Aramco, Sempra ink Port Arthur LNG royalties deal
Aramco's 25% participation in Port Arthur LNG Phase 2 aims to expand its gas portfolio and meet the world's growing...Business
Chinese electric car company Nio to enter UAE this year
Chinese electric car company Nio plans to expand to the Middle East this year, CEO William Li said on an...Business
Barclay family seeks Telegraph control with UAE investor support: report
Dubai, UAE - The Barclay family is reportedly making a bid to regain control of the Telegraph newspaper group. Months...The Telegraph's parent companies faced financial turmoil and went into receivership earlier this year
This situation presented a rare opportunity for investors to step in and acquire one of Britain's most prominent newspaper groups
More Middle Eastern firms embrace Responsible AI
A significant 16% of Middle Eastern organizations have fully implemented Responsible AI policies and processes, a latest report highlights.A significant 16% of Middle Eastern organizations have fully implemented Responsible AI policies and processes, a latest report highlights
With AI-related risks on the rise and the regulatory environment in flux, the onus is on businesses to navigate this terrain with agility
Evergrande posts H1 loss
Firm said it has $556 million remaining in cash assets.The developer's January-June losses amounted to 33 billion yuan ($4.53 billion), compared to 66.4 billion yuan lost in the same period last year.
Its statement on Sunday estimated its liabilities now stood at almost $328 billion, down from nearly $340 billion at the end of 2022.
Iran hopes joining BRICS likely to enhance trade and business
Tehran, Iran - Iran’s membership in the BRICS group will lead to the promotion of exports and trade activities, an...Logical policymaking and decisions will lead to positive achievements for the country after joining BRICS, the Iranian official Arsalan Ghasemi said.
BRICS is a club of emerging economies that constitute a large population in the world and this opportunity should be used optimally, he added.
Iran says European countries willing to buy our drones
TEHRAN, IRAN - A number of European countries have asked to purchase Iran’s unmanned aerial vehicles, the spokesperson for the...A spokesperson for the Iranian Defense Ministry said Tehran is prepared to export military drones after fulfilling its domestic needs,
Political and security considerations will be taken into consideration before finalizing such deals, the spokesperson added.
Tehran exports goods worth $7.2bn to West Asia in 4 months from March 2023
TEHRAN, IRAN - Iran exported $7.2 billion worth of products to West Asian countries in the first four months of...Comprehensive strategic five-year plans have been defined for the West Asian countries with a focus on trade infrastructure.
The plans include organizing and development of transportation platforms, banking exchanges, customs and standards.
Iran world’s eighth largest steel producer in first half of 2023
Tehran, Iran -- Iran became the eighth largest steel supplier in the world in the first half of 2023 as...Iran was the world’s seventh largest steel producer in June with an output of 3.2 million mt, up 17.4 percent from June 2022, the report added.
For years, Iran had been ranked 10th globally in the list of top steel-producing countries.
Market capital in Arab bourses $4.5 trillion, says Arab Monetary Fund
Kuwait City, Kuwait -- The Arab Monetary Fund has said that the market capital in Arab bourses reached US$4.5 trillion...The fund's weekly report said the market capital of BouKuwait amounted to US$137.5 billion, that of the Abu Dhabi stock exchange reached approximately US$777 billion.
The capital market of the Saudi stock exchange reached some US$ 3 trillion and the Qatari bourse US$170 billion.
Gazprom delivers 41.5m cu.m of gas to Europe per day through Ukraine
Moscow, Russia -- The volume of Russian gas supplies to Europe through Ukraine is 41.5 million cubic meters per day,...The gas is supplied via Sudzha gas pumping station in an amount approved by Ukraine, a Gazprom spokesman said.
The transit line through Ukraine remains the only route for Russian gas supplies to western and central European countries.
stc Group begins work in Europe
stc’s subsidiary TAWAL buys assets in eastern Europe.TAWAL aims to ensure a reliable and efficient ICT infrastructure network to all mobile networks operators in the market.
TAWAL aims to bring significant investments, best processes and practices, as well as innovative products to its portfolio.
