News / International
Spanish Giant Abengoa to Sell Assets, Free up Cash
The Spanish firm Abengoa, a major multinational company with concentrated interests in biofuels, solar, and other renewable technologies, is in the process of selling hard assets in a bid to free up cash, Reuters reported.
Primary School Electrification Continues in Kenya
The Rural Electrification Authority (REA) in partnership with Davis and Shirtliff has completed a Sh58m project to install solar systems in 33 public primary schools in Tana River and Lamu counties.
Soma Oil and Gas Under UK Investigation Over Corruption in Somalia
The Serious Fraud Office has opened a criminal investigation into British company Soma Oil and Gas.
Algeria Increases Oil Production by 32,000 b/d
OPEC member Algeria has increased crude oil output by 32,000 barrels per day after starting production at two fields, an energy ministry official said on Sunday.
US Takes Advantage of Slowing Solar Market in China
U.S. investors are keying in on Chinese solar manufacturers as a way to profit from the slowdown in the world’s second-largest economy.
India Debt Driving Iran Gas Field Investments
India has discussed ways of repaying $6.5 billion in overdue debt to Iran and development of a major gas field in the Persian Gulf, New Delhi-based media say.
Kuwaiti CEO Hails Saudis in Wake of Khafji Oilfield Dispute
Kuwait minister allegedly held Saudi Arabia responsible for financial losses due to oil field closure
VAT May Follow Gulf Fuel Subsidy Reforms
Value added tax (VAT) is being actively considered in many GCC countries and Egypt
