firms

Saudi firms have taken the venture ecosystem by storm with startup activity dominating activity in recent weeks. Saudi Aramco’s $500 million venture capital subsidiary Wa’ed Venture made global headlines as it co-led a $52 million series…
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President Joe Biden announced on Thursday the imposition of sanctions on five Turkish companies and a Turkish national. The move comes amid accusations they helped Russia in evading Western sanctions and provided support to Moscow in its…
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The Biden administration on Thursday added 14 Chinese companies to a red flag list, forcing US exporters to conduct greater due diligence before shipping goods to them because US officials have been unable to inspect the listed entities.…
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Oil prices rose on Thursday, extending a cautious rally this week on signs of tight supply while the EU wrangles with Hungary over plans to ban imports from Russia, the world’s second-largest crude exporter, after it invaded Ukraine.…
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The CEOs of 14 Emirati companies who presented initiatives supporting sustainability as an integral part of economic and social development were honored at a ceremony in Italy. The event, organized by Credit Union Exports — a subsidiary…
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Russian companies whose depositary receipts are traded abroad will be obliged to return to Russia, unless other solutions arise, Economy Minister Maxim Reshetnikov said on Friday, according to Reuters. Several major Russian companies…
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Egypt’s investment in public oil firms will hit 30 billion Egyptian pounds ($2 billion) in the 2022-2023 budget for the first time, the minister of petroleum and mineral resources announced. Tarek El Molla said the ministry will boost…
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Facebook Inc. has told Australian publishers it has stopped negotiating licensing deals, an email to the industry seen by Reuters showed, a move which came just six months after the passing of a law designed to make tech giants pay for news…
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Eight months after a massive blast ripped through Beirut port and nearby districts of the Lebanese capital, a host of foreign companies with different national interests are competing to rebuild it. “Everyone has their eyes on the port:…
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Britain plans to tax retailers and tech companies whose profits have soared during the COVID-19 pandemic, the Sunday Times reported, citing leaked emails. The government has summoned companies to discuss how an online sales tax would…
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