Addax completes acquisition of Shell's stake in Pecten
Beijing - Xinhua
Royal Dutch Shell PLC has sold its 80-percent stake in Pecten Cameroon Co. to the Chinese-owned Addax Petroleum Corp., the Sinopec International Petroleum Exploration and Production Corp.(SIPC) said Thursday. The deal was completed on Oct. 31, the SIPC said. Addax Petroleum, a wholly-owned subsidiary of the SIPC, paid 538 million U.S. dollars for Shell's 80-percent stake, according to an agreement signed by the companies in May. The SIPC is a wholly-owned subsidiary of the Sinopec Group. The deal marks the first time for the Sinopec Group to gain access to Cameroon's oil and gas reserves, the SIPC said.
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Argentine peso starts to recover after two days of crashes
Buenos Aires - AFP
Argentina's peso began to recover on Friday as markets opened, making a tiny 0.68 percent gain after losing 20 percent of its value against the dollar over the previous twoTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
UEFA are set to wait until next season before introducing Video Assistant Referees (VAR) in the Champions League, although they are still not ruling out having it in this season's final, president Aleksander Ceferin said on Friday. Ceferin has soFor $11.6 bn
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Paris - Al Maghrib Today
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To 'eternal style' of late Alaia
Paris - Al Maghrib Today
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Law on heritage declaration comes into effect
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