetary authority had banned the pair "from conducting regulated investment activity for nine years each"
Riyadh, Saudi Arabia-- The Saudi Fund for Development (SFD) has signed two loan agreements with Seychelles to support the social...The SFD will contribute $25 million to support the social housing project in the Seychelles and the reconstruction of La Digue School project
The fund has so far implemented 700 development projects and programs in more than 90 countries with a value surpassing $18.7 billion
Athens, Greece - Greece and Saudi Arabia announced their agreement to establish a jointly-owned company with the goal of connecting...The collaboration between Greece's Independent Power Transmission Operator and Saudi National Grid will result in each party holding a 50 percent stake
Besides this partnership with Saudi Arabia, Greece is also in the process of constructing an undersea cable to link its grid with Egypt
Shanghai, China - Huawei has unveiled an ambitious five-year initiative that will see a total investment of $430 million dedicated...$200 million will be allocated to establish the region's first public cloud center, which will offer more than 200 cloud services
An additional $200 million will be used to support 200 local software partners and empower 1,300 channel partners
Tripoli, Libya-- Qatar and Libya have signed a memorandum of understanding (MoU) to boost cooperation in the field of civil...The MoU is a component of joint efforts by the two countries to deepen bilateral relations in the aviation sector
It is also designed to enhance ways of cooperation in the field of security and safety, and exchanging experiences
Islamic fintech assets will rise from 0.8% to more than 1 percent globally by 2025, driven by young Muslim demand...Islamic fintech assets will rise from 0.8% to more than 1 percent globally by 2025, driven by young Muslim demand and favorable regulations, predicts Moody's
Gulf's Shari'ah-compliant banks, led by Saudi Arabia at 83% market share, are expected to outpace traditional banks through 2024, with Bahrain following at 69%
- DIB felt Turkey is a great investment destination.
DIB will acquire 20 percent shareholding across T.O.M. Group with an option to increase shareholding to 25 percent within 12 months.
DIB has long held the view that Turkey was an attractive investment destination for a financial services institution.
WASHINGTON, US - President Joe Biden's administration on Friday announced it would auction three new oil and gas leases in the...The move triggered a furious reaction from environmental groups who said the move would accelerate climate change.
The action was denounced by advocates of the fossil fuel industry as it reduced the number of lease sales planned by previous US administration.
The bank said the loss could be as much as $2.2 billion.Its exit from certain loan portfolios is expected to result in a $1.6 billion loss, Credit Suisse said in a first-half results statement
The winding down of certain management arrangements may result in an additional loss of up to $600 million, the bank added
