Economy
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US holiday air passenger travel tops 2019 pre COVID-19 levels
US holiday air passenger travel topped 2019 pre-COVID levels over the Memorial Day weekend, which typically marks the start of…
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Creator of world’s largest floating waterpark in Jeddah plans Saudi expansion
The company behind the world’s largest floating waterpark – Pure Beach in Jeddah – plans to expand in the ‘El…
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QatarEnergy to sign long-term LNG supply deal with Bangladesh
QatarEnergy will sign a long-term liquefied natural gas (LNG) supply deal with Bangladesh’s state-owned gas company Petrobangla on Thursday, the second Asian…
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Toyota, Daimler Truck merge truck manufacturing subsidiaries to boost margins
Toyota Motor Corp. and Daimler Truck have agreed to merge their truck manufacturing subsidiaries, Hino Motors Ltd. and Mitsubishi Fuso…
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Saudi flour milling company’s IPO pulls in $18 bln of orders
Saudi Arabia’s First Milling Co. set the price for its initial public offering at the top of the marketed range…
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Cash-hungry Adani utility shows funding urgency to power India
As shares of Gautam Adani’s conglomerate recover from an epic rout, the big question looming over the Indian tycoon is…
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Turkey sovereign dollar bonds rise as markets await Erdogan’s economic team
Turkey sovereign bonds rose more than two cents on the dollar on Tuesday as markets waited for President Recep Tayyip…
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Vietnam eyes multi-million-dollar handouts to Samsung in bid to offset global tax
Samsung and other foreign companies are pushing Vietnam to introduce a multi-million-dollar reform that would compensate them for higher levies they face from…
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BRICS Bank invites new members as Saudi Arabia looks to join
The New Development Bank, the lender created by the BRICS group of nations, will widen its membership as it seeks…
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Bearish oil bets slide after Saudis tell speculators to ‘watch out’
Saudi Arabia’s top energy official told short sellers to “watch out” last week. Traders of global benchmark Brent oil were…
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