Search For Keyword.

Business

MTN to withdraw from Syria

By Harry Baldock, Total Telecom The operator said the situation had become “intolerable”, leaving them little choice but to exit MTN’s journey in the Middle East has been bumpy to say the least, with the company having faced accusations of bribery in winning a licence in Iran and...

Saudi Aramco Q2 profits nearly quadruple compared to 2020

Energy giant Saudi Aramco said Sunday its second quarter profits for 2021 had nearly quadrupled compared to the same period last year on the back of higher oil prices. The company's success comes after its debts climbed last year, when Saudi Arabia was hammered by the double whammy of...

OPEC, allies raise limits for 5 countries to end oil dispute

DUBAI, United Arab Emirates (AP) — OPEC and allied nations Sunday agreed to eventually raise the production limits imposed on five countries, ending an earlier dispute sparked by the United Arab Emirates that roiled global energy prices. The disagreement, sparked by a demand by the UAE to...

China's economic growth slows to still-robust 7.9%

BEIJING (AP) — China’s economic growth slowed to a still-strong 7.9% over a year earlier in the three months ending in June as a rebound from the coronavirus leveled off. As expected, the growth reported Thursday fell from the previous quarter’s explosive 18.3%, which was...