Iraq Bulletin

Category : Business

Business

Economists predict more pain for the UK as the economy shrinks

Editor
As forecasters warned of many months of contraction ahead, the British economy shrank in the three months to September, official statistics showed on Friday. Despite a smaller-than-expected contraction, gross domestic product fell by 0.2% between July and September, signaling the beginning of a long recession, according to the Office for......
Business

Aldar joins the Clean Energy Business Council to enhance energy efficiency

Editor
The Clean Energy Business Council (CEBC) has welcomed Aldar Properties as a Partner member and will work closely with the organisation to improve energy efficiency. By connecting the public and private sectors, CEBC accelerates the transition towards clean energy in the MENA region. By reducing construction and operational emissions and......
Business

Twitter faces class-action lawsuit over short-notice layoffs

admin
In court documents, Twitter, now led by Elon Musk, is accused of violating federal and state laws that require 60 days’ notice of mass layoffs. In a lawsuit filed in San Francisco District Court, five current or former workers are named as plaintiffs, one of whom was terminated effective Tuesday.......
Business

Drilling fluids services contract awarded to ADNOC Drilling for $1.6 billion

Editor
To meet the rising global demand for energy, ADNOC Drilling Company has awarded Integrated Drilling Fluids Services (IDFS) a five-year framework agreement valued at up to $1.6 billion. The agreement will help ADNOC expand its lower-cost and lower-carbon production capacity. Oilfield Services (OFS) revenue will increase by $150 million per......
Business

PM Modi lays foundation stone for transport aircraft manufacturing project

Editor
Indian Prime Minister Narendra Modi has said that India is moving toward becoming a global manufacturing hub with its cost-effective manufacturing capabilities, high-standard comparative environment and ease of doing business. In laying the foundation stone for the C-295MW transport aircraft manufacturing project at Vadodara, Gujarat today, the Prime Minister said......