Browsing: Business

The Saudi Food and Drug Authority’s CEO, Dr. Hisham bin Saad Aljadhey, met with a number of British CEOs, businessmen, and representatives of the private sector during his recent visit to the UK. A focus of the visit was on

Russian gas has been cut off to Finland, the third European country that refuses to accept ruble payments. Finland stopped receiving gas from Russia at 7 a.m. local time on Saturday, according to a statement from Gasum. A European Union

As the island nation battles a crippling economic depression, Sri Lanka’s newly appointed prime minister issued a warning of a food shortage, pledging to buy enough fertilizer to enhance productivity in the coming planting season. President Gotabaya Rajapaksa’s decision to

Tesla’s share price collapsed erasing a large chunk of the wealth of the world’s richest man Elon Musk. Musk’s net worth has dropped to $218 billion as Tesla’s shares are down 6.8%, according to Forbes. Musk’s wealth has been diminishing

The United States Treasury Department has imposed severe sanctions against Hezbollah, specifically targeting the group’s financial facilitator, Lebanese businessman Ahmad Jalal Reda Abdallah, and his companies. The Treasury Department’s Office of Foreign Assets Control has sanctioned eight of Abdallah’s companies

Pakistan has banned imports of all non-essential luxury goods in order to stabilize its fragile economy, the minister of information said, calling the situation an economic emergency. Its current account deficit is spiraling out of control, while its foreign exchange

Abdullah bin Touq Al Marri, the UAE Minister of Economy, praised the deep-rooted and historic relationship between the UAE and India, which culminated in the signing of the Comprehensive Economic Partnership Agreement (CEPA). This statement was made during a high-level

In the wake of Income Tax investigations into Chinese mobile phone manufacturers, the Enforcement Directorate in India seized a total of INR 5,510 crores ($7.18 billion) from Xiaomi India. The company has been accused of diverting money to the parent

On Sunday, CEPA, the landmark Comprehensive Economic Partnership Agreement, came into force between India and the United Arab Emirates. CEPA was signed by both countries in February this year and came into force on Monday. In a function held today

The US stock market plummeted on Friday, with the Nasdaq marking its worst month since October 2008 and the S&P notching its worst month since March 2020 at the onset of the Covid pandemic. The tech-heavy Nasdaq fell 4.2%, dragged