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Aramco buys 70% of SABIC for $69.1 billionDubai: Oil giant signed a deal last year with Saudi Arabia’s sovereign wealth fund, the PIF. Saudi Aramco purchased 2.1 billion shares, or 70 per cent, of Saudi Basic Industries Corp (SABIC) for 259 billion riyals ($69.1 billion) in four special transactions on Sunday..... Read more » Posted on : 6/14/2020 |
Businesses In The UAE Are Expanding Their Africa FocusDubai’s ongoing efforts to enhance its position as a gateway to African markets have played a crucial role in building new bridges of economic cooperation..... Read more » Posted on : 3/11/2020 |
UAE Introduced New Investment & Development Drive For AfricaThe UAE Minister for International Cooperation, Her Excellency Reem Al Hashimy said, "the Consortium would align the UAE government and its private sector’s commitment to Africa, combining aspiration for progress and resources to support it, into one focused entity to assist development and investment, contributing to a promising new future vision for Africa and Africans..... Read more » Posted on : 3/11/2020 |
USD 500 million commitment in UAE's Consortium for Africa to support youth, digitization, and business growthThe Consortium for Africa is the new approach of UAE to uplift the African continent. The initiative has unveiled in a summit with a committed investment of USD 500 million to help fulfill the vision of a turbocharged and connected Africa, driven by youth with a mission of nurturing and making the full use of youth powers in Africa..... Read more » Posted on : 3/3/2020 |
Fujairah Oil Stocks Bumps up to New Heights on Gains in all CategoriesInventories rose 13 per cent week on week to 25.98 million barrels as of last week, beating the previous all-time high of 25.749 million on April 29, 2019, data Wednesday from the Fujairah Oil Industry Zone showed. Stock reporting in Fujairah began at the start of 2017..... Read more » Posted on : 3/3/2020 |
