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Ooredoo wins Cisco award for lead in cloud, managed services

Ooredoo wins Cisco award for lead in cloud, managed services

Ooredoo, one of the region’s leading ICT providers, has been recognised by global technology leader Cisco as one of the Middle East’s leading enablers of cloud-based digital transformation.

Opec, allies said to mull new ways to measure oil stockpiles

Opec, allies said to mull new ways to measure oil stockpiles

Opec and allied oil producers including Russia are discussing new ways of measuring global crude stockpiles, signalling a possible decision that could affect production cuts they’re making to ease a global glut.

Cost of insuring Bahrain debt jumps as deficit jitters increase

Cost of insuring Bahrain debt jumps as deficit jitters increase

The cost of insuring Bahrain’s sovereign debt against default has jumped to near multi-year highs this week because of concern the country will lose access to international capital markets, bankers and debt traders said yesterday.

Investors are creeping back into Russia debt

Investors are creeping back into Russia debt

It didn’t take long for the world’s biggest bond investors to decide that Russia isn’t quite such a toxic trade after all.

World markets dive on trade war, North Korea worries

World markets dive on trade war, North Korea worries

Global stocks sank yesterday after US President Donald Trump said he was not satisfied with talks aimed at averting a trade war with China.

Tesla reduces up to $14,000 off Model X in China after tariff cuts

Tesla reduces up to $14,000 off Model X in China after tariff cuts

Tesla Inc has slashed up to $14,000 off its Model X in China after Beijing announced major tariff cuts for imported automobiles, a potential sales boost for the US firm as the world’s largest auto market pivots towards electric cars.

Rio Tinto negotiates Grasberg copper exit

Rio Tinto negotiates Grasberg copper exit

Global miner Rio Tinto Ltd confirmed yesterday it was in discussions to sell its interest in the world’s second largest copper mine to Indonesia’s state mining holding company Inalum.

Japan to backtrack on budget target, social welfare reform

Japan to backtrack on budget target, social welfare reform

Japan will delay its time-frame for a balanced budget by five years to 2025, government and ruling party proposals show,..

Ghosn: Renault-Nissan deal to take time to get right

Ghosn: Renault-Nissan deal to take time to get right

Carlos Ghosn tamped down expectations of a quick deal to combine Nissan Motor Co and Renault SA, saying the spectre of failed mergers in his industry loomed large.

Mahathir seeking ways to cut debt from 65% of GDP

Mahathir seeking ways to cut debt from 65% of GDP

Malaysia will try to cut its national debt of 1tn ringgit ($251.67bn) by aborting some projects, reconsidering others and cutting ministers’ salaries, Prime Minister Mahathir Mohamad said yesterday.

Global economic rebound yet to turn up as manufacturing slows

Global economic rebound yet to turn up as manufacturing slows

The global economic rebound expected to happen this quarter is staying out of reach for now.

GDI receives safety recognition award

GDI receives safety recognition award

Gulf Drilling International (GDI) received a safety recognition award recently during Occidental Petroleum of Qatar’s (OPQL) Annual HES Scorecard Programme for 2017.

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