human-traffic

Qatar: Ahli bank seeks capital increment

One of the banks in Qatar has announced its intentions to raise its capital value in a released statement. The bank, Ahli bank, is ranked as the seventh-largest listed by market value. It is hoping to lift up its actual capital by 20 percent. It has therefore stated that it will be issuing rights during […]

Algeria’s revenue lifeline Sonatrach in a free fall

Algeria’s main source of revenue, oil and gas company Sonatrach, has seen troubles piling up as it struggles to juggle with historically low oil prices. The company, which accounts for more than 90% of Algeria’s exports, was dealt another blow with the cancelation of a supply contract with Spain’s Naturgy. Sonatrach will be obliged to […]

Schneider Electric connects 5HW solar park in Egypt

French industrial group, Schneider Electric has commissioned the first solar power plant in Sharm el Sheikh, a seaside town in the Sinai region of eastern Egypt. Schneider Electric completed the implementation of the first phase of the project at a cost of $5m in the feed-in tariff mechanism, in cooperation with Al Tawakol Electrical Company […]