The subsidiaries of royal dutch shell PLC Shell Egypt N.V. and Shell Austria GmbH completes sale of Desert assets in Egypt to Cheiron Petroleum and Cairn Energy, for a base consideration of US$ 646 million and additional payments of up to US$ 280 million between 2021 and 2024. Having received final government and regulatory approvals […]
National Bank of Fujairah (NBF) the co-operative bank has announced that it has launched its electronic trading platform – NBFX. Widening its digital offerings, the trading platform offers customers a bespoke digital experience to hedge their treasury requirements and is available for both conventional and Shariah-compliant banking customers. The 24/5 availability means that customers can […]
The American automotive multinational corporation GM has announced that it will invest $300 million in Chinese startup Momenta to develop next generation self driving technologies for future GM vehicles in china. With a vision of a world with zero emissions, zero congestion and zero crashes The company is investing aggressively in a comprehensive and highly-integrated […]
DWTCA (Dubai World Trade Centre Authority) and Securities and Commodities Authority (SCA) has issued approval and license to start crypto assets trading. The agreement was signed by Acting Chief Executive Officer of SCA, H.E. Dr. Maryam Al Suwaidi, and Director General of Dubai World Trade Centre Authority (DWTCA) H.E. Helal Saeed Almarri. The trade centre […]
The Qatari multinational telecommunications company Ooredoo Group and multinational conglomerate CK Hutchison to merge their Indonesian Businesses to Create a New World-Class Digital Telco for Indonesia. Both the companies has announced the signing of definitive transaction agreements for the proposed merger of their respective telecommunications businesses in Indonesia, The merged company will be named PT […]
Vietnam’s airline company Bamboo Airways to sign $2 billion deal with General Electric (GE) for GEnx engines to power Boeing 787-9 Dreamliner aircraft according to the Chief Executive Officer of Bamboo Airways, Dang Tat Thang. This deal will be signed in the United States in the presence of Vietnam President Nguyen Xuan Phuc during his […]
The Japanese conglomerate SoftBank Group commits $3 Billion to Launch SoftBank Latin America Fund II which will bring a total commitment of $8 billion. This is the banks second dedicated private investment fund focused on technology companies in Latin America. The Chief Executive Officer of SoftBank Group Marcelo Claure said: “Over the past two years, […]
The American multinational financial services Wells Fargo announces Digital Infrastructure Strategic Partnerships With Microsoft and Google Cloud. The strategy includes clubbing multi-cloud approach with third-party data centres to drive technological speed, agility, and scalability for its customers and employees. Wells Fargo’s Central to the digital infrastructure strategy is selection of two industry leaders as its […]
Over the last decade DP World has made investments in billion and the current investment of £300 million will build on the £2 billion investment this depicts the next step by the leading global provider of smart logistics in delivering integrated supply chain solutions for customers. The Group Chairman and Chief Executive Officer of DP […]
The American multinational energy corporation Chevron invests $10 billion to accelerate lower carbon energy businesses. The company has set few growth targets following 2030 for new energy business, few among them are, to grow renewable natural gas production to 40,000 MMBtu per day to supply a network of stations serving heavy duty transport customers. To […]
One of the largest holding companies in middle east ADQ, has announced its plans to list Abu Dhabi Ports on Abu Dhabi Securities Exchange. A portion of existing shares is expected to be sold on the listing of Abu Dhabi Securities Exchange (ADX) to investors in the UAE. The Chairman of Abu Dhabi Ports, H.E. […]
The training solutions provider TUV SUD inaugurates S$100 million regional hub in Singapore. Reasserting the company’s commitment to partner the city state in its next stage of growth. The technology combination lays the foundation for realising autonomous and sustainable buildings in the near future. TÜV SÜD and ComfortDelGro Engineering announced a partnership to jointly develop […]
The global payments & technology company Mastercard acquires CipherTrace to enhance crypto capabilities. As digital assets, including cryptocurrencies and non-fungible tokens (NFTs), become more intertwined with everyday activities from the way people pay and get paid to how they invest trust and security will be critical enablers to ensure broad adoption and scale. These new […]
TotalEnergies, The French oil giant has signed a contract worth $27-billion to invest in gas, oil and solar energy production in Iraq, said the country’s oil minister. As the minister Ihsan Ismail signed the contract with TotalEnergies chief Patrick Pouyanne in Baghdad it is predicted that this deal is supposed to reduce Iraq’s dependence on […]
The multinational health care company Baxter to acquire medical technology leader Hillrom for $12.4 billion. Hillrom will bring complementing products and innovative pipeline that will enable Baxter to provide a broader array of medical products and services to patients and clinicians across the world. Both the companies will combine together and accelerate the expansion of […]
