BUSINESS | Aramco Says Received Approval For Jafurah Gas Field Development

RIYADH | SAUDI ARABIA - - Saudi Aramco said on Saturday it had received regulatory approval to develop Saudi Arabia’s Jafurah non-associated gas field and expects production to start in early 2024. It said output would reach around 2.2. billion cubic feet per day of sales gas by 2036, with an associated 425 million cubic … Continue reading BUSINESS | Aramco Says Received Approval For Jafurah Gas Field Development

BUSINESS NEWS | Saudi GDP Growth Projected To See An Uptick This Year, Backed By Non –Oil Sector: Central Bank

RIYADH | Saudi Arabia’s economic growth is projected to see an uptick this year, backed by the non – oil economy, the country’s central bank governor said on Saturday. Saudi Arabian Monetary Authority (SAMA) Governor Ahmed Al-Kholifey, also told an economic conference in Riyadh that it was too early to get the full picture of … Continue reading BUSINESS NEWS | Saudi GDP Growth Projected To See An Uptick This Year, Backed By Non –Oil Sector: Central Bank

SOCIAL MEDIA | Twitter Tests Labels, Community Moderation For Lies By Public Figures

BUCHAREST | ROMANIA - -  Twitter Inc said on Thursday that it was testing a new community moderation approach that would enable users to identify misleading information posted by politicians and public figures and add brightly colored label under those tweets. NBC News earlier reported that Twitter company documents showing a mockup of the new … Continue reading SOCIAL MEDIA | Twitter Tests Labels, Community Moderation For Lies By Public Figures

BREAKING NEWS | G20 Financial Leaders See Modest Growth Pick-Up, Coronavirus A Risk – Draft Communiqué

BRUSSELS – Financial leaders of the world’s 20 largest economies (G20) expect a modest pick-up in global economic growth this year and next, but the coronavirus epidemic is a downside risk, a draft communique prepared for the meeting on Feb. 22-23 said. ‘After signs of stabilization at the end of 2019, global economic growth is … Continue reading BREAKING NEWS | G20 Financial Leaders See Modest Growth Pick-Up, Coronavirus A Risk – Draft Communiqué

BREAKING NEWS | Grifols To Help Saudi Arabia Produce Blood Plasma Medicines

MADRID | SPAIN - - Spanish pharmaceutical company Grifols said on Tuesday it had signed a non-binding agreement with Saudi Arabia’s sovereign wealth fund to help the country produce plasma-derived medicine. Barcelona – based Grifols and the Public Investment Fund (PIF) have agreed in principle to create a joint venture that will develop plasma collection … Continue reading BREAKING NEWS | Grifols To Help Saudi Arabia Produce Blood Plasma Medicines

BUSINESS | EU Adds Seychelles, Cayman Islands, Panama To Tax Haven Blacklist, Spares Turkey

BRUSSELES  - European Union finance ministers added Panama, the Seychelles, the Cayman Islands and Palau to the EU’s blacklist of tax havens, while giving Turkey more time to avoid being listed, an EU document said on Tuesday. The list, which was set up in 2017 after revelations of widespread tax evasion and avoidance schemes, now … Continue reading BUSINESS | EU Adds Seychelles, Cayman Islands, Panama To Tax Haven Blacklist, Spares Turkey

SUSTAINABLE BUSINESS | Amazon’s Bezos Pledges $10 Billion To Climate Change Fight

MILAN | ITALY - - Amazon Chief Executive Officer Jeff Bezos will commit $10 billion to fund scientists, activists, nonprofit and other groups fighting to protect the environment and counter the effects of climate change, he said on Monday. Cutting emissions will be challenging for Amazon. The e-commerce company delivers 10 billion items a year, … Continue reading SUSTAINABLE BUSINESS | Amazon’s Bezos Pledges $10 Billion To Climate Change Fight