Business

US to invest USD 400 mln in semiconductor manufacturing

The US Department of Commerce said Friday that it signed a non-binding preliminary memorandum of terms (PMT) with Amkor Technology, Inc., to provide up to USD 400 million in proposed direct funding under the CHIPS and Science Act.

President Biden sig…

Turkey to offer $30 billion in high-tech incentives

Istanbul, His Excellency Recep Tayyip Erdogan, President of the Republic of Trkiye, announced that Trkiye will provide $30 billion in financial grants and tax incentives for high-tech investments.

His Excellency unveiled the high-tech incentives prog…

Gulf Air signs an agreement with GAPTU

Paris, Gulf Air, the national carrier of the Kingdom of Bahrain, announced that it has signed a Collective Labour Agreement with the Gulf Air Pilots Trade Union (GAPTU). The agreement settles a longstanding dispute over pilot employment terms and allo…