Smolyan, Bulgaria -- At a prison nestled deep in Bulgaria's southern Rhodope mountains, Georgi Filyanov stirs a large tank of...
- Shares rally after the disclosure, better than some forecasts.
Finance Minister Bruno Le Maire gave no details of Monday's talks with Musk, saying simply that "all of today's investments...The two men will talk about the "attractiveness of France and its industries", Macron's office announced, with the head of state hoping for fresh investment
Finance Minister of France told that "negotiations are ongoing" with the Musk, who is in Paris for a meeting of 200 foreign business leaders with the French government
By swallowing up Newcrest, the US mining giant will cement its position as the world's biggest gold producer, with operations...Melbourne-based Newcrest's shareholders will receive 0.4 of the US firm's shares for each Newcrest share, giving them 31 percent of the combined group
The Newmont expects to deliver US$500 million in annual "synergies" and to generate an estimated US$2 billion in cash flow as a result of the takeover
Dubai, UAE-- Oman and Etihad Rail Company, the operator of the UAE-Oman Rail Network, has signed a memorandum of understanding...The signing of the agreement between the two will explore the possibility of transportation of iron ore between the UAE and Oman, linking it up with Vale's unit in Sohar Port
According to Suhail Mohammed al Mazrouei, UAE’s Minister of Energy and Infrastructure, the agreement is in line with the country's desire to set up partnerships with big companies
- Oil alone will make up almost 29 percent of the world’s energy needs by 2045, requiring an investment of over...
OPEC member countries are ready to play a key role in providing energy to the world and in reducing emissions, Al Ghais said
The oil industry, he said, needs a long-term, investment-friendly climate that works for producers and consumers
The government sold a 9.5% stake for US$121.6mn.The North African country desperately needs privatization in order to meet a series of foreign debt obligations over the next few months
When the two-part sale is complete, it will bring down the Egyptian government's stake in Telecom Egypt down to 70 percent from 80 percent
The luxury markets in the GCC region are experiencing significant growth, driven by an increasing demand for high-end products. Despite...With increasing purchasing power and evolving consumer lifestyles, the luxury watches and jewelry market in the GCC region is expected to continue its upward trajectory
The number of watch and jewelry collectors is growing in the GCC region, leading to an overall increase in luxury goods and related events, particularly in Saudi Arabia
Riyadh, Saudi Arabia -- Saudi Arabia's insurance sector grew by 26.9 percent in 2022, bringing gross written premiums to SAR...SAMA said in the 16th Saudi insurance market annual report that health, protection and savings, and motor insurance recorded significant increases in gross written premiums.
The penetration ratio to non-oil GDP increased from 1.91 percent in 2021 to 2.09 percent in 2022. The overall loss ratio remained unchanged at 83.4 percent in 2022.
ABU DHABI, UAE - The Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced its sponsorship of the Emirates Labor...The award aims to recognize the efforts of leading private sector entities and outstanding individuals and highlight successful practices in the labor market.
The Chamber plays a leading role in supporting national projects and supports increasing the labor market's productivity, efficiency and competitiveness.
- TEHRAN, IRAN - Iranian authorities have arrested eight people for "leading" a workers' strike at a key gas site in the...
An official said intelligence services arrested eight main leaders of the workers' strike at a gas site in Iran's south.
The gas site is also knows as having the world's largest reserve and employs around 40,000 people.
- The emirate achieved an 89.5 percent year-on-year growth in 2022 and Foreign Direct Investment capital inflows of $12.79 billion. The...
These exceptional achievements support the strategic vision outlined by the Dubai Economic Agenda D33, Sheikh Hamdan said.
Dubai ranked first globally in attracting greenfield FDI projects in 2021, up from the third spot in 2020. It had attracted 418 freenfield FDI projects.
