OPEC directs Nigeria to cut crude oil production for three months
The OPEC has set 1.829 million barrels per day as the production for the next three months for Nigeria
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Middle East’s economic recovery will be modest, says World Bank
The Kingdom’s IHS Market Saudi Arabia Purchasing Managers’ Index was 57 in December last year
Shipping majors NYK, MOL focuses on sustainability
MOL is mulling to establish a new sustainability division and will roll out a separate division to plan and promote its environment and sustainability strategies
Network International appoints new CEO, Simon Haslam to retire
Nandan Mer, currently MasterCard strategy head - International Markets will serve as the new CEO and will join the group from February 1
Investment in Canadian oil sector to grow exponentially this year
The combined investments in oil sands operations and conventional oil and gas production are expected to surge nearly $21 billion this year
London-based insurer BMS establishes Asia broking operations in Singapore
Sandra Lee has been appointed as the CEO of BMS Asia
China’s service sector rebounds at a slower pace
The country’s Purchasing Managers' Index (PMI) has hit a three-month low to 56.3 in December compared to 57.8 in November
Middle East investments in UK real estate segment to surge this year
Middle East capital flows into the United Kingdom have recorded a 6 percent slump to £1.4 billion last year due to the pandemic
Silicon Valley Bank plans to take over Boston Financial for $900 mn
The move marks a significant push by the bank into the wealth management segment
Vietnam’s economy to grow five times by 2015, says experts
Vietnam’s GDP is expected to grow 7 percent in the next five years and 6.6 percent in the subsequent decade