Rabat: The Board of Directors of the African Development Bank Group approved £205 million in financing for Morocco to support the implementation of the Rail Infrastructure Development Support Project (PADIF). The operation aims to enhance the capacity…
Islamabad: The World Bank’s Board of Executive Directors approved US$375.9 million in financing for Pakistan’s Grid Stability Enhancement Project, to strengthen its national power transmission network under the Boosting Energy Security through Transmi…
London: Oil prices experienced a decline of 2% at settlement. Brent crude futures decreased by $1.72, or 2.2%, settling at $76.30 per barrel. Meanwhile, US West Texas Intermediate crude futures also fell by $1.44, or 1.96%, closing at $72.08 per barre…
Shanghai: ADNOC Logistics and Services plc (ADNOC L and S) today announced a newbuilding order for an additional four next-generation LNG carriers valued at approximately US$900 million (AED3.3 billion). Each vessel will have a capacity of 175,000 m³,…