Browsing: Business

Prime Minister Narendra Modi marked his presence at the ASEAN-India Summit held in Jakarta, Indonesia, reflecting the deepening ties between India and the Southeast Asian nations. In his address at the 20th edition of the Summit, PM Modi emphasized that

A former Goldman Sachs International employee, Ian Dodd, who served as the global head of recruiting from 2018 to 2021, has lodged a £1 million lawsuit in London, accusing the esteemed investment bank of fostering a “culture of bullying.” Dodd’s

Amidst a backdrop of economic fragility and reliance on foreign aid, Pakistan’s currency, the rupee (PKR), has once again fallen dramatically against the US dollar, marking a distressing record low, the country’s central bank reported. From Islamabad, the State Bank

In a historic move, Belgium has successfully raised a staggering €21.9 billion ($23.65 billion) from retail investors through a bond sale, eclipsing previous records and signaling the public’s growing dissatisfaction with stagnant bank deposit rates. Launched on August 24, this

Italian energy leader Eni has declared plans to invest an impressive $7.7 billion in Egypt’s energy sector over the next four years, as announced by Ahmad Fahmi, the spokesperson for Egyptian President Abdul Fatah El Sisi. This financial commitment is considered one of

Abu Dhabi Global Market’s Registration Authority (RA) has levied a $30,000 fine against KPMG Lower Gulf Limited for substantial audit shortcomings. The penalty comes after a detailed review which found that KPMG had been consistently failing to adhere to the

In an ambitious bid to boost its financial standing, the Egyptian government is poised to secure $5 billion through the initial public offerings (IPOs) of state-owned enterprises and power plants. The initiative, set to run from October 2023 through June

In a strategic move aimed at enhancing global trade infrastructure, DP World has acquired a 58% equity stake in Turkey’s Evyap Port. The partnership will focus on bolstering container port facilities and streamlining efficiencies in the critical Marmara gateway market,

The 4th phase of the Mohammed bin Rashid Al Maktoum Solar Park is closing in on completion, promising to provide clean energy for around 320,000 homes. This significant advancement involves an investment of AED 15.78 billion and aims to reduce

Egypt is aggressively expanding its natural gas exploration activities, earmarking a robust $1.9 billion for drilling 45 new exploratory wells in the Mediterranean and Nile Delta regions by mid-2025, the Cabinet confirmed in a statement on Tuesday.