Recent Posts

Europe’s leading livestock fair coming to Abu Dhabi

ABU DHABI / WAM The inaugural edition of EuroTier Middle East, a leading trade show for animal husbandry and livestock management, is set to take-off on September 2 with 16 countries participating in the event, including Saudi Arabia, the event’s ‘Guest of Honour’. The event will take place in the nation’s capital, Abu Dhabi, under the patronage of HH Sheikh ...

Read More »

BP exiting Alaska with $5.6bn sale to Hilcorp

Bloomberg BP Plc agreed to sell its entire business in Alaska to closely held Hilcorp Energy Co. for $5.6 billion, ending a six-decade presence in the state as oil production there declines. The deal includes BP’s operating stake in Prudhoe Bay, the largest-producing oil field in US history, as well as all its Alaskan pipelines. It makes Hilcorp, the oil ...

Read More »

German locomotive takeover gives China low-cost route into Europe

Bloomberg China’s world-leading train maker CRRC has gained control of one-quarter of the European diesel-locomotive market in a single purchase costing less than 10 million euros. The acquisition of the Vossloh AG business provides China Railway Rolling Stock Corp. with a major toehold in a region where rail travel is ousting cars and planes faster than anywhere else. CRRC’s Zhuzhou ...

Read More »
Send this to a friend