Kuwait looks internationally for oil reserve increase

KUFPEC is looking at overseas assets to expand its oil assets and reserves. Kuwait has sought to purchase oil related properties internationally, such as as in Southeast Asia in order to meet output targets.


Versace set to sell minority shares

In an expected move, Versace is set to sell minority shares. The Italian luxury goods house Versace was, eariier this year was in discussion with a sale to Qatar, contracted to privately sell a minority stake in 2013.

Kazakhstan cancels purchase and assumes shareholding in Kashagan oil field

KazMunaiGaz purchases Kashagan oil field shares for Kazakhstan. Soon after the blocking the USD5 billion deal for ONGC Videsh Ltd, Kazakhstan soon transferred a 8.

Muthoot Finance to open 250 white label ATMs

Muthoot Finance announced the construction of new ATMs to expand its operations. One of the leading gold financing firms in India, Muthoot Finance, had drafted plans to construct 250 white label ATMs in the next three months.


Latest News

Theme park operator Merlin Entertainments Group had drafted plans to undertake an IPO. The Merlin Entertainments Group has planned to raise nearly GBP3 billion or USD4.
Three teenage 'exorcists' claim UK is overcome by Satan's work and spells from Harry Potter.
Chicago Cubs announced that it had signed a deal with Anheuser-Busch InBev valued USD500 million for the renovation of its Wrigley Field ballpark.
Slovenia officials said on Friday that it had planned liquidation of two small lenders to ensure financial stability.
The Municipality of Abu Dhabi launched a new project and sought for investors in its planned installation and operation of street retail kiosks.
The smartwatch had been seen as the latest addition to the consumer electronics market however a source said the device would not change anything in the industry.
Microsoft Corp had been acquiring and investing in companies in the last two decades as the software maker planned to accelerate its presence in a market that it does not own.
BMW is appealing a decision to impose a EUR150 million fine for alleged customs laws violations. German car giant BMW is set to face fines worth EUR100 million in India for allegations of violations committed against the country's importation rules.
To cut costs, which is expected to triple by 2020, IBM has moved its retiree pension plan to a health exchange for lower risk and costs.
An agreement was made between EU Commission and bank officials for a capital hike for the world's oldest bank.