UAE-based renewable energy firm Masdar to develop 5 solar projects in Iraq
The first phase of the project will include the generation of 1,000 megawatts out of a total capacity of 2,000 megawatts
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AET Tanker Holdings is hopeful about LNG’s maritime decarbonisation
This decision comes after the international shipping’s environmental emissions come under the scanner
Saudi Arabia’s GDP to grow by 3.3% in 2022: World Bank
The growth will be driven by the Kingdom’s non-oil sector
Singapore-based logistics startup Qxpress acquires KorChina
Qxpress plans to expand its presence through this acquisition
Covid-19 crisis to cost the global aviation industry $201 mn between 2020-2022
The aviation sector will only return to normal in 2023
Saudi Arabia’s Alturki Holdings oil arm acquires drilling firm Newsco
Sawafi will now control 9 patents in directional drilling
Microsoft’s financial cloud services to be available from November
Virgin Money UK will be the first user of the financial cloud service
Germany commits €100 mn investment for renewable energy in Africa
The funds will go to Sustainable Energy funds for Africa
Indonesian investment platform Ajaib raises $153 mn to expand its product development and engineering capabilities
The funding round led to Ajaib becoming the latest unicorn in the country
Deutsche Bank plans further consolidation, to close branches in Europe
The lender is planning to cut its branches in Italy and Spain