Browsing: Business
A Term Sheet and a Head of Terms agreement have been signed between AD Ports Group and the Red Sea Ports Authority for major port projects along Egypt’s coastline. In the first agreement, AD Ports Group will develop, operate, and
After a sudden 8% decline in Swedish stocks, Citigroup Inc. said its London trading desk caused a flash crash in Europe that sent shares across the continent tumbling. A trader at the New York-based bank made an error when entering
According to the Saudi General Authority for Statistics (GASTAT), it has published on its website flash estimates of Saudi gross domestic product (GDP) growth for the first quarter of 2022. In the first quarter of 2022, the Saudi GDP grew
A survey released on Saturday showed that the manufacturing sector in China fell to a six-month slump in April due to lockdowns that were carried out in Shanghai and other manufacturing hubs in the wake of COVID-19 outbreaks that were
The US stock market plummeted on Friday, with the Nasdaq marking its worst month since October 2008 and the S&P notching its worst month since March 2020 at the onset of the Covid pandemic. The tech-heavy Nasdaq fell 4.2%, dragged
Egypt President Abdel Fattah El-Sisi met with Prime Minister Dr. Mostafa Madbouly, Minister of Trade and Industry Mrs. Nevine Gamea, Director General of the National Service Projects Organization (NSPO) of the Armed Forces Maj Gen Walid Abul-Magd, and Chairman of
Bahrain’s Industry, Commerce and Tourism Minister Zayed bin Rashid Al Zayani received the Egyptian Ambassador to Bahrain Yasser Shaaban. The Ambassador delivered the Bahrain sea to air logistics agreement in accordance with Egypt’s status as an official partner for sea
Tesla’s stock dropped 11 percent after the announcement of Elon Musk’s Twitter deal. Investor concerns with Musk’s $44 billion purchase of Twitter may explain some of the decline, as the decline came just one day after the board approved Musk’s
Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA’ZIZ) and Reliance Industries Limited (RIL), have signed the formal Shareholder Agreement for the TA’ZIZ EDC & PVC project. Reliance is India’s largest diversified conglomerate and a strategic partner with Abu Dhabi National
The annual inflation rate in Lebanon is the highest in the world according to recently announced Bloomberg data. As the financial meltdown in the Middle East nation worsens, Lebanon’s inflation rate has risen to the highest of all the countries