Modi, Putin instruct officials to expand cooperation, target USD 100 bn trade by 2030: Envoy
Prime Minister Narendra Modi and Russian President Vladimir Putin have instructed their governments to deepen bilateral cooperation as the two countries work […]
China urges US Treasury to stop proposed restrictions on tech investments
Chinese officials called on the U.S. Saturday to reconsider its proposed rule seeking to further restrict American investments into its tech industry, […]
Citi gets nod from Beijing to set up a wholly owned securities company in China
Citi said on Friday it has received approval from Chinese regulators to set up a wholly owned securities company in the world’s […]
Brazilian stocks surge to record after Bolsonaro election lead
The Ibovespa index hit a record high of almost 210,000 points after Sunday’s presidential election, which heads to a run-off in three […]
Angola invites Namibia to invest in $6.6bn Lobito oil refinery project
Angola has invited Namibia to acquire an equity stake in its planned 200,000 barrels per day (bpd) Lobito oil refinery, offering its […]
Greenpeace Protest Forces Shutdown at Woodside’s $12.5 Billion Gas Project
Two Greenpeace activists were arrested in Australia after they caused a halt in operations at Woodside Energy’s Scarborough LNG platform, off the […]
US wants Senegal debt restructuring wrapped up in less than a year
The United States views Senegal’s request for debt restructuring as a “great example” of progress on the Group of 20 Common Framework, […]
Angola aims for faster oil and gas concessions as part of new regulatory revamp
Angola intends to implement faster exploration concessions from next year as part of a new long-term hydrocarbon strategy that aims to attract […]
Taiwan Commits Up to $4.4 Billion to Alaska LNG Megaproject
Taiwan has agreed to invest up to $4.4 billion in the Alaska LNG project and commit to buying 30% of its output […]
88-year-old African company and top Chinese hydropower construction firm sign a joint $2.2 billion deal for an energy project in Saudi Arabia
Founded in Cairo in 1938 as a family businesstrading electrical equipment, Elsewedy Electric, currently led by Managing Director Ahmed Elsewedy, has expanded into […]
France moves to become top shareholder in mining giant behind Gabon’s world-leading manganese operation under $558 million funding plan
The move would put the French state ahead of the Duval family in the shareholder register of a group whose African businesses […]
Shell Slams Australia’s Plan to Force LNG Producers to Supply Domestic Market
Shell has spoken out against a plan by the Australian government to ensure domestic gas supply by mandating LNG producers to reserve […]