Browsing: Business
As part of Abu Dhabi’s Offshore Block 2 Exploration Concession, operated by Eni, Abu Dhabi National Oil Company (ADNOC) has announced a second gas discovery. Approximately 1 to 1.5 trillion standard cubic feet (TSCF) of raw gas have been located
In the first half of 2022, Borouge Plc, a petrochemical firm that produces innovative and differentiated polyolefin solutions, reported a 16.4% increase in revenue to $3,460 million versus the same period last year. This was driven by an 8.6% growth
In connection with the Hail and Ghasha Development Project, Abu Dhabi National Oil Company (ADNOC) announced the award of two large contracts totaling $2 billion (AED7.49 billion) to ADNOC Drilling. A total of $1.3 billion (AED4.89 billion) will be spent
MENA Newswire: Dailyhunt, India’s #1 local language content discovery platform powered by VerSe Innovation, today announced its strategic multi-year content partnership with MENA Newswire, a media-tech startup that is reshaping the future of content distribution across the Middle East region.
Abu Dhabi’s global tech ecosystem Hub71 has announced an alliance with LegalTech startup Clara, which provides automated legal services for startups. Clara’s innovative digital platform will be available to Hub71-based startups, facilitating the complex legal processes involved in setting up,
Under its Food Security Action Plan, the OPEC Fund for International Development (OFID) has signed a $30 million loan agreement with Banco Sudameris S.A.E.C.A. in Paraguay. Farmers and agribusinesses will receive 40 percent of the loan in response to disruptions
On Saturday, Orange and MasMovil said they had signed a binding agreement to merge their Spanish operations, valuing the combined company at close to $19 billion. In addition to creating a heavyweight for mobile and broadband, the merger poses a
Snapchat’s shares plunged after it missed revenue expectations and warned it faces incredibly challenging conditions. As a result of disruptions in the supply chain, advertisers are cutting spending. After-hours trade in New York saw Snap shares plunge more than 25%.
India has registered tremendous growth in merchandise and service exports in the last fiscal year. A total of $676 billion worth of exports were made in the financial year 2021-22 under PM Narendra Modi’s leadership. This was stated by Minister
Investment in power projects in the Middle East and North Africa (MENA) is expected to rise from 2021 to 2025 due to strong economic growth and a goal of net zero emissions by 2050. Regional and global power and utility