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Author: Admin | 2025-04-28
Africa. Burjeel will operate five clinics in the cities of Abu Dhabi and Al Ain, and develop a new one in Al Wathba, about 20km south […] 41 seconds ago Energy BP to develop Iraq oil fields at potential cost of $25bn British oil company BP has finalised an agreement with the Iraqi government to redevelop four oil and gas fields in the northern Kirkuk region. BP is expected to invest up to $25 billion in the project over its lifetime, according to previous reports. The deal aims to rejuvenate Iraq’s oil production capacity. It also aligns […] 1 hour ago Banking & Finance Iraq plans digital currency to replace paper notes Iraq’s central bank is planning to issue its own digital currency to gradually replace local paper notes. The country’s central bank governor Ali Al-Allaq told a local press conference in Baghdad that the new currency is part of “radical” changes in the global financial and banking system. “These changes include the decline of paper notes […] 1 hour ago Manufacturing EV maker Lucid’s CEO quits as total losses hit $13bn Peter Rawlinson, the CEO of the Saudi Arabia-backed electric car maker Lucid Motors, has resigned after the Californian company’s total accumulated losses rose to almost $13 billion. Earlier this week, Lucid announced that its losses in 2024 were up almost 11 percent to $3.1 billion, from $2.8 billion the year before. Shares in Lucid, which […] 2 hours ago Mining UAE’s Ambrosia pays $500m to Allied Gold for Mali mine UAE fund Ambrosia Investment Holding has bought a 50 percent stake in a mine in the African state of Mali from Toronto-listed Allied Gold. Ambrosia Investment Holding, a newly formed investment fund chaired by Ahmed Amer Al Amry, agreed to invest about $500 million in Allied Gold, including $375 million for the stake in its […] 2 hours ago Finance Saudi’s first sovereign green bond oversubscribed six times Saudi Arabia’s sale of its first sovereign “green” bonds – together with more conventional fixed-income bonds – was oversubscribed six times, according to the Saudi National Debt Management Centre. The sale consisted of €1.5 billion ($1.58 billion) of seven-year, euro-denominated green bonds and €750 million 12-year conventional debt. A green bond is where the seller […] 3 hours ago Finance Egypt tops Arab list for international project investment Egypt received more international project investment than any other Arab country in the first 11 months of last year, with the UAE the biggest international investor. Egypt, the third largest Arab economy after Saudi Arabia and the UAE, attracted almost $30 billion in 122 international projects, equivalent to a third of all such projects in […] 7 hours ago Petrochemicals Aramco-owned Sabic
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