Khalid al-Falih, Saudi Oil Minister, said that market fundamentals in terms of supply and demand have begun to improve despite the current down cycle which is nearing to an end.
Industry
UPS Purchases New Boeing 747-8 Jumbo Super Jets
To uphold its lifetime commitment of rendering quality delivery services to its clients, UPS buys Boeing 747-8 jumbo jets.
Ford Profit Rate Falls 50% Short As Road Gets Rougher But Beats Wall Street Expectation
As competition rises, Ford Motor Corporation falls short as it loses 50% profit. However, it still beats some expectations as that of the Wall Street's.
REFORMS UPDATE:ABE'S REGULATORY SHOW ON DESTROYING BEDROCK REGULATIONS
Just as doubts grow over Prime Minister Shinzo Abe’s economic policies dubbed Abenomics, many say that regulatory reforms will be the only way to revive Japan’s economy.
Apple's Profit, Revenue Drops; Expects more on IPhone 7
In 15 years of dominance, Apple Inc. posted its first ever annual revenue decline. However, they expect a large return growth in the current quarter with the help of the strong sales of its new iPhone 7.
Latest News
Boyd Cohen, the co-writer of The Emergence of the Urban Entrepreneur, had visited and had conversed with CitiLab. During their conversation, he was asked to differentiate urbanpreneurship and entrepreneurship. He was also questioned about teaching entrepreneurship and research outside the U.S.
Advanced Micro Devices Inc. (AMD) is trying to return to its sustained profitability. The predicted fourth-quarter revenue will miss the analysts’ expectations, partly because of the dwindling orders for game console processors.
ARIAD Pharmaceuticals, an oncology company based in Cambridge, Massachusetts is coming under fire for raising the price of its signature product for the fourth time this year. Two lawmakers are asking to know the explanation for the hike for a year’s supply of a drug that treats leukemia.
The very first legal pot shops in Alaska is expected to be opened in just a few weeks’ time. Potential business owners, investors and state regulators have worked in building a new industry in the two years upon the voters' approval to the Ballot Measure 2.
An ultra-Orthodox Israeli start-up incubator organization – KamaTech, launched a venture capital fund focused exclusively to entrepreneurs and start-ups from the haredi community in a seasonally appropriate setting – a succa – a temporary hut as a symbolic shelter commemorating the time when the Israelites lived in the wilderness after they were freed from slavery in Egypt.
The Mitsubishi Motors Corporation announced on Thursday that a joint news conference together with Nissan Motor Co. will happen with Mitsubishi Chairman and President Osamu Masuko and Nissan Chief Executive Carlos Ghosn on the side.
There were five countries who signed the Memorandum Of Understanding on Sunday. The BRICS group aim to develop The agreement was signed on the sidelines of the BRICS Summit for its purpose of developing the Kluchevskoye gold deposit located in the Chita region of Russia in Eastern Siberia.
After the Brexit vote, with London and Scotland suffering the most after some investors retreated from the sector, UK commercial property investments dropped at its lowest level in four years.
The American Heart Association has released a scientific statement which call doctors to have a training. The training asked the physicians to be the lifestyle leaders.It calls for a focus and rigid training of the physicians to improve the critical aspect of patient care.
