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Category: Business 4682

Norway's Sovereign Wealth Fund Excludes 6 Israeli Companies from Its Investment Portfolio
Business
  • 1 mins read

Norway's Sovereign Wealth Fund Excludes 6 Israeli Companies from Its Investment Portfolio

Norway's sovereign wealth fund decided to exclude six companies linked to the West Bank and Gaza Strip from its investment portfolio after reviewing its holdings. The fund expects to divest from more Israeli companies as part of the ongoing review. It reported profits of 698 billion Norwegian kroner ($68.28 billion) in the first half of the year, supported by strong returns in the financial sector.

Norway's Sovereign Wealth Fund Excludes 6 Israeli Companies from Its Investment Portfolio
Business
  • 1 mins read

Norway's Sovereign Wealth Fund Excludes 6 Israeli Companies from Its Investment Portfolio

Norway's sovereign wealth fund decided to exclude six companies linked to the West Bank and Gaza Strip from its investment portfolio after reviewing its holdings. The fund expects to divest from more Israeli companies as part of the ongoing review. It reported profits of 698 billion Norwegian kroner ($68.28 billion) in the first half of the year, supported by strong returns in the financial sector.

His Highness Sheikh Isa bin Salman bin Hamad Al Khalifa Receives the United States Ambassador to the Kingdom of Bahrain
Business
  • 1 mins read

His Highness Sheikh Isa bin Salman bin Hamad Al Khalifa Receives the United States Ambassador to the Kingdom of Bahrain

On 18 August His Highness Sheikh Isa bin Salman bin Hamad Al Khalifa received US Ambassador Stephen Craig Bondy at Al‑Qudaibiya Palace; he affirmed the strong strategic partnership between Bahrain and the United States, reviewed outcomes of the Crown Prince's visit to the US and stressed the importance of the announced cooperation agreements.

Norwegian Sovereign Wealth Fund Excludes Six Israeli Companies
Business
  • 1 mins read

Norwegian Sovereign Wealth Fund Excludes Six Israeli Companies

The Norwegian sovereign wealth fund decided to exclude six Israeli companies and divest some investments in Israel due to the situation in Gaza and the West Bank. The fund's ethics watchdog will assess Israeli companies every three months. The fund held stakes in 61 Israeli companies as of 30 June and has recently liquidated stakes in 11 companies.

607 Cases Filed Against Violating Bakeries in Cairo
Business
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607 Cases Filed Against Violating Bakeries in Cairo

607 cases were filed against violating municipal bakeries in Cairo; authorities seized 9,285 kg of rice of unknown origin, 2,237 kg of meat, 336 kg of poultry, 140 kg of feseekh and renjah, 800 kg of sugar, and 408 bottles of oil.

Nikkei Hits Record Highs Supported by Weak Yen and Rising Bond Yields
Business
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Nikkei Hits Record Highs Supported by Weak Yen and Rising Bond Yields

The Nikkei closed at a record high on Monday, up 0.77% to 43,714.31 points, while the Topix climbed 0.43% to 3,120.96 points. A roughly 0.2% weaker yen versus the dollar supported automakers' shares as bank stocks fell and Japanese government bond yields rose, with the 20-year yield reaching 2.575%.

Japan Stock Indicators Hit Historic Highs as Concerns Ease and Yen Weakens
Business
  • 1 mins read

Japan Stock Indicators Hit Historic Highs as Concerns Ease and Yen Weakens

The Nikkei closed up 0.77% at 43,714.31 and TOPIX rose 0.43% to 3,120.96, both hitting session records for the second straight day. Weak yen lifted automaker shares while bank stocks lagged; JGB yields climbed ahead of a 20-year auction.

Schneider Electric Strengthens EV Charging Infrastructure in Saudi Arabia
Business
  • 1 mins read

Schneider Electric Strengthens EV Charging Infrastructure in Saudi Arabia

Schneider Electric launched initiatives to support electric mobility in Saudi Arabia including new chargers EVlink Pro DC 60 kW for fast charging and Schneider Charge Pro for medium charging, obtaining SASO approval, and qualifying more than 30 local partners via the EcoXpert program.

What Explains the Rise of the Anti-'Strong Independent Woman' Movement?
Business
  • 1 mins read

What Explains the Rise of the Anti-'Strong Independent Woman' Movement?

In Tunisia, despite progress in women's rights, there is growing rejection of the "Strong Independent Woman" concept due to women bearing heavy responsibilities at home and work with declining male contribution, raising debates about patriarchal mentality and conservative thought.

Adir: Your First Choice for a Secure Future
Business
  • 1 mins read

Adir: Your First Choice for a Secure Future

Adir renews its brand to strengthen its position as the optimal insurance partner in Lebanon, focusing on customer service, innovation, and responsible growth.

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