Nigeria’s Oil Production Threatened by the Newly formed Niger Delta Avengers

Nigeria’s Oil Production Threatened by the Newly formed Niger Delta Avengers

Stability in the oil fields of the Niger Delta is at stake once again with a newly formed group militancy group The Niger Delta Avengers (NDA) challenging to cripple the economy of the country.

Earlier, in years of militancy oil workers have been kidnapped and the production capacity has been trimmed to lower than one third of the country's maximum capacity.

GCC attracting global talent pool

GCC attracting global talent pool

Nations in the Gulf Cooperation Council have emerged as one of the most attractive destinations for professionals across all industries and career levels.

Many said that the GCC nations offer tax-free environments, attractive packages, high quality of life and a wide range of job opportunities to professionals from around the world. Experts have said that several global organisations have already established regional hubs in countries like the United Arab Emirates and Saudi Arabia.

Saudi Binladin Group bags contracts to build Maldives airport terminal

Saudi Binladin Group bags contracts to build Maldives airport terminal

Saudi Binladin Group, Middle East's largest construction firm, has bagged a contract to build a new passenger terminal at the Maldives international airport.

The Maldives international airport is being built at a cost of $800 million, according to the Maldives government. Binladin will lead the project to construct a new terminal on a 78,000 square meters area of reclaimed landin the southwest of the airport island in Maldives including 12 jetties and six aero-bridges.

Illinois State Legislators to Decide the Fate of Nuclear Power in the State

Illinois State Legislators to Decide the Fate of Nuclear Power in the State

In recent years, regulations and market forces have made the nuclear energy business tougher and that is something which two of the Illinois facilities operated by Exelon are facing.

The Illinois state legislators are yet to decide whether those should be put on life support or prematurely closed down.

Construction of Dakota Access Pipeline Stalled in Iowa Due to Possible Indian Burial Site on its Route

Construction of Dakota Access Pipeline Stalled in Iowa Due to Possible Indian Bu

Dakota Access LLC, the Houston based company plans to construct a 1,150 mile long pipeline to carry oil from northwest North Dakota to a south-central Illinois storage facility.

The construction of the pipeline that is designed to carry half-million barrels of oil every day and is a $3.8 billion project has already started in three states of North Dakota, South Dakota and Illinois. It is yet to begin in Iowa and might require some changes in plan as there may be a possible historic American Indian burial site on its proposed path in northwest Iowa.

Steady Economic Growth in the U.S Building Hopes for an Interest Rate Hike

Steady Economic Growth in the U.S Building Hopes for an Interest Rate Hike

Although the year did not start with a big bang but the U. S. economic growth though slow, yet did not show as much as drag in the first quarter that was earlier estimated. The reasons behind it were a surge in home building and inventory accumulation which partly offset the drag from a steady drop in business investments.

UAE supermarkets planning to cut food prices by 70% for Ramadan

UAE supermarkets planning to cut food prices by 70% for Ramadan

The Ministry of Economy of the United Arab Emirates has said that Supermarkets in the country are planning to cut prices of food items by as much as 70 per cent during this Ramadan season.

The ministry announced that the prices of 5,000 food items will be reduced by 70 per cent during Ramadan. Dr Hashem Al Nuaimi, director of the ministry's consumer protection department has said that price cuts and subsidies will be worth around AED250 million or $68 million.

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