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Arab Steel Summit

August 24, 2020

Tata Steel : World economy to see ‘worst contraction’ in 2020

Steel demand is expected to decline significantly in 2020-21 in line with a projected contraction in the global economy due to the impact of coronavirus pandemic, Tata Steel NSE 2.22 % has said in its annual report. Most of the steel producing regions are expected to witness a decline in crude steel output due to production cuts amidst …

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Saudi energy ministry to assist development of mega economic zone Neom

Saudi Arabia’s energy ministry is to offer assistance so that Neom, a $500 billion high-tech development that includes tourism and sport facilities on the Red Sea, can be completed on schedule, minister Abdul Aziz bin Salman said on Sunday. The 26,500 square km (10,230 square mile) development, first revealed in 2017 with a planned completion …

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