Colombian airlines Avianca files for bankruptcy
More than 80% of Avianca's income has been affected by the pandemic...
Category : Featured
Lamprell shuts two facilities to reduce overheads
Lamprell closed its Jebel Ali facility and the Sharjah facility will be shuttered following the completion of work on Moray East offshore wind farm...
Equity Bank launches Sh200 bn to support small firms in Kenya
The launch is a collaboration between Equity Bank and Kenya National Chamber of Commerce and Industry...
Saudi Arabia ranks 4th in terms of 5G technology use
The Kingdom ranks 10th in terms of internet speed...
Aramco to review SABIC’s price after 40% drop in its value
Last year, Aramco agreed to buy a 70% stake in Saudi Basic Industries Corp (SABIC)...
Singapore’s Temasek eyes stake in troubled Virgin Atlantic
Delta Air Lines currently holds 49% or Virgin Atlantic and the remaining 51% by Virgin Group...
Shell plans to develop three solar power projects in Brazil
Chinese public and private investors are also showing significant interest in Brazil's renewables market...
Kenya issues Sh50 bn bond to provide further support
Even the IMF approved $1.23 bn of emergency funding for Kenya and Uganda...
UK banks demonstrate financial strength to cope with Covid-19: BOE
The central bank observed that the UK is facing its harshest recession in 300 years...
British Airways to restart operations partially in July
The airline group does not expect to return to full capacity until 2023...