News

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Mon, 14 May 2018 04:36:43 GMT

VMMEA attracts $30M in pre-listing financing

Virgin Mobile Middle East and Africa, part-owned by the British entrepreneur Richard Branson's Vigrin Group, raised $30B through the Islamic bonds right ahead of the proposed IPO.

Mon, 14 May 2018 02:59:48 GMT

Japan Airlines to create low-cost carrier

Japan Airlines stated on Monday that the company would create a low-cost carrier, which is likely to offer medium to long-distance flights.

Mon, 14 May 2018 02:59:03 GMT

UK may lose influence on EU defence and security policy

Britain could lose the country's influence on the European Unions defence and security policy, as it leaves the bloc, the preliminary report showed.

Mon, 14 May 2018 02:40:49 GMT

Xerox ends Fujifilm deal, settles with Deason, Icahn

Xerox Corp stated that the company wa ending a planned $6.1B deal with Fujifilm, while reaching a settlement with Darwin Deason and Carl Icahn.

Mon, 14 May 2018 02:37:36 GMT

HSBC performs first trade transaction via blockchain

HSBC Holdings stated that it performed the first ever trade finance transaction with the use of blockchain technology, the main step in reducing errors and boosting efficiency in the international trade funding.

Sun, 13 May 2018 19:53:15 GMT

Cadence Bancorp to buy State Bank Financial for $1.4B

Cadence Bancorp has agreed to purchase and merge with State Bank Financial Corporation in an all-stock deal worth around $1.4B.

Sun, 13 May 2018 19:52:49 GMT

ConocoPhillips seizes oil products of Venezuela's PDVSA

Curacao's Minister of Economic Development said the US-based ConocoPhillips had confiscated products of the Venezuelan state-owned oil company PDVSA's refinery on the island.

Sun, 13 May 2018 18:55:11 GMT

May: EU, UK remain committed to Iran nuclear deal

The British Prime Minister Theresa May said on Sunday that the UK and the EU remained committed to the Iran nuclear deal, thus requesting further fulfilment of its obligations.

Sun, 13 May 2018 18:54:45 GMT

HSBC sees 20.5% growth in March remittances MoM

The UK-based HSBC expect to see a 20.5% increase month-on-month in March remittances, thus following two consecutive months of contraction.

Sun, 13 May 2018 18:01:37 GMT

Mass says difficulties may arise to protect European companies in Iran

The German Foreign Minister Heiko Maas explained on Sunday that it would not be an easy task to protect European companies that do business with Iran from US sanctions.

Sun, 13 May 2018 17:59:19 GMT

ADNOC plans $45B investment to increase market share

The Abu Dhabi National Oil Company is set to invest $45B during the next five years with the aim to strengthen its presence in the market.

Sun, 13 May 2018 17:03:52 GMT

Canada's PM sees soon agreement on NAFTA

The Canadian Prime Minister Justin Trudeau told media on Sunday that he remained optimistic about a soon agreement on the new NAFTA deal.

Sun, 13 May 2018 17:02:55 GMT

Al Mazaya's net profit plunges 29% in Q1Y2018

The Kuwait-based property developer Al Mazaya Holding reported on Sunday a 29% plunge in its net profit to $4.47M during the first quarter of 2018.

Sun, 13 May 2018 16:16:47 GMT

Trump, Jinping work together to restart ZTE

The US President Donald Trump and his Chinese counterpart Xi Jinping are collaborating in order to help the technology company ZTE to restart its operations.

Sun, 13 May 2018 16:10:16 GMT

Nigeria's Abubakar to privatise state-owned oil company if elected

The Nigerian former Vice President Atiku Abubakar plans to privatise a part of the state-owned oil company Nigerian National Petroleum Corporation if elected the President.

Sun, 13 May 2018 15:11:55 GMT

Russians protest blocking of Telegram

Hundreds of Russians protested on Sunday against the government's decision to block the popular messaging application Telegram.

Sun, 13 May 2018 15:11:34 GMT

Pompeo: US companies could invest in NK if it continues denuclearisation

The US Secretary of State Mike Pompeo said on Sunday that American companies would be allowed to invest in North Korea if it ended its nuclear program.

Sun, 13 May 2018 14:20:41 GMT

Bolton says sanctions on European companies in Iran ‘possible'

According to the US National Security Adviser John Bolton, European companies which do business with Iran might face sanctions after the US withdraws from the Iran nuclear deal.

Sun, 13 May 2018 14:13:08 GMT

Qualcomm, Google to develop new SoC for smartwatches

Qualcomm and Google are set to develop a new system on a chip for smartwatches to ensure longer battery life and additional features for health and fitness monitoring.

Sun, 13 May 2018 11:36:20 GMT

Trump wants government to reach funding deal before August

The US President Donald Trump stated that the Congress must reach a deal to finance the federal government before August break or lawmakers would need to stay in Washington.

Sun, 13 May 2018 11:34:47 GMT

Conoco authorised to possess $636M in PDVSA assets

ConocoPhillips was authorised by Curacao court to posses nearly $636M in assets, which belonged to Vebezuela's state oil firm PDVSA, amid the 2007 year's nationalisation of the US company's projects.

Sun, 13 May 2018 10:11:49 GMT

Madagascar President lifts limitations on opposition candidates

The Madagascar President has lifted the restrictions that prevented the main opposition candidates from running for the office; a move that caused a political crisis and fatal street demonstrations.

Sun, 13 May 2018 09:56:23 GMT

US Appeals Court resumes challenge to Seattle law on Uber, Lyft union

The US Court of Appeal has revived a challenge to Seattle's law that was set to allow Lyft, Uber Technologies or other ride-hailing services' drivers to unionise.

Sun, 13 May 2018 09:31:23 GMT

Rouhani: Tehran to remain part of 2015 nuclear agreement

On Sunday, Iran's President Hassan Rouhani stated that Iran would stick to its 2015 nuclear accord if Tehran's interests could be protected, calling the US withdrawal from the deal a "violation of morals".

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