Petronas an oil and gas company which is owned by Malaysian Government has started production from the Ghazeer gas field in Block 61, Oman, Through PC Oman Ventures(subsidiary of Malaysian oil and gas giant Petronas) and its partners BP Exploration (Epsilon) Ltd and Makarim Gas Development LLC. It was confirmed by The national oil firm […]
Fintech Saudi and Flat6Labs have launched the Fintech Accelerator, a unique innovation and entrepreneurship program. Fintech Saudi is an initiative launched by the Saudi Arabian Monetary Authority (SAMA) to act as a catalyst for the development of the financial services technology. This intensive 3-month Fintech Accelerator program brings together Fintech Saudi’s market reach and Flat6Labs’ resources […]
The U.S. Department of the Treasury turned up pressure on Iran by sanctioning 18 major banks in order to isolate it from the global banking system and thwart attempts to build nuclear weapons. The Office of Foreign Assets Control (OFAC) today 16 Iranian banks for operating in Iran’s financial sector and one bank for being […]
Logistics giant Aramex said today it will make a non-recurring provision of $15.1 million for disruption caused to its business by the Beirut port explosion and a fire that blazed through warehouses in Morocco. Both incidents occurred in the third quarter of the year. The August 4 blast, caused by ignition of 2,750-tons of stored ammonium […]
The Abu Dhabi Investment Authority (ADIA) sovereign wealth fund has purchased 1.2% stake in India’s Reliance Retail Ventures for $750 million or 4.29 trillion rupees. With this latest investment, Reliance Retail Ventures Ltd. (RRVL) has raised 377.1 billion rupees from global investors including Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG and ADIA in less than […]
French telecom giant Orange’s new Sanza touch Smartphone has made it to the list of world’s cheapest 4G Android smartphones selling at $30 apiece. “As part of the line-up of activities for the GSMA Thrive Africa 2020, Orange announced the Sanza touch – an exclusive Orange smartphone and the most affordable 4G Android (Go edition) device […]
Rolls-Royce completed testing of ground-breaking technology that will power the world’s fastest all-electric plane last week. All the technology has been tested on a full-scale replica of the plane’s core, called an ‘ionBird’, including a 500hp electric powertrain powerful enough to set world speed records and a battery with enough energy to supply 250 homes. […]
The Japan Government plans to provide COVID-19 vaccinations free of charge to all of its citizens. The government is set to shoulder all costs by the end of June next year when sufficient when the vaccine will be available in sufficient quantities. The plan to provide free COVID-19 vaccinations could be unveiled at a meeting […]
SkyGrid, a Boeing, SparkCognition company, today launched a new application for Drone operators and enterprises to automate every phase of flight in one unified solution. Now available for free in the iPad App Store, SkyGrid Flight Control simplifies mission planning and execution, allowing drone operators to autonomously surveil a defined area and detect objects in […]
A group of 40 Japanese companies aim to develop AI-powered Robo Ship by as early as 2025. The project is backed by Nippon Foundation, a non-profit organisation. It wants to have unmanned vessels account for 50% of domestic shipping by 2040, Nikkei Asia reported last week. The development will be carried out with the help […]
Saudi Aramco will ship blue ammonia to Japan, where it will be used in power stations to produce electricity. Aramco and the Institute of Energy Economics, Japan (IEEJ), in partnership with SABIC, have successfully sent blue ammonia from Saudi Arabia to Japan with support from the Japanese Ministry of Economy, Trade and Industry. Forty tons […]
Researchers at Carnegie Mellon University (CMU) have developed a low-cost sensor that can identify COVID-19 antibodies in approximately 10 seconds. The novel sensor is based on a special structure of tiny gold electrodes that are 3D printed using the Optomec Aerosol Jet process. The technology would allow clinicians to instantly and accurately detect the COVID-19 […]
