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By Tajuddin
In BUSINESS
Jul 30th, 2018
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262 Views
Riyadh, Saudi Arabia (Bloomberg + DIPLOMAT.SO) – Saudi Arabia agreed to build a solar power plant and sell the electricity to Iraq at a steep discount to supplies the war-torn country previously bought from the kingdom’s regional arch-rival Iran. The deal, which hasn’t been approved yet by Iraq...
By Tajuddin
In BUSINESS
Jul 29th, 2018
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253 Views
Johannesburg, South Africa (Xinhua + DIPLOMAT.SO) – BRICS leaders will make all efforts to strengthen the multilateral trading system, according to a declaration released here on Thursday. The emerging-market bloc of BRICS, which groups Brazil, Russia, India, China and South Africa, issued the ...
By Tajuddin
In BUSINESS
Jun 30th, 2017
0 Comments
6749 Views
Abidjan, Ivory Coast (Xinhua + DIPLOMAT.SO) – A ceremony was held Friday in Cote d’Ivoire to officially mark the initiation of electricity generation at Soubre hydroelectric power station, which was built by a Chinese company. Launched in February 2013, the project started generating elec...
By Tajuddin
In BUSINESS
Oct 16th, 2016
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1888 Views
Nairobi, Kenya (Xinhua + DIPLOMAT.SO) – Kenya Airways has cancelled five flights to African destinations and delayed one as a strike by its staff members entered its third day on Sunday, leaving hundreds of passengers stranded in Nairobi, Kenya. The airline has cancelled flights to Mozambique&#...
By Tajuddin
In BUSINESS
Oct 14th, 2016
0 Comments
1761 Views
Tokyo, Japan (AFP + DIPLOMAT.SO) – Japanese mobile carrier SoftBank said Friday it hoped to raise as much as $100 billion for a new technology investment fund it has set up in partnership with Saudi Arabia. The company said it would invest about $25 billion in the SoftBank Vision Fund over the ...
By Tajuddin
In BUSINESS
Oct 14th, 2016
0 Comments
1766 Views
Khartoum, Sudan (Xinhua + DIPLOMAT.SO) – Sudan signed with Russia a number of agreements for exploring mineral fields in Sudan, said Sudan’s minister of minerals on Thursday. The agreements, signed between the mineral ministry and the Russian State Geological Company, covered development ...
By Tajuddin
In BUSINESS
Oct 14th, 2016
0 Comments
861 Views
Seoul, South Korea (AFP + DIPLOMAT.SO) – Samsung on Friday said the crisis over its exploding Note 7 smartphones would cost another $3 billion-plus in lost profit over the next two quarters, but hoped expanded sales of its other flagship handset would help cushion the impact. The profit warning...
By Tajuddin
In BUSINESS
Oct 13th, 2016
0 Comments
757 Views
Nairobi, Kenya ( Reuters + DIPLOMAT.SO) – Restructuring loss-making carrier Kenya Airways will take a month, the government said on Wednesday, appealing to pilots to withdraw a strike notice and join discussions. Tourism Minister Najib Balala, who sits in a cabinet sub-committee tasked with rev...
By Tajuddin
In BUSINESS
Oct 11th, 2016
0 Comments
760 Views
Warsaw, Poland (AP + DIPLOMAT.SO) – A dispute between Poland and a France-based helicopter producer over a scrapped multibillion-euro deal broke into the open Tuesday, with the company saying it had been misled for months over the agreement. Poland’s conservative government unexpectedly e...
By Tajuddin
In BUSINESS
Oct 11th, 2016
0 Comments
758 Views
Nairobi, Kenya (Xinhua + DIPLOMAT.SO) – Kenya is this month seeking to raise 297 million U.S. dollars from the domestic market for infrastructure projects in the energy, water and transport sectors. The East African nation is carrying out a number of infrastructure projects that include constru...