How do Iranians move money abroad to avoid US sanctions?
From currency brokers to crypto, Iranians find ways to circumvent sanctions, but each comes with its own problems.
Business
Egypt’s Elsewedy Electric, China’s Sinohydro sign $2.2bn Saudi power plant contract
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 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…
Business
China’s exports surge amid AI-driven demand
Exports grew by 36.3 percent in September, the biggest leap since the COVID-19 pandemic.