Home / Business

Business

Turkish army in talks to take over British Steel

Turkish army pension fund Oyak said on Monday that its subsidiary Ataer Holding had ended talks to buy British Steel after deciding the acquisition was not commercially viable. Turkey’s military pension fund OYAK had reached a provisional agreement to take over British Steel. But the deal was in jeopardy as …

Read More »

10 Best Tips for Success in Human Resource Management

By Sandra Azura   Internalize the company’s strategy The HR department must appropriate the company’s organizational strategy to support the other areas of the organization in achieving its objectives. You should be perfectly clear about issues such as business area, objectives, goals and growth expectations, to include them in your …

Read More »

End of Jordan land deal hurts Israeli farmers

It has been a bitter harvest for some Israeli farmers on the border with Jordan. On Sunday, a 25-year-old deal between the two countries that has allowed them to cultivate land there formally expires. Under the deal, part of the 1994 Jordan-Israel peace treaty, two territories straddling the border were …

Read More »

Japanese companies not eager for Aramco IPO

Japanese companies are unlikely to invest in Saudi Aramco’s blockbuster initial public offering (IPO) because it is difficult to evaluate the value of the world’s biggest oil company, the head of Japan’s largest refiner said on Friday. The unusually frank remarks from the head of a typically conservative Japanese company …

Read More »

Jordan’s new cabinet pushing IMF reforms

Jordan’s Prime Minister Omar al Razzaz reshuffled a large part of his cabinet on Thursday, appointing a former palace advisor as finance minister to push forward with a mandate for economic reforms intended to spur growth in the debt-ridden country. The reshuffle was Razzaz’s fourth since taking office almost a …

Read More »

Iraqi PM says protests are hurting the country

Iraq’s Prime Minister Adel Abdul Mahdi appealed on Sunday to protesters to help restore normal life across the country and said the unrest was costing the economy “billions of dollars”. More than 250 people have been killed since the protests in Baghdad and the south of the country started in …

Read More »

Lebanese banks say no unusual monetary movements

Lebanon’s banks did not see “any extraordinary movement” of money on Friday or Saturday, the first two days they reopened to the public after a two-week closure due to nationwide protests, the head of the banking association said on Saturday. “The reaction was almost the way we expected and anticipated. …

Read More »

Whatsapp sues Israel for spy hacks

WhatsApp sued Israeli surveillance firm NSO Group on Tuesday, accusing it of helping government spies break into the phones of roughly 1,400 users across four continents in a hacking spree whose targets included diplomats, political dissidents, journalists and senior government officials. In a lawsuit filed in federal court in San …

Read More »

Lebanon bans dollars from leaving country

A Lebanese state prosecutor on Sunday banned traders and money exchangers from taking significant amounts of physical dollar currency out of the country at air and land borders, state news agency NNA said. The order, which it said was issued by Public Prosecutor Ghassan Oueidat, imposed the ban until the …

Read More »

Lebanese PM agrees to reform package

Lebanon’s Prime Minister Saad al-Hariri has agreed a package of reforms with government partners to ease an economic crisis that has sparked nationwide protests, official sources told Reuters, with a cabinet meeting expected on Monday to approve them. Hariri, who is leading a coalition government mired by sectarian and political …

Read More »

Saudi Aramco postpones issuing IPO

Saudi Aramco has delayed the planned launch of its initial public offering in hopes that pending third-quarter results will bolster investor confidence in the world’s largest oil firm, two sources familiar with the matter said on Thursday. Aramco had been expected to announce plans next week to float a 1% …

Read More »

Mubadala eying debt market

Abu Dhabi state investor Mubadala Investment Co will be looking at the debt markets over the next few weeks amid attractive market conditions, said the fund’s Chief Executive. Khaldoon Khalifa al Mubarak, group chief executive and managing director told Reuters in an interview that Mubadala is also considering participating in …

Read More »

Qatar makes major labour reforms

Qatar’s government said on Thursday it adopted a new minimum wage law and will scrap mandatory exit visas for all workers, part of a broad labor reform program ahead of its hosting of the 2022 World Cup. The Gulf state, which relies on about 2 million migrant workers for the …

Read More »

Uzbekistan: opened the Congress Hall and Hilton Hotel

Construction of the Congress Hall and Hilton Hotel, the first facilities of Tashkent City International Business Center, has been completed. On October 9, President Shavkat Mirziyoyev got acquainted with them. The Congress Hall with a total area of 43 thousand square meters has all conditions for conducting major international events …

Read More »