Reliance, Disney announce giant India media merger
The statement said Disney will hold 36.8 percent, Reliance will hold a 16.3 percent stake, and Viacom18 another 46.8 percent....Business
Nissan plans self-driving taxi service in Japan
It has been testing self-driving mobility services since 2017.Business
Amazon plans more job cuts
The online retail giant axed 18,000 jobs in January.The layoffs account for a smaller percentage of Amazon's total workforce, which ran up to 1.5 million people in December 2022, than the cuts seen at some other tech giants.
The cuts would mainly impact Amazon's cloud computing, human resources, advertising and Twitch videogame streaming businesses, Amazon CEO Andy Jassy said.
Gas price in Europe slips below US$43 for first time since 2021
LONDON, UK- Europe's natural gas price slid Monday below US$43 for the first time in more than a year and a...Monday's low is almost nine times less than the record high struck after key gas producer Russia invaded Ukraine more than one year ago.
Energy bills remain high for many households and businesses, however, with wholesale costs taking time to filter down to the end consumer.
Rosneft 2022 profit at $10.5bn
Firm said non-monetary factors played a role in earnings.Western powers have imposed sanctions against Russia due to the Ukraine war.
Rosneft said that the profit level forms a solid basis for paying dividends.
ACWA Power to invest $2.5bn in Uzbekistan green energy projects
Dubai, UAE -- Saudi ACWA Power has signed three power purchase agreements and investment agreements valued at $2.5 billion with...In August 2022, ACWA Power committed $10 billion of new investments in the next five years in addition to the already committed $5 billion.
Uzbekistan’s aims to generate 35 percent of its electricity (15,000 MW) from renewable sources by 2030.
24 firms join Dubai International Chamber’s Kazakh mission
Dubai, UAE -- A total of 24 companies headquartered in Dubai, representing 16 economic sectors, have attended a business forum...Astana in Kazakhstan was Dubai International Chambers' second destination under its New Horizons Mission to Central Asia.
The Mission is aimed at driving the international expansion of Dubai businesses into new select markets.
European banking sector is resilient, says ECB
FRANKFURT, GERMANY - The European financial system is "resilient" and has sufficient liquidity, the European Central Bank said Monday, as banking...Switzerland announced that UBS would buy Credit Suisse for $3.25 billion, in a bid to prevent economic turmoil from spreading.
ECB, European Banking Authority, EU's Single Resolution Board said they welcome the actions of the Swiss authorities to ensure financial stability.
Jordan’s ‘Tashgheel’ fetches 20,000 jobs for its citizens in private sector
Amman, Jordan--A government-sponsored program in Jordan has helped place 20,000 people into private sector jobs since its launch in April...The government program aims to provide 60,000 job opportunities in accordance with the private sector's demand
More than 50,000 job seekers registered for the program, 26,258 of whom were female and 26,885 of whom were male
Challenges continue to haunt businesswomen
Women entrepreneurs in the region are overcoming challenges and changing perceptions with support from communities and government initiatives, Nohir Saleh,...Women entrepreneurs in the MENA region face challenges such as skepticism from workers and preconceptions from buyers and suppliers raising prices, says an expert
Support communities and government initiatives are playing a crucial role in empowering women entrepreneurs in the region, adds Nohir Saleh of Incubator Middle East
Japan PM arrives in India to widen trade, technology ties
New Delhi, India--Japanese Prime Minister Fumio Kishida arrived in India on Monday for talks expected to focus on deepening trade and...Japan PM's visit comes in the wake of Australian PM's trip to India, which also saw talks centering around China and trade
India and Japan are expected to announce initiatives on clean energy, digital trade and infrastructure
SIRC buys 60% of Masab Plastic
The PIF-owned firm looks to deepen investment in recycling.According to Saudi Press Agency, the deal is intended to support the company's plan to establish partnership with the private sector
The agreement between the two groups was signed on the sidelines of the Private Sector Forum, which was held from March 14 to March 15
