Alfa, Harbour Energy to buy Pacific Rubiales for $5 billion: source
Mexican conglomerate Alfa Sab de CV (ALFAA.MX) and Harbour Energy Ltd have agreed to acquire Canadian oil and gas…
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industry and trade
UAE’s Dana Gas records 73% Profit fall due to Oil Price Decline
Sharjah-based Dana Gas reported lower sales and profit in the first quarter, as cost-cutting failed to mitigate the…
Lufthansa faces more Cost-Cuts despite Profits Improvement
German airline Lufthansa, hit by a series of strikes, has warned that more cost-cutting is needed. The carrier…
Cement Makers Holcim and Lafarge win U.S. Antitrust Approval to merge
Holcim Ltd (HOLN.VX), a Swiss company, and Lafarge S.A. (LAFP.PA), which is based in Paris, on Monday won U.S.…
China sets Rules to lure Private Investment in Infrastructure
China has put in place rules to protect private investors and expand opportunities in infrastructure and utility…
Free Trade Zone linking 26 African States Pivotal for Africa’s Progress
A free trade zone linking 26 countries in Africa shall encourage more foreign investors to seize available…
Egypt’s Petroleum Corporation converts 4 Gas Stations to run with Solar Power
The state-run Egyptian General Petroleum Corporation (EGPC) has completed the conversion process of four gas…
In 4 months, Egypt imports 100.000 tonnes of Steel worth $63 million
Egypt has imported 100.000 tonnes of steel since the beginning of 2015 with total cost of 480 million Egyptian…
China April HSBC PMI shows Biggest Drop in Factory Activity in a year
China's factories suffered their fastest drop in activity in a year in April as new orders shrank, a private…
Exclusive: GM set to storm India as Korea costs climb
General Motors (GM.N) aims to grab at least 5 percent market share in India within the next decade, as it sees that…
