Russia could participate in the modernizing of shipyards in the Suez Canal and build a new shipyard in Egypt, the Russian Industry and Trade Ministry has said, according to Prime news agency.
"The Russian side presented projects to modernize the existing shipyards of the Suez Canal and outlined the opportunities for...
The largest refiner in India, state-run Indian Oil Corporation (IOC), is considering Russian crude imports to meet growing demand in one of Asia’s fastest growing economies, the company’s chairman has said, according to The National.
“When it comes into buying options, we would prefer to have as wide options as possible. Our...
Russia’s second-biggest oil producer, privately-owned Lukoil, does not plan to invest in Saudi Aramco’s planned initial public offering, its CEO and biggest shareholder, Vagit Alekperov, told reporters on Monday, according to Reuters.
Saudi state oil giant Aramco plans to start the offering, set to rank it as the world’s most...
Russian tourists travelling to the member-states of the Gulf Cooperation Council (GCC) are expected to generate an estimated $1.22 billion in travel and tourism revenue by 2023, an increase of 19% when compared with figures from 2018, according to data published ahead of Arabian Travel Market 2020.
Building on this, Saudi...
Russia’s biggest meat producer, Cherkizovo Group, is in talks with several Chinese companies to jointly supply pork to China, Bloomberg reports.
The company looks to expand in Asia and help alleviate a shortage in the world’s biggest market.
“Rebuilding pork production isn’t easy,” Cherkizovo Chief Executive Officer Sergey Mikhailov said in...
Cash is still the most widespread payment method in Russia, 89% of the country’s population using it regularly, while only two percent of Russians fully abandone cash payments, RBC wrote on Monday citing a poll by the Levada Center.
Debit cards are the second most popular payment tool, and 58% of...
Russia’s largest bank, Sberbank, has announced the creation of an Artificial Intelligence alliance including internet majors Yandex and Mail.ru, mobile operator MTS, oil company Gazprom Neft, and the Russian Direct Investment Fund (RDIF), Vedomosti reported citing the lender’s CEO German Gref.
Sberbank is a digital innovation frontrunner and is already planning its...
The Russian market for business aviation is on the verge of big changes, leading Russian experts in the field and senior officials of the Russian Ministry of Sport and Tourism have said, according to AIN Online.
Mikhail Titov, vice president of the Russian United National Association of Business Aviation (ONADA), says...
The Polish Office of Competition and Consumer Protection (UOKiK), the country’s anti-monopoly body has fined French energy giant Engie 172 million zloty (around 40 million euros) for failing to provide information regarding its involvement in Russia’s Nord Stream 2 gas pipeline, Reuters reported.
“The company has stubbornly and in an unjustified way refused...
Exports of wheat and meslin (wheat/rye mixture) from Russia in the first nine months of this year decreased by 30% compared to the same period last year and amounted to 22.66 million tons, the country’s Federal Customs Service said, according to TASS.
In monetary terms, the figure decreased by 23.5% and...
