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The Crown Prince of Saudi Arabia, Mohammed Bin Salman Al Saud, met with the Prime Minister of Pakistan, Imran Khan, during a trip to Asia. According to Bloomberg, during this meeting, the prince said that the two countries were planning to build a “great future.” To achieve this goal, Saudi Arabia will invest $20 billion in Pakistan. This investment plan assumes that $10 billion will be spent on the construction of an oil refinery in Gwadar. In addition, the two countries concluded an agreement according to which Saudi Arabia will supply oil and oil products to Pakistan with deferred payments.
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
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