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DUBAI: GFH Financial Group has acquired a FedEx leased warehousing and logistics facility in Ohio, US, as it scales up its global investments in the industrial sector. The Bahrain-listed group said the transaction was part of its strategy to invest in “high quality logistics assets in key distribution hubs,” especially amid a surge in the e-commerce scene. “An increase in ....
Iranian Embassy tweet fuels rumors after Hezbollah accused of ‘power grab’ Updated 27 June 2021 June 27, 2021 01:59 BEIRUT: Lebanese authorities have rejected suggestions that the country is planning to import oil from Iran amid a worsening energy and currency crisis. Lebanon’s energy ministry on Saturday said that it had received no requests for a “permit, either from an official or private party, to import oil from Iran.” The official Lebanese response followed a tweet by the Iranian Embassy in Beirut saying that “the arrival of Iranian oil tankers does not need the attention of the US ambassador.” The embassy warned the US envoy not to intervene “in the brotherly relations between the Iranian and Lebanese peoples.” ....
DUBAI: State investor Mubadala’s satellite company Yahsat has set an indicative price range for its initial public offering which shows it could raise up to 2.976 billion dirham ($810 million) in the IPO, a newspaper advertisement showed. This will be the first major IPO of a company on the Abu Dhabi bourse since Abu Dhabi National Oil Co. Distribution was listed in 2017 and ....
DUBAI: The speaker of Iran’s parliament said on Sunday Tehran will never hand over images from inside of some Iranian nuclear sites to the UN nuclear watchdog as a monitoring agreement with the agency had expired, Iranian state media reported. “The agreement has expired . any of the information recorded will never be given to the International Atomic Energy Agency and the ....
SYDNEY: Australia’s competition watchdog is looking into a claim that Facebook Inc. refused a publisher’s request to negotiate a licensing deal, the regulator told Reuters, setting the stage for the first test of the world’s toughest online content law. The Conversation, which publishes current affairs commentary by academics, said it asked Facebook to begin talks as required ....