Economy
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Fourth FTX executive Ryan Salame pleads guilty
A fourth former FTX executive has pleaded guilty in the US in a case stemming from the dramatic collapse and…
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Dubai-based AMEA plans to build green hydrogen plant in Kenya, supported by Softbank
AMEA Power, a Dubai-based renewable-energy company, plans to build a green hydrogen facility in the Kenyan port of Mombasa in…
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Saudi mega construction boom hands builders $250 bln contracts
Saudi Arabia awarded construction contracts worth $250 billion since 2016, when the Kingdom embarked on an ambitious plan to build…
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Australia gas strike delayed until Friday as talks continue
A strike planned to start at two major liquefied natural gas (LNG) facilities in Australia has been delayed as talks…
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IMF projects Saudi Arabia budget deficit at 1.2 percent of GDP in 2023
The International Monetary Fund (IMF) projects Saudi Arabia to swing to a fiscal deficit of 1.2 percent of GDP in…
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Oman wealth fund buys stake in Apple veteran’s battery firm ONE
Oman’s sovereign wealth fund will buy a minority stake in US-based Our Next Energy Inc., which specializes in battery technology…
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Russia intends to boost the weakening ruble
Russia’s central bank announced Wednesday it plans to sharply step-up support for the ruble, which has weakened considerably after 18…
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Germany’s factory orders sharply decline in July
German factory orders fell more than expected in July, official data showed Wednesday, in the latest setback for Europe’s largest…
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Saudi Telecom buys $2.25 billion stake in Spain’s Telefonica
Saudi Telecom Co. is taking a nearly 10 percent stake in Spain’s Telefonica SA for roughly $2.25 billion as the…
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Canada’s Enbridge makes substantial investment of $14 billion in natural gas
Canadian pipeline giant Enbridge announced Tuesday that it is buying three utilities from US-based Dominion Energy in a $14 billion…
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