DUBAI – Seoul-based Samsung Engineering has been awarded a $840 million contract for work on the giant Zubair oilfield development in Iraq. Italy’s Eni awarded a...
SEOUL – Head of Samsung Electronics Co’s mobile business, J.K. Shin, received a $5.8 million compensation package last year, beating the paycheck of his counterpart at...
ABUJA – Another round of fuel scarcity is looming following plans by the leadership of the Independent Marketers Association of Nigeria (IPMAN) to shut its over...
BEIJING — China’s five biggest state-owned banks stepped up their efforts to write off bad loans last year, highlighting mounting debt risks as the economy cools....
TOKYO – Today, Japan’s Mitsubishi Motors Corp said it has purchased the site of a former auto plant in Philippines from Ford Motors in other to...
…Creates world’s first R&D Open Lab to increase understanding of non-communicable diseases and support development of new medicines for Africa …Significantly increases African manufacturing presence to...
SAN FRANCISCO – Intel Corp’s investment in Cloudera announced last week amounts to $740 million and gives the chipmaker an 18 percent stake in the distributor...
ABUJA – According to The Central Bank of Nigeria CBN, at the end of February, 2014, the total amount of deposit Money Banks’ (DMBs’) reserve with...
BEIJING – Today, Crude oil futures were slightly lower in Asia as markets were weighed by the crisis in Ukraine and oil demand fundamentals with main...
ROME – The Government of the United Kingdom has released $13.7 million in emergency funding to FAO to help conflict-affected families in South Sudan restore their...