Business

British government has agreed to pay tens of millions of pounds for a US fertilizer firm to reverse its decision to shut two plants that had become uneconomic due to the rising gas prices, CNN […]

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Marlboro producer Philip Morris (PMI) made a step toward its announced long term plan to develop smoke-free products and turn itself into a broader healthcare and wellness company, Financial Times reports. The US cigarette maker […]

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Latest figures from the Saudi General Authority for Statistics (Gastat) published Monday show 11% growth in the second quarter of 2021 for Saudi Arabia’s private sector compared to the same period last year, pushing GDP […]

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Saudi Arabia’s state food procurement agency SAGO has announced a tender for the import of 360,000 tonnes of random wheat, Saudi media reported. According to the terms of the tender, the delivery to the grain […]

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Ramping up the battle for dominance in the fledgling sector in the Middle East, US-based EVs maker Lucid Motors announced construction of a factory in Saudi Arabia where it will produce electrical vehicles by 2024, […]

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In an effort to enhance the drive towards carbon neutrality in Saudi Arabia, Saudi Aramco has officially opened a new fibreglass production centre that will help reduce the use of steel rebar in its construction […]

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In a preview of the expected fight for the upcoming 2022 midterm elections, Job Creators Network, small business advocacy group is re-launching next week its Bring Small Businesses Back Bus Tour to highlight concerns over […]

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Ireland’s data privacy watchdog Data Protection Commission (DPC) slapped WhatsApp on Thursday with its biggest ever fine of €225 million ($266 million) for alleged infringements regarding the sharing of personal information with other Facebook-owned companies. […]

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After the French antitrust regulator slapped Google in July with $591 million fine for its non-compliance with an order to present proposals to remunerate publishers for reuse of their content, the US tech giant announced […]

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Russian IT giant Yandex has handed over a billion dollars as part of the deal to buy out US ride-hailing service Uber’s stake in several of their joint ventures, squeezing the American company out of […]

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The recently published 2021 edition of Lloyd’s list of top 100 ports that measures the annual container throughput volumes of global ports in 2020 has placed Jeddah Islamic Port, the largest in Saudi Arabia, on […]

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According to the statement published in the US government’s Federal Register, import duties of more than 200% has been introduced by the US Department of Commerce on several types of steel pipes from Russia. In […]

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Expanding a previous recall of 69,000 older Bolts, General Motors is now recalling all Chevrolet Bolt EV’s sold worldwide due to a battery problem that could cause fires, raising questions about lithium ion batteries which […]

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The Federal Aviation Administration proposed $531,545 in civil fines against 34 airline customers for disruptive behavior on Thursday, increasing the year’s total to almost $1 million, Reuters reports. The number of recorded incidents of passengers […]

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Revel, the company that sees itself as part of a movement to electrify transportation, is testing new business model of ride-hailing service in New York City using only electrical vehicles – Tesla, to be precise- […]

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The petrochemical complex near Corpus Christi, Texas, that ExxonMobil is building together with Saudi Basic Industries Corporation (SABIC) is expected is expected to begin ahead of schedule and operational by the end of 2021, Arab […]

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Poland risks putting in jeopardy future American investments by refusing to renew the license of TVN24, a television station owned by Discovery of the US, Washington warned Warsaw, Politico learns. Only broadcasters that aren’t majority-owned […]

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Bitcoin value went up 8% at $32,160.16 and Ethereum rose 11.6% to $1,993.36 following Electric-car maker Tesla Inc’ Chief Executive Officer Elon Musk comments at the B Word conference on Wednesday that  the company will […]

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