News

Note: This section contains information in English only.
Mon, 09 Mar 2020 15:41:25 GMT

UK to produce draft FTA before next EU talks

Britain stated that it intended to produce a draft trade deal before the next round of country's negotiations with the EU later in March.

Mon, 09 Mar 2020 14:55:55 GMT

Saudi Arabia plans to fine people for concealing health details

On Monday, Saudi Arabia stated it would introduce a fine of about $133K on people who refuse to disclose their health and travel details at the entry points, in the Gulf state's efforts to prevent the coronavirus spread.

Mon, 09 Mar 2020 14:37:41 GMT

Twitter clinches deal with Silver Lake, Elliott

On Monday, Twitter Inc announced it had struck a deal with Silver Lake and Elliott Management, granting a board seat to each after the hedge fund's push for its CEO Jack Dorsey removal.

Mon, 09 Mar 2020 12:41:42 GMT

Malaysia's PM names CIMB CEO as new FinMin

On Monday, Muhyiddin Yassin, Malaysia's new Prime Minister, appointed the CIMB Group's Chief Executive as the country's new Finance Minister.

Mon, 09 Mar 2020 11:48:10 GMT

Japan to raise special financing for coronavirus companies

Japan is set to bolster special financing for mid-size and small companies hit by the coronavirus outbreak to $15.6B, Reuters reported on Monday.

Mon, 09 Mar 2020 10:41:15 GMT

Apple sales fall in China

On Monday, Apple revealed that it had sold less than 500,000 new smartphones in China in February. In February 2019, the company sold 1.27 million smartphones.

Mon, 09 Mar 2020 09:18:55 GMT

Nissan's China car sales plunge 80% in February

Nissan Motor's vehicle sales in China, the carmaker's largest market, tumbled 80% to 15,111 units in February due to the coronavirus outbreak that sapped demand, the Japanese firm said on Monday.

Mon, 09 Mar 2020 08:01:11 GMT

Goldman trims Brent outlook to $30 per barrel

Goldman Sachs trimmed its Q2 and Q3 forecasts for Brent price to $30 per barrel due to the Russia-Saudi Arabia oil price war and a major collapse in demand for crude oil amid the coronavirus outbreak that has claimed lives of over 3,500 people globally.

Mon, 09 Mar 2020 07:37:33 GMT

CP Group to acquire Tesco's Thai, Malaysian businesses

Charoen Pokphand Group is set to acquire up to 86.9% of the British retailer Tesco's Thai business and 100% of its business in Malaysia in a deal worth $10.6B.

Mon, 09 Mar 2020 05:57:24 GMT

Cathay to deliver to Japan cargoes only

Cathay Pacific Airways stated on Monday that its flights to Japan would be limited to cargo delivery only because of the outbreak of coronavirus.

Mon, 09 Mar 2020 05:13:11 GMT

Oil prices down 32%

Crude oil prices plummeted by $13.29 or 32% on Monday morning, reaching $27.99 a barrel, as Saudi Arabia announced plans of substantial production increase next month amid coronavirus.

Mon, 09 Mar 2020 03:55:12 GMT

Sunak under pressure to fund fight against coronavirus

Rishi Sunak, the newly appointed Britain's Chancellor of the Exchequer, said that he is looking for ways to relax spending limit due to the coronavirus outbreak.

Mon, 09 Mar 2020 03:03:21 GMT

ECB asks employee to work from home

On Sunday, a spokesperson for the European Central Bank said that the bank has ordered most of its employees to work remotely from home on March 9.

Sun, 08 Mar 2020 20:44:29 GMT

Saudi take measures against coronavirus

Hamad Al-Sheikh, the Education Minister of Saudi Arabia, announced on Sunday the temporary shutdown of schools, universities and other public institutions amid the outbreak of coronavirus.

Sun, 08 Mar 2020 20:36:46 GMT

Erdogan to visit Brussels

The Turkish President Tayyip Erdogan is planning to visit Brussels tomorrow and have a meeting at the European Council devoted to bilateral relations between the block and Turkey.

Sun, 08 Mar 2020 19:04:50 GMT

US trade deficit narrows

The US trade deficit narrowed 6.7% to $45.3B in January as imports declined faster than exports, a report published by the Commerce Department shows.

Sun, 08 Mar 2020 18:00:20 GMT

China steel sector contracts

China's steel sector contracted in February as market demand deteriorated amid the outbreak of coronavirus, the China Federation of Logistics and Purchasing reports.

Sun, 08 Mar 2020 17:00:21 GMT

China oil, petrochemical sector shows revenue growth

China's oil and petrochemical sector has shown revenue growth despite a decline in net profit, the China Petroleum and Chemical Industry Federation reports.

Sun, 08 Mar 2020 15:59:18 GMT

Egypt, Sudan to improve relations

The Egyptian President Abdel-Fattah al-Sisi and the Chairman of Sudan's Sovereign Council Abdel Fattah al-Burhan have agreed to improve bilateral relations.

Sun, 08 Mar 2020 15:30:50 GMT

Israel, US to invest $30M in R&D projects

Israel and the US plan to invest a total of around $30M in several energy R&D projects, a statement published by the Israeli Ministry of Energy shows.

Sun, 08 Mar 2020 14:02:46 GMT

Morocco, Liberia to strengthen ties

The Liberian Minister of Foreign Affairs Gbehzohngar Findley and his Moroccan counterpart Nasser Bourita have agreed to strengthen bilateral relations.

Sun, 08 Mar 2020 12:45:40 GMT

IranAir halts all flights to EU destinations

IranAir has suspended all flights to Europe until further notice, the IRNA news outlet announced on Sunday, potentially due to the coronavirus outbreak in the country.

Sun, 08 Mar 2020 11:42:55 GMT

IKEA to resume nine store operations in China

IKEA, the world's largest furniture brand, announced it was reopening nine Chinese stores this weekend, following a massive shutdown of all of its 30 stores in China in January amid the coronavirus outbreak.

Sun, 08 Mar 2020 11:14:05 GMT

Israel to spend $1.2B to tackle coronavirus consequences

The Prime Minister of Israel Benjamin Netanyahu announced on Sunday that the government would establish a $1.2B fund that would help local companies to overcome the consequences of coronavirus.

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