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Oman Is Said to Mull Cement Stake Sale in Privatization Push Bloomberg 8 hrs ago © Bloomberg Wet cement is poured into a builders hop. (Bloomberg) -- Oman is considering the sale of its stake in Oman Cement Co. SAOG, according to people with knowledge of the matter, as Gulf nations increasingly lean on state assets to bolster their finances. The sultanate is speaking to advisers about selling its nearly 54% holding in the company, according to the people, who asked not to be identified because the information is private. The stake could be worth just over $100 million based on its curren...

Apr 27 2021, 4:51 AM April 26 2021, 3:15 PM April 27 2021, 4:51 AM (Bloomberg) -- Oman is considering the sale of its stake in Oman Cement Co. SAOG, according to people with knowledge of the matter, as Gulf nations increasingly lean on state assets to bolster their finances. (Bloomberg) -- Oman is considering the sale of its stake in Oman Cement Co. SAOG, according to people with knowledge of the matter, as Gulf nations increasingly lean on state assets to bolster their finances. The sultanate is speaking to advisers about selling its nearly 54% holding in the company, according to the people...

Experts call for cooperation, capital to reach carbon goal C hina is aiming for comprehensive, systemic reforms in all sectors and calling for more cooperation on and investment in green transformation to fulfill its pledge to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060, officials said at a forum on carbon neutrality held in Shanghai on Thursday. With only 30 years between the two goals, "we will pursue a sustained, rapid decline in carbon emissions as quickly as possible after having a carbon dioxide emissions peak by 2030, as we're pressed for time", said Li ...

China’s fast economic rebound from coronavirus has driven up electricity demand, leading to higher consumption of coal which is seeing rising prices, an energy expert said following a meeting requiring coal plants to increase production to the maximum level. The nation’s top economic planner, the National Development and Reform Commission (NDRC) convened a meeting of ...

Why China’s electric vehicle market is at full throttle What is city talk? (Getty Images) We get under the bonnet and look at what’s driving growth in China’s electric vehicle market After a dip in sales in 2019 and the impact of the pandemic in early 2020, the market for electric vehicles (EVs) in China is recovering strongly. Among the factors driving this acceleration in sales is the combination of more attractive and cost competitive models. What’s more, new government directives have given strong support for China’s auto industry to electrify. At the same t...