Diriyah Company Awards Major Contract for Landmark Arena Project
Saudi Arabia’s Diriyah Company has awarded a contract worth SAR5.75 billion to the branch of China Harbour Engineering Company Ltd. for the construction works of…
Category: BUSINESS
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Wizz Air pulling out of Abu Dhabi and the Middle East?
Wizz Air is permanently withdrawing from Abu Dhabi and putting an end to its expansion in the Middle East. The Hungarian ultra-low-cost carrier announced the closure of its Middle East…
Masdar announces divestment of its stake to Tadweer Group
Abu Dhabi Future Energy Company – Masdar, one of the world’s leading renewable energy companies, on Wednesday announced the divestment of its stake, subject to…
Nvidia says it will restart AI chip sales to China
US technology giant Nvidia says it will soon resume sales of its high-end artificial intelligence (AI) chips to China. The US government has assured the…
China Exports Beat Forecasts in June after US Tariff Truce
China’s exports rose more than expected in June, official data showed Monday, after Washington and Beijing agreed a tentative deal to lower swingeing tariffs on…
Saudi Arabia Emerges as Global Hub for Billion-Dollar Startups
Saudi Arabia is rapidly establishing itself as a global center for billion-dollar startups, known as “unicorns,” by cultivating an innovation-driven environment. These high-growth companies –…
European Trade Ministers Meet to Forge Strategy after Surprise 30% Tariffs from Trump
European trade ministers are meeting in Brussels on Monday, following US President Donald Trump’s surprise announcement of 30% tariffs on the European Union. The EU…
Trump announces new 35% tariff on Canadian imports
US President Donald Trump announced plans to impose a 35% tariff on all imports from Canada, effective August 1, in response to Ottawa’s recent tariffs…
Trump sets 50% tariff rate for Brazil, blasting treatment of former far-right president
President Trump broke from his tariff letter format to tell the president of Brazil that he plans to put a 50% tariff on “any and…
Canada seeks pact with Southeast Asian countries to diversify trade
Canada is seeking to finalise a free trade deal with Southeast Asian nations as part of a push to expand into new markets, its top…