PressAM

The perfect balance on news and information

Business

Business International Politics

“Elon Musk Meets with Chinese Premier, Sparks Hope for Continued US-China Cooperation”

American millionaire Elon Musk meets premier of China, Li Keqiang, in Beijing. Li expresses hope for continued US-China cooperation and praises Tesla’s electric vehicle efforts in China. Musk previously made controversial statement criticizing US elections during visit to China.

Business Politics Sports

“Minister Papoyan Leads Charge Against Rising Prices and Boosts Sports Economy at ‘Armenian Prices’ NGO Meeting”

Economic Minister Gevorg Papoyan attended a meeting of “Armenian Prices” NGO in Kotayk province, along with Deputy Minister Arman Khachatryan and Zaruhi Muradyan. The meeting discussed the NGO’s objectives in combating rising prices and implementing measures, as well as challenges and solutions in the sports and economy sectors. Import diversification, government support, athlete preservation, and field protection were also addressed.

Business Travel

“Dubai’s International Airport Takes Flight to New Location at Dubai World Central”

Dubai’s busiest international airport to relocate operations to Dubai World Central, a $35 million project spanning 10 years. Plans to transfer airport began in 2009, with images of Arab terminals included. Passenger traffic in 2022 expected to reach 66 million.

Breaking News Business Crime

“Shot in the Line of Business: Adyaman City Official Targeted in Violent Attack”

Last night, the main administration of Adyaman city in Turkey was attacked, leaving an official seriously injured. Reports indicate a financial dispute led to the assault. A state of emergency has been declared in the city.

Business Government Technology

Armenia to Introduce QR Codes in Mandatory Documents from 2026: Deputy Minister of Finance Reveals Game-Changing Solution

Starting January 1, 2026, Armenia will introduce QR codes in mandatory documents for tax purposes. This new system aims to simplify document management and ensure easy access to taxpayer information. Implementation is set for 2026 after extensive technical calculations and discussions with relevant authorities.

Business Finance

“Fueling Up: Friday Morning Sees Significant Spike in Gas Prices, Reflecting Rising Brent and WTI Crude Oil Costs”

Gas prices rise on Friday morning, with Brent crude oil reaching $89.35, up $0.34 (0.38%) from the previous closing price. WTI crude oil also increases by $0.29 (0.35%), closing at $83.86.

Business Finance Local News

“Mobile StantArt Takes the Lead, Gazprom Falls Behind: Top Taxpaying Companies Revealed by Armenian State Revenue Committee”

The State Revenue Committee announces the top taxpayers for Q1 2024. “Mobile StantArt” leads with 19.9 billion drams, followed by Gazprom with 18.1 billion. “Gazprom Armenia” dropped to 3rd place from last year’s 1st, paying 20.9 billion drams. “Mobile StantArt” has shown significant growth, surpassing last year’s 7th position. “Zangezur Copper-Molybdenum Combine”, “Grand Tobacco”, “Priti Uein”, and “Si Pi Es Enerji Group” also make the top list, followed by others.

Business Technology

Armenian Government Grants Special Import Exemption to High-Tech Companies: Boosting Jobs and Investments

Government exempts “FARMATEC” and “VALAN PROFE”, LLC from import duties for high-tech equipment. Investments, new jobs, and preferential treatment stimulate economic growth in Armenia.

Business Finance Markets

Oil Prices Surge in Morning Trading as US Inventory Data Influences Traders; Brent Crude Hits $88.17 Per Barrel, WTI Crude at $82.94

Oil prices are increasing with traders analyzing US inventory data. Brent crude rises to $88.17 per barrel, while WTI crude is at $82.94 per barrel on NYMEX, both surpassing previous rallying indicators.

Business Local News Technology

“Gazprom Armenia Announces Temporary Gas Supply Suspension in Multiple Areas: Check If You’re Affected!”

Gas supply to certain areas in Ijevan, Tavush region, and Yerevan will be suspended on April 26 for planned works. The suspension will also affect the town of Spitak, Lori region. Customers are advised to follow safety guidelines.