Riyadh, Saudi Arabia -- Saudi Arabia's Minister of Tourism, Ahmed Al-Khateeb, has officially unveiled TOURISE, a groundbreaking global platform set...
Damascus, Syria -- Turkish Energy Minister Alparslan Bayraktar said Thursday in Damascus that his country would ramp up energy exports...
Moscow, Russia - Google's Russian subsidiary is on the brink of bankruptcy as it struggles to cope with its mounting...The subsidiary's financial liabilities have now surpassed a staggering $211,579,032
The company’s ordeal dates back to May 2022 when it declared its intention to file for bankruptcy
The resumption of trading came after the company said in a filing on Friday that it had met guidelines set...Shares of Evergrande plunged as much as 87 percent during morning trading, slashing its market value from a peak of more than $50 billion in 2017 to less than $600 million
Company reported fresh losses for the first half of the year amounting to 33 billion yuan-- an improvement on the 66.4 billion yuan in losses reported in same period last year
- Founded in the southern province of Guangdong in 2015, XPeng is one of dozens of Chinese startups to emerge in...
In a filing to the Hong Kong Stock Exchange, the car giant said it had reached a deal with Didi to buy that subsidiary for $744 million
XPeng sold 41,435 vehicles in the first half of 2023, down 40 percent year on year, according to results published this month
- 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
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
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.
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.
- 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, 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.
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.
