The potential US$450 million deal, alongside other defence collaborations, reflects Indonesia’s desire to diversify its partnerships and strengthen its maritime security.
In India, Concerns of Cover-Up After Stampede at Massive Hindu Festival
The late release of casualty figures at the gathering of millions of people was seen as shielding the political fortunes of a local leader with national aspirations.
Fund managers in Davos see India appeal, despite foreign exodus
Indian markets offer an attractive medium-to-long term investment opportunity, despite a recent exodus of foreign money, fund managers told Reuters on the sidelines of last week's World Economic Forum ...
Mobileye sees annual revenue below targets on weak China demand for its self-driving tech
Mobileye Global forecast fiscal 2025 revenue below Wall Street expectations on Thursday, anticipating fewer shipments of its assisted driving technology to China, sending its shares down more than 12% in premarket trading.
Opportunities abound in positioning Sri Lanka as global leader in climate-friendly tourism: Experts
By Divya Thotawatte Battered by years of economic and human resource challenges, Sri Lanka’s tourism sector is now at a critical juncture where embracing sustainability and climate-friendly practices ...
Saudi Arabia GDP grew 1.3% in 2024, govt estimate shows
Saudi Arabia's economy returned to growth in 2024, with real gross domestic product increasing 1.3% compared to the prior year, showed preliminary government data released on Thursday.
Saudi insurance sector thriving as revenue surged 16.9% last year
In Q3 2024, revenue surged by 16.9 per cent year-on-year, with medical insurance leading at a 13.6 per cent growth due to mandatory coverage. Motor insurance revenues grew 22.7 per cent, driven by new ...
Kuwait and Saudi Arabia explore new business opportunities
The Kuwait Chamber of Commerce and Industry (KCCI) reaffirmed the business community's eagerness to explore joint investment ...
Saudi Arabian poultry producer Entaj plans to sell 30% stake in Riyadh IPO
The firm has appointed SNB Capital as the lead manager, financial adviser, bookrunner and underwriter for the IPO.
Cement Shortages Stifle Myanmar Construction
Myanmar’s armed conflict has disrupted cement production while the regime is promising large quantities will be imported in February.