Geneva, Switzerland - Senior US and Chinese officials were meeting in Geneva Saturday in what Chinese state media described as...
Buffett transformed Berkshire Hathaway from a medium-sized textile company when he bought it in the 1960s into a giant conglomerate,
Jeddah, Saudi Arabia--The Islamic Development Bank (IsDB) Group has signed 77 financing agreements worth $5.4 billion with 24 member countries...The 77 agreements look to develop projects in sectors such as health, agriculture, food security, transport, energy, education, and humanitarian relief
President of the IsDB Group said the discussion with the member states covered a range of development issues and the future of the IsDB Group
Tehran, Iran--Iran's trade with six Arab states has vaulted to $35.11 billion in the fiscal year of 2022-2023, according to...Iran traded 58.25 million tons of goods worth $35.11 billion with Iraq, Kuwait, Qatar, the UAE, Bahrain and Saudi Arabia during the fiscal 2022-2023
The Islamic Republic's top business partner among the Arab countries was the UAE, trading 24.35 million tons of goods worth $24.16 billion
BRUSSELS, BELGIUM - The EU imported US$524 billion (€482 billion) worth of high-tech products from extra-EU countries in 2022 (+22...In 2022, over half of the EU’s high-tech imports from non-EU countries came from China (US$199 billion) and the United States (US$99 billion).
The most significant category of high-tech products imported from non-EU countries was electronics-telecommunications (US$219 billion).
ABU DHABI, UAE - Emirates Development Bank (EDB) displayed its flexible and customized financing solutions in the Annual Investment Meeting,...The Bank offers financing solutions with flexible terms for industrial companies and projects with high developmental impact.
Financing options include capex financing, advanced technology adoption financing, renewable and energy efficiency financing.
ABU DHABI, UAE- Oman and Etihad Rail Company signed an agreement with Vale, one of the world’s largest mining companies,...The deal says both parties will work to develop integrated logistics solutions that connect Vale’s industrial complex in Sohar Port and Freezone.
Ahmed Al Musawa Al Hashemi, CEO of the Oman and Etihad Rail Company, and Rogerio Nogueira, official at Vale signed the deal.
- One of Vietnam's largest shoe manufacturers for brands such as Nike and Adidas will cut thousands of workers at the...
PouYuen Vietnam told local authorities it would lay off almost 6,000 workers with permanent contracts from the end of next month.
"This will be the biggest layoff since PouYuen started its operation in Ho Chi Minh City in 1996," the state media outlet said.
- Amman, Jordan - Jordan's trade exchanges with the Association of Southeast Asian Nations (ASEAN) surged by 42% in 2022 compared...
The kingdom's trade exchanges with ASEAN reached $1.8 billion in 2022, up from $1.3 billion in 2021
Jordan's national exports to ASEAN countries amounted to $279 million and re-exports were valued at $17,000
DUBAI, UAE - The UAE presented its legislative ecosystem - which regulates the local labor market, provides social security and...Several UAE federal, local government entities and civil society organizations were part of the delegation.
The new labor legislations include provisions that prohibit discrimination on all grounds as defined in international conventions.
- Riyadh, Saudi Arabia-- Saudi Arabia and Iran have discussed ways to strengthen the ties between the two countries in a...
The Iranian minister described the expansion of the Saudi-Iranian relations as a "win-win" development
The two ministers met in Jeddah on the sidelines of the Islamic Development Bank Group's conference
- The profit rose to US$22mn on the back of higher revenue.
The company's revenue soared to $240 million, a jump of 12.7 percent, and EBITDA went up to $43 million, an increase of 21 percent
It is looking to make additions to its capacity for tiles, sanitaryware and tableware division in the United Arab Emirates
