20 Saudi state-owned companies in across sectors are slated to be privatized in 2019. In yet another step aimed at diversifying Saudi Arabia’s economy, Crown Prince Mohammed bin Salman disclosed, the Kingdom will privatize more than 20 companies next year…. Read More ›
Swiss authorities have begun sharing account data with countries who meet international requirements on confidentiality and data security. This strategic move has placed Switzerland in fierce competition with fast-growing economies including Singapore and Hong Kong. In a significant development that… Read More ›
This is coming from diplomats who were present at the negotiations. According to two sources present at the meeting where Brexit negotiations are being discussed, a divorce deal with Britain is “very close” to being realized. Both sides are pushing… Read More ›
Feeling the pinch of being too dependent on one nation for the sale of its agricultural products, the trade war has made the U.S. realize that it needs to diversify its agricultural trade exports. U.S. Agriculture Secretary Sonny Perdue has… Read More ›
The investment will be across several years and will see its capacity increase from its current 12 million bpd. On Thursday, Saudi Arabia’s energy minister Khalid al-Falih said, the Kingdom will invest $20 billion in the coming years to maintain… Read More ›
The capacity expansion was supposed to pave the way for it to replace Dubai International, currently the world’s busiest for international travelers, and to become the new base of airline Emirates. A timeframe for completion has not been provided. According… Read More ›
The CEO of Skoda Auto, a unit of VW, disclosed this news, which could potentially involve making a new auto plan, at the Paris car show. Bernhard Maier, the Chief Executive of Volkswagen’s Czechoslovakian brand Skoda Auto stated, the carmaker… Read More ›
Although Britain is set to leave the EU in March 29, 2019, it has agreed to pay its share of debts and liabilities assumed by the EU until the end of 2020. According to EU data released on Thursday, Britain’s… Read More ›
The deal marks HSBC Amanah’s efforts to integrate the religious principles of Islamic finance with the U.N’s sustainable development goals. The Malaysian Islamic banking arm of HSBC Holdings, HSBC Amanah, stated it has raised $120.63 million (500 million ringgit) worth… Read More ›
The potential development comes ahead of the introduction of global shipping fuel rules, set to be introduced in 2020, which see sulphur component in marine fuel dip to 0.5% from 3.5%. According to a senior executive from Exxon Mobil Corp,… Read More ›
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