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The new Turkish central bank governor is not planning an immediate change in monetary policy
Turkey's new central bank governor, Shehab Koçioglu, said during a nearly 90-minute call with bankers on Sunday that he was not planning an immediate change in the bank's policy.
Reuters quoted a source as saying that Gojioglu confirmed…
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Palestine fund aims to have first cement factory by 2022
The Palestinian Investment Fund is pushing ahead with plans for its first cement factory, through an agreement with a group of companies, Asharq reported citing Reuters.
Sanad Industrial company said that the $85 million plant will be…
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Payment startups big winners of e-commerce boom
They were little known before the pandemic, but startups in the flourishing digital payment industry are now worth a fortune as COVID-19 has forced people to increasingly embrace e-commerce.
Online shopping, contactless card readers and…
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Targeting Tesla, China’s Geely to launch new premium EV brand
China’s Geely plans to roll out electric vehicles under a new marque with different branding and sales strategies, people familiar with the matter said, as the Volvo owner looks to take on its main EV rival Tesla with higher-end vehicles.…
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Abu Dhabi, Israel ink deal to ease reciprocal business expansion
Business registration authorities in Abu Dhabi and Israel have signed a deal to help companies operate between the pair.
The Abu Dhabi Global Market (ADGM) Registration Authority and the Registrar of Companies in the Israeli Corporations…
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BMW sees significant profit growth in 2021
German carmaker BMW on Wednesday said it expects a significant year-on-year increase in group pretax profit in 2021 as it forecast a strong performance in all of its segments.
BMW, which also owns the MINI and Rolls-Royce brands, said it…
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Delete “Alibaba” browser from Chinese applications
Alibaba's internet browser has been removed from many app stores in China as the dispute between the giant and the Chinese government continues.
Android app stores, including those run by Huawei and Xiaomi, have either blocked downloads…
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Turkey’s top economic management sees another shakeup
Mehmet Hakan Atilla, CEO of Turkey’s Istanbul Stock Exchange (Borsa Istanbul), resigned from his post on Monday, triggering doubts about the motivations behind this abrupt move at the one of key economic managerial posts of the country.…
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Lebanon’s Salameh to sue Bloomberg after US denies talk of sanctioning him
Lebanese Central Bank Governor Riad Salameh announced on Friday that he will be taking legal action against Bloomberg after it published an article claiming that the US is considering sanctioning him, a move the US State Department denies.…
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Antivirus software creator charged with cheating investors
Antivirus software entrepreneur John McAfee was indicted on fraud and money laundering conspiracy charges alleging that he and cohorts made over $13 million by fooling investors zealous over the emerging cryptocurrency market, authorities…
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