Egypt’s SDX Energy announces new gas discovery in Morocco
The North Africa-directed exploration and production firm is also getting ready to drill a couple of new exploration wells at Disouq in Egypt
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Costs of grounding 737 Max to exceed over $18 billion: Boeing
The aircraft manufacturing giant also said it would incur a further loss of $410 million due to its unsuccessful rocket launch last year
Saudi Telecom Company unveils region’s first autonomous 5G bus
The state-owned telecom firm recently started 5G network services in the Saudi market, commencing its commercial operations in June last year
Singapore’s GIC acquires stake in Myanmar’s Yoma Bank
In latest investing round, GIC and Norway’s Norfund AS will purchase around 30 percent of the business for $88.7 million.
HSBC mulling over withdrawing its operations in Turkey
The banking giant’s likely departure in Turkey, where it has its presence since 1990, would be HSBC’s largest country exit in recent times
Wealthy investors exude positive outlook for 2020
67 percent of rich investors have an optimistic attitude towards their own economy while 60 percent are buoyant as far as the global economy is
UK gives nod to restricted 5G presence of Huawei
The Chinese telecom giant would however, not be permitted to foray into highly secured places like military centres and nuclear installations.
Sunseap obtains S$50 million from Temasek, ABC World Asia for solar schemes
Credit Suisse Singapore and DBS Bank performed the role of financial advisers to Sunseap for this transaction.
European Union incurs loss of €170 billion a year due to tax evasion
Netherlands and Ireland are the biggest tax shelters in the EU, while the UK and Germany suffer the most due to tax avoidance and evasion.
In Indonesia, debit card spending may surpass credit card spend in 2019
Digital payments may leap from Rp639.9 trillion to Rp821.2 trillion between 2019 and 2023, with debit cards forming the bulk of transactions.