China’s biggest banks bans new North Korean accounts
China’s biggest banks have banned North Koreans from opening new accounts in an unprecedented move to clamp down on financial flows with the country's...
Abraaj Group invests in Pakistan’s Entertainment sector
The Abraaj Group, a leading investor operating in growth markets, announced it has invested through its fund, in Cinepax Limited, Pakistan’s leading cinema operator.
Arif...
India to sell $1.5bn stake in oil firm
NEW DELHI: India said Friday it will sell a 10 per cent stake in top performing state-run refiner Indian Oil Corporation, the latest effort...
Saudi Arabia invests $2.7B in the entertainment industry
Saudi Arabia’s sovereign wealth fund is creating an entertainment investment company as the kingdom invests in recreational projects. The kingdom’s Public Investment Fund announced Wednesday...
Russia starts building ferry that will link it to North Korea
Moscow (AFP) - The first ever ferry service linking Russia and North Korea was launched on Thursday, the company operating it said, hoping to...
“Finance and enhancing growth, trade and investment, infrastructure, small & medium-sized enterprises, employment, and...
The 11th G20, Group of Twenty, Summit will be held in Hangzhou, Zhejiang on September 4 and 5 under the theme of “Toward an...
Saudi Arabia to launch tenders for 2.8GW nuclear plants
Saudi Arabia is likely to begin the process to find a vendor to build the country’s first nuclear reactors as early as next month,...
China’s central bank: Bitcoin offerings are illegal
Bitcoin has tumbled by the largest amount since July after China’s central bank said initial coin offerings are illegal and asked all related fundraising...
Brunei: when huge wealth, belies tiny size
By Doaa Hussein
A small country with a huge wealth hosts one of the richest few monarchs on the earth, and a tiny, however, prosperous...
Is China facing an economic ordeal?
As the world' second biggest economy, analysts are constantly worried about the situation in China. The global economy has grown increasingly interconnected and any fluctuations...
Russia to boost FX flows to support falling ruble
In response to the weakening ruble, Russia’s Prime Minister Dmitry Medvedev said earlier this week that the government and central bank were preparing measures...
Latest article
Al Molla inspects the Suez Methanol Derivatives Plant in Damietta
Minister of Petroleum and Mineral Resources Tarek Al Molla has inspected the construction work of the Suez Methanol Derivatives Plant in Damietta...
Petroleum Marine Services Company (PMS) Profits increase 28% in 2023
Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla has attended remotely the general assembly of Petroleum Marine Services Company (PMS) which...
Misr Maintenance Company achieves EGP 8.8 bn revenues
The General Assembly of the Misr Maintenance Company was held on Sunday, March 31, where the results of the company’s work for...