The Singaporean multinational bank DBS has begun trading on London Metal Exchange Which is one of the world’s leading platform for the trading of industrial metals. DBS has become the first bank in Asia to be issued a membership with LME outside of London. With this new membership, DBS’ corporate clients in Singapore, Indonesia, India, […]
The oil and gas company BP has agreed to join Statkraft and Aker to develop offshore wind energy in Norway. The partnership – in which bp, Statkraft and Aker Offshore Wind will each hold a 33.3% share – will pursue a bid to develop offshore wind power in the Sørlige Nordsjø II (SN2) licence area. […]
Abu Dhabi’s Mubadala Health acquires a major stake in UEmedical (United Eastern Medical services) from United Eastern Group (UEG) and Jadwa Investment. Through this acquisition, Mubadala Health adds the HealthPlus Network of Specialty Centers; Danat Al Emarat Hospital for Women & Children; HealthPlus Fertility, Moorfields Eye Hospital Abu Dhabi; the largest IVF provider in the […]
The health ministry of UAE has started Sinopharm covid vaccine trial for children below 18 Some members of Abu Dhabi’s ruling family had participated in the trial which administered China’s Sinopharm COVID-19 vaccine to children. The UAE in May approved the Pfizer-BioNTech vaccine for emergency use in children aged 12-15. Dubai, the second-largest member of […]
The South Korean GS Caltex makes its first carbon neutral crude oil purchase frrom Lundin Energy. GS Caltex has announced that it has purchased 2 million barrels of crude oil will be loaded in July to be delivered to Korea in September. GS Caltex can process up to 800,000 barrels of crude oil per day, […]
The Swedish multinational manufacturing company Volvo Cars and SSAB jointly test fossil free steel for the use in automotive industry. The chief executive at Volvo Cars, Håkan Samuelsson, said: “As we continuously reduce our total carbon footprint, we know that steel is a major area for further progress,”“The collaboration with SSAB on fossil-free steel development […]
The telecom giant Vodafone clubs with Samsung, Dell, NEC, Wind River, Capgemini Engineering and Keysight Technologies for open RAN (Open Radio Access Network) development in Europe. Vodafone believes that the move will spark other large-scale Open RAN launches and spearhead the next wave of digital transformation across Europe. With a huge support from European Commission […]
The airline and the flag carrier, Emirates Group, posts a $ 6.0 billion loss because of COVID-19, its first year of loss in over 30 years. The loss of AED 22.1 billion (US$ 6.0 billion) for the financial year ended in 31 March 2021 compared with an AED 1.7 billion (US$ 456 million) profit for […]
The North Sea between Norway and United Kingdom completes the world’s longest electricity link. The North Sea Link will help connect the electricity systems of the two countries via high voltage subsea cables from Kvilldal in Norway to Blyth in the UK. Linking Nordic and British energy markets will bring a number of benefits, including: […]
GlaxoSmithKline and iTeos Therapeutics to co-develop and co-commercialise the treatment for patients with cancer . Currently EOS-448, an anti-TIGIT monoclonal antibody is in phase one development, TIGIT which is a part of the CD226 checkpoint axis, has exhibited potential as a hopeful target for the next generation of immuno-oncology therapies based on compelling preclinical data […]
The telecom giant Altice group buys 12.1% stake worth £2.2 billion in BT Group to develop into the corporate’s largest stakeholder. Altice UK, In a filing with the London Stock Exchange, said that it had made the investment because it believes BT has a compelling opportunity to deliver one of the U.K. Government’s most important […]
BlackRock has become the first global asset manager licensed to operate Mutual Fund Business in China as the government of China opens up the country’s $3.5 trillion mutual fund industry. The company BlackRock, the world’s biggest asset manager, on Friday said the China Securities Regulatory Commission (CSRC) had given its Chinese fund management unit approval […]
The Corp, Astomos Energy has purchases carbon neutral LPG cargo at the scale of the Very Large Gas Carriers (VLGC) which is believed to be first of its kind from shell . This move by Astomos Energy is due to the tightened targets of carbon reduction around the globe as the global gas producers commit […]
The banking supervisory authority, Basel committee has actioned some toughest capital rule for crypto assets. The global regulators proposed that the banks must set aside enough capital to cover losses on any bitcoin holdings in full in a step that could possibly prevent wide-scale use of the cryptocurrency by big lenders. It has proposed a […]
The commodity trading company Trafigura and Yara International has signed MoU to explore business in clean Ammonia. Yara is one of the leading producer of nitrates, ammonia and other nitrogen based chemicals. The MoU (Memorandum of Understanding) signed between these companies is to collaborate on the development and promotion of the use of Ammonia. The […]
