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BUSINESS

BUSINESS latest

Liberty Galati’s €463 million auction opens access to Southeast Europe's largest steel plant for GCC capital
June 15th, 2026 - 05:26 GMT

Liberty Galati’s €463 million auction opens access to Southeast Europe's largest steel plant for GCC capital

An amended asset sale plan for Liberty Galati has been approved by the Galati court, relaunching the auction process for Romania's only integrated steel producer and Southeast Europe’s largest such asset. The auction, set for June 19, covers both the steel plant owned by Liberty Galati and the pipe mill owned by Liberty Tubular Products Galati, with a court-approved floor price of €463,012,174 (approximately $535 million). The Galati platform covers 1,600 hectares, with port access to both the Danube River and the Black Sea. At full capacity, the plant produces ...
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Geopolitical shocks have been a recurrent theme in the international oil market. (Shutterstock)
May 21st, 2018 - 07:52 GMT

Is the Oil Market About to Endure a Rough Ride?

The Kona takes these premium values into the sub-compact B-segment, optimized as part of a sporty and active urban lifestyle.
May 21st, 2018 - 07:48 GMT

Hyundai Ready to Write Next Chapter in Its SUV Success Story

The Haramain high-speed rail link is among the Saudi infrastructure projects catching the attention of international investors. (AN)
May 21st, 2018 - 07:44 GMT

Could Saudi Arabia Become the China of the Middle East?

Because Bitcoin is decentralized, there’s no way to know exactly how much power it uses. (Shutterstock)
May 21st, 2018 - 07:38 GMT

Bitcoin’s Massive Power Usage Explained in New Analysis

Investors can have 100 per cent ownership of their companies in the country. (Twitter)
May 21st, 2018 - 07:34 GMT

UAE Allows 100 Percent foreign Ownership of Businesses

Sean G. Kaufman, a US-based expert and trainer in behavioral sciences, visited WCM-Q to speak to local healthcare professionals about strategies for containing infectious diseases.
May 21st, 2018 - 06:57 GMT

WCM-Q Seminar Explains Strategies for Containing Infectious Disease

Last month, Volvo Cars reinforced its electrification strategy, by stating that it aims for fully electric cars to make up 50 per cent of its global sales by 2025.
May 21st, 2018 - 06:57 GMT

Volvo Cars to Eliminate Diesel From the New S60 Sedan

The #I_Am_Saudi campaign aims to inspire Saudi nationals to break barriers and be bold leaders while contributing to society and economic growth, as per Saudi Vision 2030.
May 21st, 2018 - 06:52 GMT

Pepsi Takes Saudi National Achievements to the Global Stage With #I_Am_Saudi Campaign

Abdul Razzak Mikati, Managing Director at DTP
May 21st, 2018 - 06:44 GMT

Abu Dhabi Airport Reduces Waiting Times and Increases Capacity With Smart IoT Technology

Atlas provides an authoritative global briefing to readers on the month’s hot topics covering the fields of food, fashion, culture, travel, business and technology.
May 21st, 2018 - 06:34 GMT

Etihad Airways Atlas Magazine Recognised With Two Coveted Communicator Awards

Raja Al Mazrouei, EVP of FinTech Hive at DIFC
May 21st, 2018 - 06:24 GMT

FinTech Hive at DIFC Calls on Applicants for 2018 Accelerator Programme

Rabih Itani, Regional Business Development Manager - Security, Middle East and Turkey at Aruba, a Hewlett Packard Enterprise company
May 21st, 2018 - 06:15 GMT

Hewlett Packard Middle East: How Artificial Intelligence Based Machine Learning Will Affect It Security in Jordan

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