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Siemens wins tender for $1bn Turkish wind power project

ANKARA / Reuters Turkey picked Germany’s Siemens as the winning bidder for a $1 billion wind power project, a sign Ankara wants to keep business separate from the widening diplomatic row between the NATO allies. Relations have deteriorated amid the crackdown that followed the failed coup in Turkey last year. The arrest last month of 10 rights activists, including a ...

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Oman signs $3.55 billion loan with Chinese banks

DUBAI / Reuters The government of Oman has raised $3.55 billion through a loan from a group of Chinese financial institutions, the latest fundraising by the sultanate which has borrowed over $10 billion this year to replenish coffers hit hard by lower oil prices. Oman signed the senior unsecured term loan, with a five-year maturity, on July 11, the finance ...

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Trukkin’s cloud-based app to help deliver smooth logistics solution

DUBAI / Emirates Business Trukkin Middle East has launched its new cloud-based B2B platform that unites customers with shippers and truckers in the Middle East region to create new business opportunities and deliver streamline logistics solutions. The startup was the brainchild of entrepreneurs from Saudi Arabia and the UAE, and was co-founded by Ahmed Al Nafie and Janardan Dalmia. Trukkin ...

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