Recent Posts

Partners in Leviathan sign $1.3bn gas deal

Jerusalem / Bloomberg Israel’s natural gas companies and Noble Energy Inc. have signed the first contract to supply natural gas from the Leviathan site offshore Israel. Partners in Leviathan, Israel’s largest field, will supply 6 billion cubic meters of gas over 18 years to two power stations owned by local electricity producer Edeltech Group, according to an e-mailed statement. Under ...

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Nigeria faces currency woes in wake of oil price plunge

Lagos / AFP Onele Vincent and his colleagues are fed up with the rising cost of living. So they decided to do something about it and led a noisy protest at a top Lagos hotel where they work. “Things are more expensive, rent is high, food is high,” Vincent said last week in the lobby of the Southern Sun hotel, ...

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China can prevent a crisis, but not cost

Michael Schuman special to emirates business All of the pieces are in place for a financial crisis in China. The currency is weakening and, if left to the market, would likely plunge further. Capital outflows have hit record levels. Reserves are in retreat. A dramatic selloff on Shanghai’s stock market has wiped out all the gains from 2015’s bull run. ...

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