News

Note: This section contains information in English only.
Sun, 20 May 2018 13:56:07 GMT

Swiss Re to leave Iran after new US sanctions

Swiss Reinsurance Co is set to cease its business in the Islamic Republic of Iran, following the US decision to abandon the Iran deal and impose new sanctions on the country.

Sun, 20 May 2018 13:21:54 GMT

Ghabbout Auto to offer its unit on EGX by 2020

The Egyptian auto manufacturer Ghabbout Auto plans to offer its financial investment business GB Capital on the Egyptian Exchange by 2020.

Sun, 20 May 2018 13:20:47 GMT

Macedonia's opposition party rejects changing country's name

VMRO-DPMNE, the main opposition party in Macedonia, has rejected the proposal of the Prime Minister Zoran Zaev to change the country's name to Republic of Ilinden Macedonia.

Sun, 20 May 2018 12:01:27 GMT

Spain to keep control over Catalonia

According to the El Pais newspaper, the Prime Minister of Spain Mariano Rajoy intends to keep control of the central government over Catalonia, as the region's leader nominated various exiled or jailed politicians to his cabinet.

Sun, 20 May 2018 12:01:20 GMT

Head of LG Group dies at 73

Koo Bon-moo, the Chairman of South Korea's fourth-largest conglomerate LG Group, died on Sunday from severe brain illness, which he tried to beat for a year.

Sun, 20 May 2018 11:02:00 GMT

Montenegro to build wall on Albanian border

A government official stated on Sunday that Montenegro is considering construction of a fence on its frontier with Albania in order to stop the flow of illegal migrants from the Middle East to Europe.

Sun, 20 May 2018 11:01:53 GMT

Vatican to nominate 14 new cardinals next month

In a weekly adress to parishioners the head of Vatican and Catholic church Pope Francis announced that he would nominate 14 new cardinals at the consistory on June 29.

Sun, 20 May 2018 10:03:59 GMT

Scotland to consider independence once again

The First Minister of Scotland Nicola Sturgeon stated on Sunday that once the UK government brings more clarity over Brexit it will consider organisation of a new independence vote.

Sun, 20 May 2018 10:03:50 GMT

EU to consider compensation to firms hit by US sanctions

The Finance Minister of France Bruno Le Maire stated on Sunday that the EU could consider the question of material compensation for companies that were hit by the new set of sanctions imposed by the US against Iran.

Sun, 20 May 2018 09:08:51 GMT

Chinese bombers land on South China Sea island

The Chinese Defence Ministry said on Sunday it has successfully organized take-off and landing as well as assault training for multiple H-6K bombers on the South China Sea islands.

Sun, 20 May 2018 09:03:34 GMT

Italian League to form coalition with 5-Star

The Italian far-right League party asked its supporters to back formation of coalition with the 5-Star Movement, as it will allow to realize planned pension reform, tax cuts and increase welfare payments.

Sun, 20 May 2018 08:26:23 GMT

RAG Foundation buys 4.5% stake in Pfandbriefbank

RAG Foundation, Germany's public sector trust, has acquired a 4.5% stake in the property lender Deutsche Pfandbriefbank from the state-owned Hypo Real Estate.

Sun, 20 May 2018 08:19:50 GMT

Trump calls on US Postal Service to lift package rates for Amazon

According to the Washington Post's report, the President Donald Trump urged the US Postal Service to double the package rates it charges from Amazon.com and other firms.

Sun, 20 May 2018 07:34:48 GMT

France's LDC, Saudi Al-Munajem to buy Doux assets

The French largest poultry firm LDC and Saudi Arabia's food group Al-Munajem are planning to purchase the production sites of the poultry processor Doux, aiming to safeguard about 1,2K jobs at the firm.

Sun, 20 May 2018 07:30:00 GMT

HNA Airport Group plans to double investment in Plovdiv airport

On Friday, the Bulgarian transport ministry stated that China's HNA Airport Group is set to double its investment in Plovdiv's airport for maintenance and repair.

Sun, 20 May 2018 06:36:40 GMT

China views NXP-Qualcomm deal more optimistic

Qualcomm's deal to acquire the Dutch chipmaker NXP Semiconductors for $44B seems "more optimistic now" a Beijing official stated.

Sun, 20 May 2018 06:33:05 GMT

GS Acquisition Holdings launches IPO of almost $600M

The Goldman Sachs-backed blank-check firm GS Acquisition Holdings has filed for an IPO n Friday of up to $600M, seeking to offer 60M units, valuing at $10 each.

Sun, 20 May 2018 04:52:14 GMT

UNWTO: China becomes leader in tourism spending

Tourism spending in China increased by $8B to $258B in 2017, thus becoming the global leader in tourism expenditure, as reported by the UNWTO World Tourism Barometer.

Sun, 20 May 2018 04:51:53 GMT

Porsche to recall 60k vehicles due to faulty software

According to the German driving licencing authority KBA, Porsche is to recall around 60,000 vehicles due to faulty emissions-defeat software.

Sun, 20 May 2018 04:08:37 GMT

China to increase US imports

China has agreed to increase goods and services imports from the United States without setting a specific target, as reported by both countries.

Sun, 20 May 2018 04:07:20 GMT

Newspaper: China, EU, Russia discuss new Iran deal

China, the EU and Russia are in talks to form a new accord for Iran aimed at curbing its missile development program, the German newspaper Welt am Sonntag reported on Sunday.

Sat, 19 May 2018 19:55:42 GMT

Singaporean PM meets with Malaysian PM

The Malaysian Prime Minister Mahathir Mohamad met with his Singaporean counterpart Lee Hsien on Saturday to discuss bilateral ties and the Kuala Lumpur-Singapore High Speed Rail project.

Sat, 19 May 2018 19:54:50 GMT

Myanmar calls foreign investors in insurance sector

Myanmar authorities invite foreign investors in the country's insurance sector, the official Global New Light of Myanmar reports.

Sat, 19 May 2018 19:20:21 GMT

China steel prices recover on increasing demand

Steel prices in China are slowly rising as market demand increased in April, the latest data from an industry association shows.

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