GE signs $15 billion of Saudi deals, MoUs during Trump visit

GE signs $15 billion of Saudi deals, MoUs during Trump visit
RIYADH: US conglomerate General Electric (GE) said it signed agreements and memorandums of understanding worth $15 billion with Saudi Arabia on Saturday during President Donald Trump s visit to the oil-rich kingdom. The Boston-headquartered firm said the agreements were inked in the presence of King Salman and Trump, who has chosen Saudi Arabia for his first foreign trip since taking office... Read More

Govt approves 30-year lease plan for Pakistan Steel Mills

Govt approves 30-year lease plan for Pakistan Steel Mills
Pakistan Steel Mills Lease Plan News ISLAMABAD: Privatisation Commission has approved a 30-year lease structure for loss-making Pakistan Steel Mills under which at least 7,500 of the 12,500 employees would be laid off, its head said. Built by the Soviet Union in 1970s, the state-owned facility (PSM) has become a huge drain on government resources and has not produced steel... Read More

‘China to set up large steel factory at Gwadar’

‘China to set up large steel factory at Gwadar’
China Steel Factory news ISLAMABAD: Acting Chinese Ambassador to Pakistan, Zhao Lijian Monday said that his country would set up a large steel factory at Gwadar to further expedite economic developments being carried out under China-Pakistan Economic Corridor (CPEC) framework. “Both China and Pakistan would very soon sign an agreement to establish the steel factory, three times bigger than the... Read More

Toyota recalls 66,830 imported Lexus cars

Toyota recalls 66,830 imported Lexus cars
Toyota Lexus Cars News BEIJING: The Chinese unit of Toyota Motor Corp will recall 66,830 imported Lexus brand vehicles in the country over potential safety issues, China’s quality watchdog said. Some Lexus models, made between June 2014 and December 2016, have problems with their braking software, China’s General Administration of Quality Supervision, Inspection and Quarantine said on its website. In... Read More

Police baton charge, tear gass protesting PSM workers

Police baton charge, tear gass protesting PSM workers
Pakistan Steel mills News KARACHI: The workers of Pakistan Steel mills (PSM) have held demonstration demanding salaries pending from six months and blocked the national highway, however police take them with baton charge and shelling tea gas to disperse them. Protesting workers blocked the main gate of PSM but later they came up at national highway and blocked it that... Read More

Airlines to post record $40bn profit in 2016:IATA

Airlines to post record $40bn profit in 2016:IATA
World News Live SINGAPORE: Global airlines are expected to post record profits of almost $40 billion this year, the head of industry body IATA said Thursday, but he warned the sector faced threats from terrorism, a sharp rise in oil prices and protectionism (world news live). Alexandre de Juniac, who took the reins at the International Air Transport Association on... Read More
error: Content is protected !!