Dubai / WAM Dubai Customs reported a 23% growth in the value of Dubai’s foreign trade of sterilizers and disinfectants, which reached AED 70 million during the first half of this year, compared to AED 56.8 million in the corresponding period last year. Last June saw the highest rise in sterilisers trade by 95% to record AED18 million from AED9.8 ...

Bloomberg Sasol Ltd reported an annual loss after $6.5 billion in asset writedowns and the scheduling of a rights issue as its struggles continued amid the coronavirus pandemic. The shares slumped as much as 9.6%. Lower demand and prices for its products due to the virus, compounded by problems at its US Lake Charles chemical project, is making a bad ...

Bloomberg Chaparral Energy’s filed for bankruptcy protection for the second time in four years, paving the way for bondholders to take control of the Oklahoma driller in the aftermath of sluggish oil prices. The company filed for Chapter 11 in US Bankruptcy Court in Delaware as it seeks to restructure its balance sheet and raise new money. Almost 80% of ...