EnergyTop StoriesEgypt’s SDX Energy announces new gas discovery in MoroccoGBO CorrespondentJanuary 31, 2020 GBO CorrespondentJanuary 31, 20200914 The North Africa-directed exploration and production firm is also getting ready to drill a couple of new exploration wells at Disouq in Egypt
FinanceTop StoriesCosts of grounding 737 Max to exceed over $18 billion: BoeingGBO CorrespondentJanuary 31, 2020 GBO CorrespondentJanuary 31, 20200850 The aircraft manufacturing giant also said it would incur a further loss of $410 million due to its unsuccessful rocket launch last year
TechnologyTop StoriesSaudi Telecom Company unveils region’s first autonomous 5G busGBO CorrespondentJanuary 30, 2020 GBO CorrespondentJanuary 30, 202001706 The state-owned telecom firm recently started 5G network services in the Saudi market, commencing its commercial operations in June last year
FinanceTop StoriesSingapore’s GIC acquires stake in Myanmar’s Yoma BankGBO CorrespondentJanuary 30, 2020 GBO CorrespondentJanuary 30, 202001308 In latest investing round, GIC and Norway’s Norfund AS will purchase around 30 percent of the business for $88.7 million.
FinanceTop StoriesHSBC mulling over withdrawing its operations in TurkeyGBO CorrespondentJanuary 30, 2020 GBO CorrespondentJanuary 30, 20200868 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
FinanceTop StoriesWealthy investors exude positive outlook for 2020GBO CorrespondentJanuary 29, 2020 GBO CorrespondentJanuary 29, 20200827 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
TechnologyTop StoriesUnassignedUK gives nod to restricted 5G presence of HuaweiGBO CorrespondentJanuary 29, 2020 GBO CorrespondentJanuary 29, 20200767 The Chinese telecom giant would however, not be permitted to foray into highly secured places like military centres and nuclear installations.
EnergyTop StoriesSunseap obtains S$50 million from Temasek, ABC World Asia for solar schemesGBO CorrespondentJanuary 29, 2020 GBO CorrespondentJanuary 29, 20200975 Credit Suisse Singapore and DBS Bank performed the role of financial advisers to Sunseap for this transaction.
FinanceTop StoriesEuropean Union incurs loss of €170 billion a year due to tax evasionGBO CorrespondentJanuary 29, 2020 GBO CorrespondentJanuary 29, 20200995 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.
FinanceTop StoriesIn Indonesia, debit card spending may surpass credit card spend in 2019GBO CorrespondentJanuary 29, 2020 GBO CorrespondentJanuary 29, 20200914 Digital payments may leap from Rp639.9 trillion to Rp821.2 trillion between 2019 and 2023, with debit cards forming the bulk of transactions.