Pakistan, Germany ink deals worth €45m | The Express Tribune
ISLAMABAD: Pakistan and Germany on Wednesday signed Euro 45 million assistance agreements on Technical Development Cooperation for starting new bilateral cooperation projects. Dr Kazim Niaz, Secretary for Economic Affairs Pakistan, and Alfred Grannas, German Ambassador to the Islamic Republic of Pakistan, witnessed the ceremony for the signing of Euro 45 million agreements on Technical Development […]
Cybercrime to cost Germany €206b in 2023 | The Express Tribune
BERLIN: The theft of IT equipment and data, as well as digital and industrial espionage and sabotage, will cost Germany €206 billion ($224 billion) in 2023, German digital association Bitkom said on Friday. The damage will surpass the €200 billion mark for the third consecutive year, according to a Bitkom survey of more than 1,000 […]
Germany announces €163m aid for Pakistan | The Express Tribune
ISLAMABAD: German Parliamentary Minister for Economic Affairs Niels Annen on Tuesday announced economic assistance worth 163 million euros for Pakistan. He made this announcement during his meeting with Economic Affairs Minister Sardar Ayaz Sadiq, saying the assistance would be given in lieu of three to five years development projects. According to the press release, Germany […]
Germany to fund projects worth €28m | The Express Tribune
ISLAMABAD: Germany signed two framework agreements worth €28 million, on Thursday, that will focus on the socio-economic uplift and sustainable development of Pakistan. Ambassador of the German government, Alfred Grannas, and the Ministry of Economic Affairs to Pakistan, Dr Kazim Niaz, signed agreements in the energy and governance sectors. According to details, Germany will provide […]
Germany to get new Qatari LNG flows | The Express Tribune
Germany is set to receive new flows of Qatari liquefied natural gas (LNG) from 2026 after QatarEnergy and ConocoPhillips on Tuesday signed two sales and purchase agreements for its export covering at least a 15-year period. Since Russia’s invasion of Ukraine in February, competition for LNG has become intense, with Europe in particular needing vast […]
Germany prepares crisis plan for end to Russian gas | The Express Tribune
BERLIN: German officials are quietly preparing for any sudden halt in Russian gas supplies with an emergency package that could include taking control of critical firms, three people familiar with the matter told Reuters. The preparations being led by the Ministry for Economic Affairs show the heightened state of alert about supplies of the gas […]
Germany may invest in cyber security | The Express Tribune
ISLAMABAD: The German Emirati Joint Council for Industry and Commerce has expressed interest in investing in cyber security technology in Pakistan. Embassy of Germany in Pakistan First Secretary Christian Boettcher and Pakistan’s representative at German Emirati Joint Council for Industry and Commerce Muhammad Usman held a meeting with Board of Investment (BOI) Secretary Fareena Mazhar […]
Germany, Qatar at odds | The Express Tribune
LONDON: Germany and Qatar have hit difficulties in talks over long-term liquefied natural gas (LNG) supply deals amid differences over key conditions, including the duration of any contract, three people familiar with the discussions told Reuters. Germany, which aims to cut its carbon emissions by 88% by 2040, is reluctant to commit to Qatar’s conditions […]
Germany aims to find alternative to Russian oil | The Express Tribune
BERLIN: Germany hopes to find a way within days to replace Russian oil with supplies from other sources, Economy Minister Robert Habeck said on Tuesday, adding that Germany could then cope with an EU embargo on Russian oil imports. Under pressure to reduce its dependence on Russian energy, following Moscow’s invasion of Ukraine, Germany has […]
Germany plans over €100 billion aid for companies | The Express Tribune
BERLIN: Germany plans to offer more than €100 billion ($108.8 billion) worth of aid to companies hit by fallout from the war in Ukraine, according to a document from the finance and economy ministries seen by Reuters on Friday. In the plan, later published by the ministries, the government labelled the aid a “protective shield” […]