Riyadh: Saudi Arabia’s sovereign wealth fund has acquired a 40 per cent stake in a joint venture between state energy producer Aramco and Jacobs Engineering Group Inc., according to three people familiar with the matter. The Public Investment Fund acquired 30 per cent of Saudi Arabian Oil Co.’s stake in Jasara Program Management Co. and […]
(Bloomberg) – A group of lenders led by State Bank of India, the country’s largest, foresees further distress in the nation’s bad-debt laden financial sector unless a recent court ruling in a closely watched insolvency case isn’t overturned. An Indian court earlier this month allowed ArcelorMittal’s $6 billion purchase of Essar Steel, and also modified […]
Abu Dhabi: The Khalifa Fund for Enterprise Development (KFED) on Tuesday announced the signing of a strategic $100 million (Dh368) partnership agreement with the Ethiopian Ministry of Finance to help promote a culture of innovation and to finance prominent projects in the Federal Democratic Republic of Ethiopia. The agreement was signed by Hussain Jasim Al […]
Washington: US retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the drag on the economy from weak business investment. The report from the Commerce Department on Tuesday did not change market expectations that the Federal Reserve will cut interest rates this month for […]
Beijing: China on Tuesday rebuffed a suggestion from US President Donald Trump that Beijing needs a trade deal with the United States because its economy was slowing, saying this was “totally misleading” and that both countries wanted an agreement. Trump, in a Monday tweet, seized on slowing economic growth in China as evidence that US […]
Even as airfares remain high, Indian expats were happy at the positive move from Pakistan.
This is apart from the 7kg that the traveller can carry as hand luggage.
President Donald Trump said Tuesday he wants his administration to “take a look” into whether Google has been working More…
Dubai: The UAE, represented by Ministry of Finance, signed an agreement to encourage and protect mutual investments with Gambia at the ministry’s headquarters in Abu Dhabi. Obaid Humaid Al Tayer, UAE Minister of State for Financial Affairs, and Mamboury Njie, Minister of Finance and Economic Affairs of Gambia, signed the agreement in the presence of […]
Some wives who were planning to sponsor their husbands had expressed confusion.