Sant’Agata Bolognese 12 June 2017 (Lamborghini Media) Automobili Lamborghini has appointed Paolo Poma as Chief Financial Officer and Managing Director. He will join the team led by Chairman and Chief Executive Officer, Stefano Domenicali, effective immediately. In his new role, Paolo Poma will be responsible for finance, administration and control, IT, legal affairs, compliance and...

Beijing 04 June 2017 (APP) With the formal commissioning of its second unit later this month, the Sahiwal power plant will become one of Pakistan’s clean coal power plants with the largest installed capacity, generating 9 billion KWH of electricity per year, which will meet the energy needs of nearly 10 million local people. The...

Economic Commentary Qatar National Bank 04 June 2017 OPEC, along with a number of other non-OPEC major producers, recently extended their 1.8m barrels per day (b/d) output cut agreement from end-June 2017 until March 2018. We examine the reasons and strategy behind the decision to extend the output cuts. We argue that OPEC is mainly...

Doha 28 May 2017 In its drive to promote local companies, from across diverse sectors, in regional and global markets, Qatar Development Bank (QDB) participated along with 9 Qatari design companies at the INDEX Design Series, held in Dubai, United Arab Emirates, from 22 to 25 May 2017. INDEX Design Series is considered as the...

Islamabad 27 May 2017 (APP) Following are the highlights of Pakistan Finance Minister Ishaq Dar’s post budget press conference: • One million youth will be imparted IT training. • Rs 120 billion new taxation proposed, while relief measures will cost Rs 33 billion. • Refund for textile sector will be cleared by August 14. •...

Islamabad 26 May 2017 (APP) Finance minister Ishaq Dar Friday, lauding the contributions made by expatriate Pakistanis, announced that the government wanted them to invest in the national infrastructure and in that connection, US$ 1 billion non-convertible bond would be issued. The proposed bond would be floated through establishment of Pakistan Development Fund, he said....

Moscow 25 May 2017 (PNA) Philippine business delegations here were able to bag around USD 875 million (appx. PHP 44 billion) worth of business-to-business (B2B) deals, Trade Secretary Ramon Lopez said Thursday. “A number would be in the areas of iron and steel, transport, agri-business, multi-purpose vehicles, power, energy, property development, transport and construction,” Lopez...

Doha 20 May 2017 Doha Bank, one of the largest commercial banks in Qatar, recently hosted its annual Long-Service Awards at its Head Office in West Bay. The awards recognized Doha Bank employees who had reached service milestones of 10, 15, 20, 25 or 35 years. Addressing the honorees during the ceremony, Sheikh Abdul Rahman...

May 20, 2017 The Washington Times President Trump and King Salman signed a series of agreements Saturday that cement ties between their two countries, including a nearly $110 billion deal to sell U.S. arms to Saudi Arabia. The deal for defense equipment and services are aimed at helping Saudi Arabia and the Gulf region fend...

Beijing 15 May 2017 (Xinhua) President Xi Jinping on Monday called on China and the Philippines to step up communication on major issues concerning bilateral ties, in order to lead their relations toward healthy and stable development. In his meeting with Philippine President Rodrigo Duterte, Xi said the Philippines is a friendly neighbor of China...