Blocked by US President Joe Biden, Canada’s TC Energy said Wednesday it had officially terminated the Keystone XL Pipeline project, throwing in the towel on a controversial initiative opposed by envi…
Stake could be worth $4.2 billion at current valuation
Updated 10 June 2021
June 10, 2021 10:18
ABU DHABI: China Southern Power Grid Co. is in talks to acquire about 10 percent of Abu Dhabi National Energy Co. (TAQA), Bloomberg reported citing people familiar with the matter.
The Chinese state-owned firm is in discussions with banks about financing for the potential purchase, the people said, asking not to be identified due to information confidentiality.
The 10 percent stake in TAQA could be worth about $4.2 billion based on its current share price.
The transaction would be the biggest overseas acquisition by a Chinese company this year, if successful, according to data compiled by Bloomberg.
DUBAI: The International Air Transport Association announced Thursday its digital travel pass will “go live” in the Middle East in the coming weeks, as Europe and the US relax travel restrictions. Countries around the world are racing to adopt digital certificates in order to unlock an expected revival in international tourism after the coronavirus pandemic crippled the
ABUJA: Social media firms wanting to operate in Nigeria must register a local entity and be licensed, the country’s information minister said on Wednesday, the government’s latest move since it banned Twitter last week. “We are insisting that for you to operate in Nigeria you must first be a Nigerian company and be licensed by the broadcasting commission,” said Lai Mohammed,
Read more about None of G7 s leading stock index aligned with Paris climate goals on Business Standard. New research from the SBTi revealed that none of the G7 s leading stock indexes are currently aligned with a 1.5 degrees Celsius or two degrees pathway