Energy giant BP and its partner Kosmos Energy have signed a new production sharing contract with Mauritania for the BirAllah gas field that could feed an LNG export development. Mauritania’s Ministry of Petroleum, Mines and Energy said in a statement that the agreement, which includes a period of 30 months, was signed on October 11. […]
It’s 2025, and you know what that means—time to go over what happened in the world of ransomware in 2024. Cash money. Rapid7’s new report on ransomware in the last year found that, unsurprisingly, the increase in attacks from ransomware gangs spiked again. Potential revenue from attacks could reach $380 million, Rapid7 surmised based on a median reported […]
Chinese electric car giant BYD shares hit a record high in Hong Kong trading Tuesday after the company said it is going all in on driver assistance with the help of DeepSeek, after previously taking a more cautious approach on autonomous driving technology. Shares rose more than 4% Tuesday morning to an all-time high of 345 […]
Taiwan has followed in Japan’s footsteps, expressing interest in buying more liquefied natural gas from the U.S. and more specifically from a project in Alaska, citing the country’s economy ministry. The statement reflects concern about the impact of tariffs that Trump has threatened to impose on all countries that run a trade surplus with the […]
The International Finance Corporation (IFC) has announced an equity investment of $50 million in Lagos Free Zone Company to support the expansion of the Lagos Free Zone (LFZ). The funding will be channelled into the first phase of the 860-hectare territory and is expected to help bridge infrastructure gaps, attract both local and international businesses, […]
Saudi Arabia’s Tadawul All Share Index ended Sunday’s trading in green, as it gained 35.56 points or 0.29 percent to close at 12,469.14. The main index witnessed a total trading turnover of SR4.70 billion ($1.25 billion), with 94 stocks advancing and 134 retreating. Saudi Arabia’s parallel market Nomu also gained 28.38 points to close at […]
The Saudi Arabian Mining Co., or Ma’aden, priced its $1.25 billion debut sukuk, oversubscribed by 9.2 times, with demand exceeding $11 billion for the five and ten-year tranches, according to an official statement. In a bourse filing, the company said it had completed the sukuk issuance through US dollar-denominated trust certificates, adding that they will […]
After targeting federal agencies like USAID and the General Services Administration, Elon Musk’s Department of Government Efficiency is about to take on the Pentagon, according to President Donald Trump. In a Super Bowl interview, Trump told Fox News that once DOGE digs into the Education Department, the Defense Department—which has an $850 billion budget—will be next. […]
President Donald Trump said he will announce on Monday that the United States will impose 25% tariffs on all steel and aluminum imports, including from Canada and Mexico, as well as other import duties later in the week. Trump also reaffirmed that he would announce “reciprocal tariffs” — “probably Tuesday or Wednesday” — meaning that the […]
He spent 30 years at powerhouse investment bank Goldman Sachs, where he rose to partner before “retiring” in 2004. In 2006, he became undersecretary of the US Treasury under President George W. Bush and helped prepare the government’s response to what became the biggest financial crisis since the Great Depression. He stepped in as CEO of troubled bank […]