News

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Sat, 06 Apr 2019 12:22:20 GMT

Russia calls for peace among Libya's politicians

On Saturday, Sergei Lavrov, Russia's Foreign Minister, called on all Libya's political forces to reach an agreement among themselves, while being on his visit to Cairo.

Sat, 06 Apr 2019 11:35:47 GMT

Saudi Aramco to offer $16B contracts to SMEs

Saudi Aramco is set to offer $16B in 140 contracts to small, medium-sized enterprises in the kingdom, according to the Al Arabiya's announcement published on its website on Saturday.

Sat, 06 Apr 2019 11:29:52 GMT

Iran plans to expand power, gas trade with Iraq

On Saturday, the President Hassan Rouhani stated Iran was ready to expand the power and gas trade with the neighbouring Iraq, boosting it to $20B, despite some difficulties caused by the US sanctions imposed against Tehran.

Sat, 06 Apr 2019 10:35:53 GMT

Singapore, Malaysia to stop airspace dispute

Malaysia and Singapore reached an agreement to halt their airspace dispute that lasted for months, the country's transport ministers announced on Saturday.

Sat, 06 Apr 2019 10:19:26 GMT

Commerzbank's CEO says market share too small

Commerzbank's CEO Martin Zielke stated that the lender's market shares was too small, as well as its organic growth, considering a possible merger with Deutsche Bank.

Sat, 06 Apr 2019 09:34:34 GMT

Metropolis Healthcare $174M IPO over-subscribed

The $174M worth initial public offering of India's Metropolis Healthcare was over-subscribed 5.8 times at the book-running process-end on Friday, according to the stock exchange data.

Sat, 06 Apr 2019 09:30:31 GMT

US judge seeks holding CVS merger hearing

The US federal judge is reviewing a deal between CVS Health Corp and the government allowing the pharmacy group to acquire the health insurer Aetna, calling for a hearing in May to discuss the $69B merger.

Sat, 06 Apr 2019 08:20:20 GMT

Hyundai, Tencent to jointly develop software

According to the Maeil Business Newspaper, Tencent Holdings and Hyundai Motor Co have agreed to jointly develop software for self-driving cars.

Sat, 06 Apr 2019 08:17:46 GMT

SAP's Enslin to resign

The German software company SAP stated on Saturday that the chief of its cloud business unit Robert Enslin has made a decision to leave the company.

Sat, 06 Apr 2019 07:23:28 GMT

BHP Group to fire over 500 workers

The BHP Group CEO Peter Beaven stated on Saturday that the company plans to lay off nearly 20% of its 900 white-collar workers.

Sat, 06 Apr 2019 07:19:16 GMT

Hammond hopes for agreement with Labour

The UK Finance Minister Philip Hammond stated on Saturday that the goal of talks between the government and the Labour party was to overcome the Brexit deal deadlock, adding that he hoped reach mutually accepted agreement.

Sat, 06 Apr 2019 05:54:59 GMT

US to sanctions oil shipments from Venezuela to Cuba

On Friday, the United States targeted Cuba's crude oil supply from Venezuela, in a new round of sanctions.

Sat, 06 Apr 2019 05:54:51 GMT

Boeing plans to cut production of 737 MAX aircraft

On Friday, Boeing Co said that it would cut its monthly production of Boeing 737 aircraft by 20%, in the wake of two deadly crashes.

Sat, 06 Apr 2019 05:03:27 GMT

Economists expects Turkey's Central Bank to delay cutting rates

According to a Reuters poll, economists expected the Turkish Central Bank to delay cutting interest rates until July.

Sat, 06 Apr 2019 05:03:18 GMT

Commerzbank and Deutsche Bank favour straightforward merger

According to three sources with knowledge of the matter, Commerzbank and Deutsche Bank favoured merger over holding the company's structure.

Sat, 06 Apr 2019 04:05:29 GMT

World Bank executive board approves Malpass as next President

On Friday, the World Bank executive board has approved the appointment of David Malpass, as the bank's next President.

Sat, 06 Apr 2019 04:05:21 GMT

US considers economic penalty for smuggling of drugs from Mexico

The US President Donald Trump said on Friday that he was looking at an economic penalty for drugs, coming from Mexico.

Sat, 06 Apr 2019 02:53:05 GMT

Hundreds of thousands of Algerians demand radical change

Hundreds of thousands of demonstrators marched through the streets of Algeria on Friday, to demand sweeping change to the country's outdated and opaque political apparatus.

Sat, 06 Apr 2019 02:52:56 GMT

UK's Labour party asks PM May to change her Brexit deal

On Friday, the UK opposition Labour Party urged Prime Minister Theresa May to change her EU withdrawal agreement.

Sat, 06 Apr 2019 02:15:42 GMT

May asks EU to delay Brexit for two months

The UK Prime Minister Theresa May wrote to the European Union on Friday, asking the EU leaders to delay Brexit until June 30.

Sat, 06 Apr 2019 02:13:46 GMT

Saudi Arabia threatens to stop using US Dollar for oil trades

According to sources with knowledge of the matter, Saudi Arabia has threatened to stop using the US Dollar to sell its crude oil, if the United States passes a law, exposing OPEC members.

Fri, 05 Apr 2019 20:00:51 GMT

Apple Music overtakes Spotify in US subscriber count

Apple's streaming music service has overtook its rival Spotify Technology in terms of the US paid subscribers, Reuters reported, gaining 28M users by the February's end, compared with Spotify's 26M paid subscribers.

Fri, 05 Apr 2019 19:55:29 GMT

KKR plans SoftwareONE's IPO

The financial investor KKR plans to launch an initial public offering for the Swiss software company SoftwareONE by hiring Rothschild investment bank, seeking for the group's listing to take place this year.

Fri, 05 Apr 2019 19:30:20 GMT

Boeing sees possible slowdown in production

Boeing and its suppliers are reviewing possible scenarios for the company's future, which includes a slowdown in the planemaker's output of the 737 MAX aircraft, in case the jet model's grounding lasts for months.

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