Saudi non-oil private sector gathers pace in August – PMI

Muslims pilgrims shop in Mecca, Saudi Arabia, July 5, 2022. REUTERS/Mohammed Salem Register now for FREE unlimited access to Reuters.com Register DUBAI, Sept 5 (Reuters) – Saudi Arabia’s non-oil private sector expanded in August at its fastest rate since October last year, as business activity was boosted by improving demand conditions, a survey showed on … Read more

Aramco may take stake in Renault’s future thermal engine business – source

Register now for FREE unlimited access to Reuters.com Register PARIS, Sept 1 (Reuters) – Saudi Aramco (2222.SE) could take a stake in the future thermal engine business that Renault (RENA.PA) plans to separate from its electric vehicle (EV) division, a source familiar with the matter said. said on Thursday. Reuters reported on Tuesday that China’s … Read more

Dubai Mall owner Emaar to discuss selling its e-commerce business

A logo of Dubai’s Emaar Properties is seen on Burj Khalifa, the world’s tallest tower, in Dubai, United Arab Emirates January 12, 2018. REUTERS/Ahmed Jadallah Register now for FREE unlimited access to Reuters.com Register DUBAI, Aug 15 (Reuters) – The board of Dubai’s Emaar Properties (EMAR.DU), which owns the Dubai Mall, will meet on Thursday … Read more

US accuses Chinese company of helping ZTE hide business with Iran

A sign of ZTE is seen at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 4, 2020. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 9 (Reuters) – The US Commerce Department on Tuesday accused Far East Cable, China’s largest wire and cable manufacturer, … Read more

Abu Dhabi’s Chimera buys majority of Egypt’s Beltone Financial

A worker is seen at the headquarters office of Beltone Financial in Cairo, Egypt, October 26, 2015. REUTERS/Amr Abdallah Dalsh/File Photo Register now for FREE unlimited access to Reuters.com Register DUBAI, Aug 9 (Reuters) – Abu Dhabi investment firm Chimera Investment LLC said on Tuesday it has acquired a controlling stake in Egypt’s Beltone Financial … Read more

BP, Bunge put Brazil sugar and ethanol business up for sale, Valor Economico reports

Logo of British Petrol BP is seen at petrol station in Pienkow, Poland, June 8, 2022. REUTERS/Kacper Pempel Register now for FREE unlimited access to Reuters.com Register SAO PAULO, Aug 9 (Reuters) – British oil major BP (BP.L) and US commodities trader Bunge Ltd (BG.N) have put their Brazilian sugar and ethanol joint venture BP … Read more

US judge weighs Ben & Jerry’s claims against owner over Israeli business

NEW YORK, Aug 8 (Reuters) – A US judge on Monday appeared skeptical that Ben & Jerry’s deserved an immediate injunction against its parent Unilever Plc to restrict the marketing of its ice cream in the Israeli-occupied West Bank, which Ben & Jerry’s said was against its values. US District Judge Andrew Carter said at … Read more

Saudi crown prince says NEOM business zone will likely be listed in 2024

CAIRO, July 26 (Reuters) – Saudi Crown Prince Mohammed bin Salman said on Tuesday that the NEOM business zone will likely be publicly listed in 2024, al-Ekhbariya TV reported. Construction has begun on NEOM, a business zone in Tabuk province aimed at diversifying the economy of the world’s top oil exporter. “NEOM will add a … Read more