Business

WB approves $600m loan for Salt Lake storage

By The Frontier Post | May 24, 2018

Monitoring Desk ISTANBUL: The World Bank approved a $600 million loan for Turkey’s Gas Storage Expansion Project, which aims to support capacity increases at the Salt Lake Natural Gas Storage Facility, the Bank announced Wednesday. The project’s aim is to increase the reliability and security of gas supplies in Turkey by expanding the underground gas […]

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Salman’s eyes entertainment sector

By The Frontier Post | May 24, 2018

Monitoring Desk RIYADH: Saudi Arabia is looking to the entertainment sector with a view to diversifying its economy away from petroleum, which has recently suffered from a decrease in international prices. Since Mohammad bin Salman was made crown prince last summer, the kingdom has stepped up its search for alternative means of income. In February, […]

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Tesla’s Musk promises to fix braking issue in Model 3

By The Frontier Post | May 23, 2018

NEW YORK (Reuters): Tesla Chief Executive Officer Elon Musk has sought to play down a report identifying “big flaws” in its Model 3 sedan, admitting there is a braking issue with the vehicle but saying it will be fixed with a software update within days. Responding to a review by influential US magazine Consumer Reports […]

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