Economy
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New industrial licenses surge 16.6 pct after Abu Dhabi Industrial Strategy launch
The Abu Dhabi Industrial Strategy (ADIS) launched in June 2022 has accelerated the transformation of the emirate’s manufacturing sector, strengthening…
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Nigeria files graft charges against detained and suspended central bank chief
Nigerian prosecutors filed a 20-count indictment against suspended and detained central bank governor Godwin Emefiele on Tuesday, one of them accusing…
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Sweden to donate ammo, spare parts worth $300 million to Ukraine
Sweden’s government said Tuesday that it would donate to Ukraine ammunition and spare parts for previously donated weapon systems worth…
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China issues guidelines in bid to optimize, attract foreign investment
China’s State Council issued guidelines on Sunday that it said would further optimize the country’s foreign investment environment and attract…
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Oman posts $1.7 bln budget surplus in first half of 2023 based on moderate oil price
Oman posted a budget surplus of $1.71 billion (656 million rials) at the end of the first half of 2023,…
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Planned cage fight between Musk, Zuckerberg to be held at ‘epic location’ in Italy
Tesla boss Elon Musk said on Friday his planned cage fight with billionaire rival Mark Zuckerberg would be held at an “epic…
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Olam Group expects agricultural unit’s Singapore-Saudi dual IPO by 2024 first half
Singapore’s Olam Group said on Friday it is targeting the IPO of its agricultural unit by the first half…
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WeWork: Shares slide as it raises ‘substantial doubt’ over future
Shares of WeWork, the once globally hyped office space sharing company, have plunged after it raised “substantial doubt” about its…
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Italian banks hit with surprise windfall tax
Italy has passed a one-off 40% tax on the profits banks earn from higher interest rates, in a shock move…
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BRICS summit, economic shift: Exploring a new currency and possible de-dollarization
Talk of developing a new BRICS currency to minimize the dominance of the US dollar is gaining momentum as leaders from Brazil,…
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