By utilizing shale gas reserves in the country, Saudi Arabia can use the now popular energy resource for local purposes and use its oil for exclusively for export purposes.
Industry
Report shows quarterly increases for the venture funding in Israel
IVC with KPMG worked to draft a report on the progress of venture capital investments in Israel. In a report from Reuters, Israeli technology firms have raised USD660 million in venture in the third quarter.
Private equity firms reason for FroYo growth- report
Private equity companies were the reason for the frozen yogurt shop explosion in the US, according to a CNBC report.
Snow storm kills thousands of cattle in South Dakota
A snow storm in South Dakota killed thousands of cattle and caused tens of millions in losses. A sudden storm that came earlier than winter decimated thousands of cattle in South Dakota.
European stocks fluctuate amidst US economic uncertainty
Stock markets in Europe fluctuated wildly amidst the uncertainty of the US finalizing budgets for its debt servicing and other governmental services.
Latest News
If the US fails to pass legislation to increase the debt limit, then the global economic system would be tremendously affected.
ICAO supported certification requirements now in place for new airlines for Indian air carrier applicants.
Because of price caps and channel disruptions, the Indian drug market still is continuing its negative growth pattern.
US veterans had protested in Washington last Sunday in fear that their benefits might be affected if no agreement would be reached to end the partial shutdown of the government.
Angola would be imposing a 10% tax on oil firms operating in the country. Angola, the second largest oil producer in Africa, would levy a consumption tax on oil companies.
Japan, stretched to the limit because of the increase in foreign exchange funds, is studying to have the private sector manage the funds.
According to SNB President Thomas Jordan, protecting the Swiss franc is imperative for economic health.
Taiwanese and Chinese ties strengthened with new equity exchange center in Fujian, China. A cross strait equity exchange center in Fujian is being set up by China and Taiwan.
According to a study, airport modernization programs are necessary to improve services. According to the study conducted by the aviation consultancy firm CAPA in partnership woth aviation IT solutions provider SITA, special provisions such as WiFi inflight, use of mobile devices, self-check in areas, biometrics and e-Passports should be implented in the new airports in India.
