Qatar’s Commercial Bank has announced an offer to acquire 15.2 per cent of the issued capital of National Bank of Oman. This deal is expected to boost Commercial Bank’s stake over 50% keeping it as the biggest shareholder ahead of the government of Oman’s 26.18% stake. Commercial Bank in a statement said according to the […]
The National Aeronautics and Space Administration is an independent agency ( NASA ) of the U.S. has selected two new Missions to study Venus. The mission which is the part of NASA’s discovery program aims to understand how Venus became an inferno like planet when most of the characters are similar to our planet. From […]
The Oil Giant Petronas Carigali Sdn Bhd has granted its Deepwater EPCIC Contract to FMC Wellhead Equipment Sdn Bhd, a subsidiary of TechnipFMC. The contract includes construction, Engineering, Procurement, Commissioning and Installation for subsea production system, Umbilical, Riser and Flowline (SURF) for its Limbayong Deepwater Development. The signing was held virtually it was represented by […]
The electric car giant Tesla to buy $1 billion worth Australian minerals for batteries and engines The minerals include Australian Lithuim, nickel and other critical minerals. Robyn Denholm, the Chairwoman of Tesla, said in a speech during a Minerals Council of Australia event. “Australia has the minerals to power the renewable energy age throughout the […]
The Competition and Markets Authority of United Kingdom has announced the approval of the joint venture between Telefonica and Liberty Global to club Virgin Media and O2. The combination between Liberty global and Telefonica will create a strong competition in UK market and also will support the expansion of Virgin Media’s giga network and O2’s […]
Japan has approved semiconductor research project with Taiwan Semiconductor Manufacturing Company ( TSMC ) to develop chip technology worth $338 million. The chip making plants in Taiwan are among the largest and most advanced in the world, and the project is intended to boost Japan’s competitiveness in a key sector. The current move comes as […]
The British Investment bank HSBC holdings has announced that it will exit U.S. retail banking business to concentrate on its largest market in Asia. HSBC will be exiting 90 branches out of 148 branches and the bank will retain a small network of physical locations in existing markets, the bank will exit from all Personal, […]
The Largest solar developer in Europe, Lightsource bp will invest around €900 million in Portugal solar development. The company will enter into co-development partnership with local company named INSUN for five utility-scale projects. These projects will add over 1.35GW of low-carbon renewable power to Portugal’s energy mix. The projects are currently in the early stage […]
The South Korean portal operator Naver said that it plans to cut green house gas emissions to zero by the year 2040. A official from Naver said in a statement: “As digitalisation is accelerated under COVID-19, greenhouse gas emissions are expected to increase at a rapid rate,” “As a leading internet business, Naver will join […]
SberAutoTech, a subsidiary of Sberbank based in Russia has developed a self driving vehicle called FLIP, the company calls it “taxi of the future”. The company diversifies in areas ranging from food delivery, cloud computing taxi services and cyber security. The self driving vehicle FLIP is developed in such a way that it has a […]
The new Airbus A330neo has become the first large airliner to get certified by EASA (European Union Aviation Safety Agency) for ICAO’s (International Civil Aviation Organisation) new CO2 Emissions standard. Airbus will not only become the first manufacturer to receive such certification for any commercial aircraft globally, this also means that the aircraft which Airbus […]
The Dutch court ordered Shell oil company a subsidiary of Royal Dutch Shell plc to cut 45% of carbon emissions by 2030. This ruling could possibly pave the way for legal action against energy firms around the world. The district court in Hague ruled that the energy giant has a duty to reduce emissions and […]
The American multinational Carlyle Group buys UK pharmaceuticals Vectura Group for £958 million. Around 136 pence in cash plus a dividend of 19 pence for each share under the terms of the offer representing a 32% premium on the ex-dividend closing price of the stock. The chairman of Vectura group Bruno Angelici said: “Vectura has […]
The American based company Amazon web services to open data centres in United Arab Emirates ( UAE ) in the first half of 2022. The Middle East ( UAE ) Amazon Web Services will consist of three availability zones and will become AWSs second region in the UAE after Bahrain. With 25 geographic regions AWS […]
The American messaging app developer Snap to buy reality tech company WaveOptics for over $500 million. Snap introduced their next generation of Spectacles, which brings augmented reality to life. They are lightweight display glasses, made for creators to overlay their Lenses directly on to the world, exploring new ways to fuse fun and utility through […]
