ABU DHABI / WAM The trade exchange between the UAE and Ghana amounted to over $1.2 billion by the end of 2017,a according to a senior Ministry of Economy official. “Afro-UAE relations are significantly evolving and we are attaching growing importance to strengthening business ties with the Republic of Ghana,” said Abdullah bin Ahmed Al Saleh, Under-Secretary of the Ministry …

ST. PETERBURG / WAM Gazprom Neft, Mubadala Petroleum and the Russian Direct Investment Fund (RDIF), the sovereign wealth fund of the Russian Federation have announced the completion of a transaction establishing a joint venture to develop oil fields in the Tomsk and Omsk regions of Western Siberia. Further to an agreement announced on May 24 this year, Gazprom Neft has …

ABU DHABI / WAM Borouge on Wednesday signed with Marie Tecnimont Group, the Engineering, Procurement and Construction (EPC) contract for its fifth polypropylene (PP5) plant in Ruwais, which will grow Borouge’s polypropylene capacity by 25% to 2.24 million tonnes per year (t/y) and unlock new opportunities to reinforce local industries. With a nameplate capacity of 480,000 t/y, the new PP5 …