Petrobras sets new production record in Q4 2019
It produced over 3 million barrels of oil equivalent per day in the fourth quarter
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Prime residential market in Dubai grows by 22% in 2019
Deals for prime properties in Dubai amounted to Dh42.3 bn in 2019, compared to Dh34.4 bn in 2018
Sanad, Ethiopian Airlines partner to establish MRO centre in Africa
Both airlines will first establish a centre of excellence for the repair and overhaul of auxiliary power units in Addis Ababa
Kenya Airways expands codeshare agreement with Alitalia
Alitalia will place Kenya Airways’ flight code on its flights from Rome to places in South America and Seoul
GoJek further diversifies, launches insurance unit GoSure
Gojek is partnering with local insurtech startup PasarPolis to roll out the new service
Egypt’s CIB to raise E£15 bn to fuel expansion
The proposal is subject to approval from the general assembly meeting, which is scheduled on March 15
Worldline Ingenico deal to create world’s fourth-biggest payments company
The deal to buy Ingenico would cost Worldline around €7.8 bn
Dubai property prices to rebound despite new additions
Experts believe property prices will rebound due to positive market sentiment and decline in new projects
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
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