Business & Economy

DHAHRAN, Dec 9 (SPA/APP): The Saudi Arabian Oil Company “Aramco”, one of the world’s leading integrated energy and chemicals companies, and Shandong Energy Group, are exploring collaboration on integrated refining and petrochemical opportunities in China. The companies have signed a Memorandum of Understanding (MoU) which […]

Alicante, Spain, Dec 9 (AFP/APP): An ambitious underwater pipeline to bring green hydrogen from the Iberian Peninsula to the rest of Europe will be completed by 2030 and will cost some 2.5 billion euros, the leaders of France, Spain and Portugal said Friday. The H2Med […]

BEIJING, Dec 9 (XINHUA/APP): China will issue 750 billion yuan (about 108 billion U.S. dollars) worth of three-year special treasury bonds to bolster its economy, the finance ministry said on Friday. The notes will be issued on Dec. 12, and will be targeted and issued […]

RIYADH, Dec 9 (SPA/APP):The Kingdom of Saudi Arabia has signed a strategic partnership for cooperation in the fields of digital economy with the People’s Republic of China, as part of the framework of the current official visit of President Xi Jinping of the People’s Republic […]

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued a concept paper on Risk Based Capital (RBC) Regime, outlining the possibility of shifting from existing solvency-based regime towards an RBC regime for Pakistan’s insurance sector. The proposed framework is consistent with international best […]

Ottawa, Dec 7 (AFP/APP): Canada’s central bank on Wednesday hiked its key lending rate by 50 basis points to 4.25 percent, saying its aggressive moves to rein in inflation were working but that the economy was still too hot. This is the highest interest rate […]

ISLAMABAD, Dec 7 (APP): Speakers on Wednesday said that Pakistan was one of the most important countries in the world due to its geographical position, but unfortunately, Pakistan had not un-fold new economic avenues with neighboring countries which needed to be explored for economic growth. […]

PHNOM PENH, Dec. 7 (Xinhua/APP) –:Cambodia’s economy is recovering well from the influence of COVID-19 pandemic with the growth being forecast at 4.8 percent in 2022 and 5.2 percent in 2023, the World Bank said in a report released on Wednesday. In its Cambodia Economic […]

Moscow, Dec 7 (AFP/APP): Russia’s oil giant Rosneft said on Wednesday its profit over the past nine months had been badly hit by the seizure of its German-based refineries by Berlin. “In 3Q 2022, the most significant negative impact on income came from the transfer […]

Washington, Dec 6 (AFP/APP): The external debt of developing economies has more than doubled from a decade ago to $9 trillion in 2021, the World Bank said Tuesday, warning the debt crisis facing these countries has intensified. The pandemic has forced many countries to take […]