South Africa’s oil refiner’s future in jeopardy after oil refiners’ halts operations
Glencore’s Astron Energy has halted operations due to an explosion in July last year
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Vietnam’s telecom major Viettel plans to enter market in Cuba, North Korea
The company has plans to acquire 20 percent stake in an unnamed European telecom major and also acquire stakes in existing telecom firms in Indonesia
Dubai-based property developer Seven Tides records $152 million sales in 2020
Transactions worth over $19.6 billion were recorded in Dubai in 2020
Denmark-based shipping major UltraShip to deploy FOS for its vessels
The contract between UltraShip and Wartsila Voyage was signed in the fourth quarter last year and the solution is expected to be deployed by this
Shell restarts Prelude offshore project after a year
The development comes at a time when economies such as China has pushed LNG prices to the highest levels
Egypt records 5.1% inflation slump in 2020
The report indicates a 10.1 percent slump in the price of vegetables, followed by a 0.6 slump in the price of fish and seafood
Oman eyes fresh loans up to $2 bn from regional and local banks
The Sultanate held talks with different banks for the development in November last year
NNPC seeks funds worth $1 billion to revamp Port Harcourt refinery
The repayment is expected to be completed over seven years through deliveries of Nigerian crude and products
UK, UAE gears up to fulfil clean energy goals
The UAE has rolled out the world’s most innovative solar, wind and waste-to-energy project in recent years
Emirates NBD to launch NFC-based digital identity verification solution
The new banking NFC -based solution is known as the TruID solution