The news, anew
فرضت جهات رقابية أمريكية غرامات إجمالية تتجاوز 1.21 مليار دولار على "بنك أوف أمريكا"، ثاني أكبر بنك في الولايات المتحدة، بسبب إخفاقات استمرت سنوات في أنظمة مكافحة غسل الأموال والامتثال للعقوبات الأمريكية، بعد اكتشاف قصور في مراقبة معاملات بمليارات الدولارات، وتأخر الإبلاغ عن عمليات مشبوهة تجاوزت قيمتها 5 مليارات دولار.
Business
By David LawderBANGKOK, Oct 14 (Reuters) - The United States cannot grow its way out of mounting public debt without tax or spending adjustments, while China must pivot from export-led growth towards more domestic consumption, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday.
Business
A consortium of Egypt's Elsewedy Electric and China's Sinohydro has secured a $2.2 billion contract to expand Saudi Arabia’s Rabigh 2 independent power plant, adding 2.3 gigawatts of capacity with operations set to start in May 2029. The project, part of Saudi Arabia's initiative to enhance its power generation capabilities and transition to a more efficient energy mix, will involve various engineering, procurement, and construction tasks.
Business
Saudi Arabia to offer remote option for FII conference after attacks: Reuters Saudi Arabia plans to make its flagship Future Investment Initiative a hybrid event, allowing executives to attend remotely after deadly weekend attacks on Riyadh airport, Reuters reported on Wednesday, citing two people familiar with the matter. Some participants may still travel to Riyadh, including via airstrips outside the capital or in neighbouring Gulf states. The move comes as the kingdom seeks to keep attrac…
