Saudi Arabia joins shale gas economy
By utilizing shale gas reserves in the country, Saudi Arabia can use the now popular energy resource for local purposes and use its oil for exclusively for export purposes.
Sovereign wealth funds
Saudi Arabia Tops Sovereign Wealth Spending League, Snatches the Spot From Singapore
Saudi Arabia's Public Investment Fund (PIF) has emerged as the world's most active sovereign investor in 2023, with deals worth billions of dollars.
IMF, World Bank Approve Historic $4.5 Billion Debt Relief for Somalia
The International Monetary Fund (IMF) and World Bank have approved $4.5 billion in debt forgiveness for Somalia...
Sebi upgrading surveillance for CommExes
India's securities market regulator Sebi is upgrading and strengthening its surveillance system on commodity exchanges (CommExes). Recently, Sebi has barred 16 commodity trading members from trading f..
BC Clean-tech alliance seeks $500-mln fund from Trudeau
B.C. clean-tech companies have requested Prime Minister Justin Trudeau to allocate a $500 million venture capital (VC) fund. An alliance comprising 51 clean-tech and investment firms from B.C. provinc..
Latest News
India plans INR 110 billion investment to upgrade village water infrastructure
The Indian government would be investing INR 110 billion for the improvement of the water supply infrastructure in its villages.
US Senators see signs of breaking partial deadlock
US Senators were still in negotiations regarding an agreement to reach a fiscal
Tropical Storm Octave to bring heavy rains, possible flooding to Texas
Tropical Storm Octave could flood some parts of Texas when it makes landfall sometime this week.
Police arrests over 380 people in Moscow Sunday riot
More than 380 people were arrested in a race riot that occurred Sunday in Moscow.
US veterans to take deadlock protests to White House
US veterans had protested in Washington last Sunday in fear that their benefits might be affected if no agreement would be reached to end the partial shutdown of the government.
Europe's Clean Energy investment falls by 14%
Europe's clean energy investment had fallen 14% after cheaper US natural gas had lured more investment, said a London-based research firm.
Australian and New Zealand stocks fells amid US deadlock
The stocks of Australia and New Zealand fell as the deadline to settle debt for the United States looms near, said a report from Bloomberg.
Angola imposes consumption tax on oil firms
Angola would be imposing a 10% tax on oil firms operating in the country.
Yen gains over peers as US debt default looms
The Japanese Yen had increased versus all its major peers as no progress was seen between US President Barack Obama and the House Republicans to end the US shutdown.
