Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, said on Sunday it will buy a 23.97 percent stake in Capital Bank Group, one of the...
German carmaker Mercedes-Benz is recalling nearly one million older vehicles worldwide due to a potential problem with the braking system, the federal transport authority (KBA) said....
The global semiconductor shortage that’s bogged down the auto industry for almost two years is showing signs of easing, at least for now. Mercedes Benz AG,...
The Biden administration is seeking to balance competing political and economic pressures with quotas for the use of biofuels such as corn-based ethanol that largely track...
Concentrations of carbon dioxide in the atmosphere in May were 50 percent higher than during the pre-industrial era, reaching levels not seen on Earth for about...
Borouge, a chemicals joint venture between the United Arab Emirates’ main oil company and Borealis AG, surged in its trading debut after raising $2 billion in...
A Saudi Arabian family-owned group that reaped billions as an early backer of electric truck-maker Rivian Automotive Inc., has made a new bet on battery-powered vehicles,...
Abu Dhabi-based Tarjama translation service has been featured in a Gartner market guide for advanced AI-enabled translation services along with Google, Baidu, and TransPerfect. With large...
Major oil producers led by Saudi Arabia and Russia on Thursday decided to open taps wider than expected amid soaring prices and an EU ban on...
Russia warned on Thursday that the European Union’s decision to partially phase out Russian oil was likely to destabilize global energy markets, calling it a ‘self-destructive’...