A prominent Turkish businessman has been sanctioned by the Biden administration for violating U.S. restrictions on the sale of Iranian …
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Business
Spending by governments on clean energy transitions rises to $1.2 trillion
by Editorby EditorAs the global energy crisis spurs new policies aimed at cutting reliance on fossil fuels, global government spending on clean …
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Business
UAE implements federal law to charge nine percent corporate tax on profits
by Editorby EditorThe UAE issued Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (the “Corporate Tax Law”). …
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Business
Japan provides $110 million soft loan to support the energy sector in Jordan
by Editorby EditorThe Jordanian Ministry of Planning and International Cooperation signed a Memorandum of Understanding (MoU) for a 15 billion JPY ($110 …
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Business
Pakistan urgently seeks $3 billion from KSA after plunge in forex reserves
by Editorby EditorPakistan has requested Saudi Arabia to urgently provide $3 billion in cash after its foreign exchange reserves fell to a …
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Business
With a $30 billion power grid upgrade, India to triple clean-power capacity by 2030
by Editorby EditorIn order to achieve its goal of nearly tripling the country’s clean-power capacity by 2030, the Indian government, under Prime …
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Considering India’s increased resilience to global shocks, the World Bank raised its GDP growth forecast for FY23 to 6.9%. In …
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Business
No more Indian basmati rice or tea for Iran as both nations discuss a rupee trade deal
by Editorby EditorSince last week, Iran has stopped signing any deals to import tea and basmati rice from India. The reason for …
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As the first of a new fleet of long-range stealth nuclear bombers for the United States Air Force, Northrop Grumman …
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According to an official from the Indian Oil Ministry, the country will continue to purchase Russian crude oil even after …