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A new blacklist of companies barred by the U.N.-recognized government from operating in Libya notably includes French oil giant Total, complicating an already-challenging business environment for foreigners.
European Commissioner for Competition Margrethe Vestager has expressed doubt about the necessity of a potential merger between Siemens’ and Alstom’s rail businesses in an interview with the German newspaper Die Zeit, Reuters reported Jan. 23.
The CEOs of ABB and Siemens are attending a conference in Dammam, Saudi Arabia, after both canceled their attendance at the kingdom's Future Investment Initiative (FII) conference in October, Reuters reported Nov. 25.
Saudi Arabia, the United Arab Emirates and other countries in the region want to use nuclear power to diversify their electrical grids. But the technology's declining economic competitiveness will limit ambitions to develop nuclear programs.