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Indonesia to launch Southeast Asia’s first high-speed railway

Indonesia is launching Southeast Asia’s first high-speed railway, a key project under China’s Belt and Road infrastructure initiative that will cut travel time between the capital

an hour ago

Reserve Bank of India extends deadline for returning Rs2,000 notes to Oct.7

With effect from October 8, the deposit or exchange of Rs2,000 notes at bank branches will be stopped. However, Rs2,000 notes will continue to be legal tender even after October 7, but can be exchanged only at RBI offices, the central bank said.

10 hours ago

China’s economy stabilises as factory activity records growth

China’s factory activity expanded for the first time in six months in September, an official survey showed on Saturday,

22 hours ago

Pakistan’s largest coal miner to boost output

Pakistan’s largest coal miner Sindh Engro Coal Mining Co (SECMC) expects to boost its output by 51.3% in 2024, its Chief Executive told Reuters,

30 Sep 2023

Saudi Aramco announces first global LNG deal

Saudi Aramco on Thursday announced its first global investment in liquefied natural gas, part of a broader bid by the energy giant to expand beyond oil.

29 Sep 2023

EDGE announces acquisition of 50% stake in Brazil’s SIATT

The UAE’s EDGE Group, one of the world’s leading advanced technology and defence groups, has announced the acquisition of a 50 per cent stake in Brazilian smart weapons and high-tech systems specialist, SIATT.

29 Sep 2023

GCC and Pakistan signs free trade agreement

Jasem Mohamed AlBudaiwi, Secretary-General of the Gulf Cooperation Council (GCC), said that the preliminary free trade agreement (FTA) between the GCC and Pakistan

29 Sep 2023

Indian shares close at 4-week low amid global cues

Indian shares closed at nearly a four-week low on Thursday, pressured by losses in information technology and consumer stocks as the global markets

28 Sep 2023

Eurozone 2024 fiscal tightening seen limited by slowing economy

Eurozone governments will try to bolster their public finances next year by withdrawing expensive energy price subsidies but slower economic growth and fear of angering voters are likely to limit fiscal tightening, officials said. The European Central Bank has called for governments to roll back subsidies introduced

27 Sep 2023

DP World largest transportation company in India

Commenting on the recent agreement forged at the G20 meet to link Middle East countries by railway and connect them to India through seaports, Bin Sulayem stressed that the ultimate objective was to expedite the delivery of goods and introduce new alternative routes.

27 Sep 2023

Oil prices rise, tight supply back in focus

Brent crude futures climbed 71 cents, or 0.76%, to $93.98 a barrel by 0809 GMT after settling 3 cents lower on Friday. US West Texas Intermediate crude futures extended gains for a second session, trading at $90.63 a barrel, up 60 cents, or 0.67%.

25 Sep 2023