Major Chinese banks incur Q1 losses amid Covid-19 pandemic
Banks recorded a 9.4 percent dip in their Q1 net profit
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Petronas plans to acquire DoublePoint Energy
DoublePoint Energy pumps about 55,000 barrels of oil a day
Petrobras and Microsoft continue to work together despite of Covid 19 pandemic
The oil major will process its myriad of geological data with the help of Microsoft’s AI-based technology
Nigeria aims to increase oil production by 250,000 Bpd
The country is aiming for 500,000 bpd by 2022
First Abu Dhabi Bank announces capital worth Dh3.79 mn for SMEs
The bank also rolled out a digital invoicing solution for the SME’s
Bank of East Asia’s interim profits surge amid Covid-19 pandemic
The bank’s profit surged by 53 % to HK$1.53 bn in Q1
South African government launches clean energy project Baby Turtle
The project aims to provide electricity in rural areas
ADNOC sees strong return of oil demand amid Covid-19 pandemic
ADNOC is the major producer of oil in the UAE
ENOC collaborates with Dynamic Fuels to explore new international markets
ENOC will become the official distributor of its marine lubricant products in Spain
iKala raises $17 million to expand into new Southeast Asian markets
Wistron Digital Technology is the primary investor for iKala in the venture