The memorandum of understanding (MOU) was signed between Karachi Port Trust (KPT), the Saudi Business Council–Najd Gateway Holding Company and Arif Habib Dolmen REIT Management Limited (AHDRML) on …
China car sales downturn extends into May as VW tests EV revamp
BEIJING, June 8 (Reuters) – China’s car sales extended a downturn in May that has become a stress test for foreign automakers led by Volkswagen, which is trying to revive its China business through …
Sri Lanka seeks deeper cooperation with France, EU as AFD marks 20 years of engagement
Sri Lanka has reaffirmed its commitment to strengthening cooperation with France and the European Union (EU) in key areas including sustainable development, trade, investment, and climate action, as …
Saudi Arabia Cuts July Crude Prices for Asia As Demand Slows
Saudi Aramco set the official selling price for July loadings of its Arab Light crude to Asia at $9.50 above regional benchmarks, down from a premium of $15.50 a barrel in June.
Saudi Arabia ‘months’ away from selling stakes in more football clubs
Saudi Arabia is set to offer more football clubs to investors, a senior government official has said as the Kingdom bids to attract private enterprise.
Sri Lanka Climate Summit 2026 to spotlight climate readiness
As climate-linked regulations, investor expectations and financing requirements increasingly influence global trade and market access, Sri Lanka Climate Summit 2026 will place business readiness at …
The world’s most surprising economic success story is… North Korea
Arms sales to Russia and goods from China provide a boost, despite sanctions. “The regime is wealthier than ever.” …
South Korea’s Lee says success of business should be shared, plans surplus tax revenue use
By Kyu-seok Shim and Joyce Lee SEOUL, June 8 (Reuters) – South Korean President Lee Jae Myung said on Monday the gains of business success should be shared throughout society and the government will …
Exclusive-South Korea labour minister calls on tech firms to share excess AI profits with suppliers, staff
By Heejin Kim and Hyunjoo Jin SEOUL, June 5 (Reuters) – South Korea’s labour minister called on the country’s major tech firms to share the spoils of their massive windfall profits, warning that …
Japan’s Q1 GDP revised lower to 1.8%; weak business spending clouds outlook
Japan’s economy grew at a slower-than-estimated annualised rate of 1.8 per cent in the first quarter of 2026 as business investment contracted, while rising energy costs linked to the West Asia confli …