Business

First round of redundancies for 1,400 Air Berlin workers expected

First round of redundancies for 1,400 Air Berlin workers expected

Employees needed to maintain flight operations are expected be given notice by the end of February 2018, according to company information…
Keeping the competition out: Iran startups thrive despite sanctions

Keeping the competition out: Iran startups thrive despite sanctions

Low on cash but high on hope, Iran’s technology entrepreneurs are learning to live with revived hostility in the United…
Saudi Aramco IPO on track for 2018: officials

Saudi Aramco IPO on track for 2018: officials

A plan to list Saudi Aramco in 2018 is on track, senior Saudi officials said in Moscow on Thursday, as…
Egypt to receive $2.1 bn funds from organizations: Minister

Egypt to receive $2.1 bn funds from organizations: Minister

Egypt is expected to receive funding in the coming months at a total of US$2.15 billion, including $1 billion from…
Saudi Arabia says it has a new investor: Richard Branson

Saudi Arabia says it has a new investor: Richard Branson

The Virgin founder toured Saudi attractions last week including heritage site Madain Saleh and a section of Red Sea coast…
Amazon must pay $295 million in back taxes, EU says

Amazon must pay $295 million in back taxes, EU says

The European Union is telling member state Luxembourg to get $295 million in back taxes from Amazon, in Brussels’ latest…
Saudi central bank paints rosy picture of economy

Saudi central bank paints rosy picture of economy

Officials of Saudi Arabia’s central bank, holding a rare news conference on Wednesday, painted a highly positive picture of the…
US dollar records stable prices in Tuesday dealings

US dollar records stable prices in Tuesday dealings

The US dollar exchange rate was stable against the Egyptian pound at the beginning of Tuesday morning trading.   According…
Oil prices fall for second day on oversupply concerns

Oil prices fall for second day on oversupply concerns

Oil prices fell on Tuesday, declining for a second day and sapping more strength from a third-quarter rally, amid signs…
Nissan to recall all new cars sold in Japan in last 3 years

Nissan to recall all new cars sold in Japan in last 3 years

Nissan Motor Co Ltd (7201.T) will recall all 1.2 million new passenger cars it sold in Japan over the past…
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