Emirates Group, the international aviation holding company of Investment Corporation of Dubai, has announced a $670 million profit for the financial year ending March 31, 2017, representing 70 per cent increase as against last year’s record profit. For 29th consecutive years, the group has made profit and steady business expansion despite a turbulent year for […]
Oil prices fell on Monday after data showed Chinese exports declined for a fourth straight month, sending jitters through a market already concerned about damage to global demand by the trade war between Washington and Beijing. Brent futures were down 64 cents, or 0.99%, at $63.75 per barrel by 1153 GMT, after gaining about 3% […]
Nigeria’s power generation has been significantly reduced due to a gas pipeline leak that forced the shutdown of four power stations, the nation’s grid operator said on Friday. The closure of the Egbin, Omotosho, Olorunsogo and Paras power stations highlights the precarious electricity supply in a nation where power cuts are endemic. The Transmission Company […]
