Uganda’s new-found oil reserves may account for as much as 4 percent of its economy annually in coming years if managed well, the International Monetary Fund’s country chief says.

IMF Mission Chief for Uganda Axel Schimmelpfennig writes in a blog post that the country also needs some strategic infrastructure investment and better debt management.

Uganda’s"...

The Minister of Oil and Gas Dr. Abdulrahman Osman Abdulrahman has discussed desire of the Canadian State Petroleum Company to enter into the oil investment in Sudan, stressing that the doors of Sudan are open before all the serious companies desiring to invest in the this field and have sufficient experience and technical and financial capacity
This came during a meeting at his office Tuesday with the delegation of the Canadian State Petroleum Company headed by Lutfal-Rahman Khan, in the presence of the State Minister"...

(ME NewsWire)-- Mitsui Chemicals Inc. (Location: Minato-ku, Tokyo; President & CEO: Tsutomu Tannowa) (TOKYO:4183) announced that Mitsui Chemicals Catalysis Science Award will begin accepting applications for the “2018 Mitsui Chemicals Catalysis Science Award” on September 1st via web site of the company.

Mitsui Chemicals established the Mitsui Chemicals Catalysis Science Award in 2004 with"...

• Revenue of $7.5 billion increased 8% sequentially
• Pretax operating income of $950 million increased 25% sequentially
• GAAP loss per share, including charges of $0.40 per share, was $0.05
• EPS, excluding charges, was $0.35
• Quarterly cash dividend of $0.50 per share was approved

(ME NewsWire)-- Schlumberger Limited (NYSE:SLB) today reported results for the second quarter of 2017.

QNB Group, the largest financial institution in the Middle East and Africa, has recently commenced operations in the city of Mumbai, the economic capital of the Republic of India.

The start of the Group’s operations in the Republic of India comes in support of its vision to become a leading bank in the Middle East, Africa, and Southeast Asia by 2020, in addition to establishing"...

A three day fuel shortage has disrupted public transport and business in South Sudan’s capital Juba, with drivers calling on authorities to supply fuel stations with diesel and petrol.

Speaking to Radio Tamazuj on Thursday, citizens said 20 litres of petrol is now sold at 8,000 SSP, saying the prices go up daily due to fuel shortages at petrol station in Juba city.

Eyewitnesses"...

The Legislative Council of North Darfur instructed the formation of a committee to follow-up the important and urgent projects, especially water and electricity problems in the state capital of El Fasher.

In a statement on Monday, the Council stressed the need to continue the state efforts to address the problems of water and electricity, as well as the development of a comprehensive plan for the rehabilitation and maintenance of reservoirs to provide"...

(ME NewsWire)-- SECOND QUARTER HIGHLIGHTS

• Total and base orders grew 3%1; higher orders in all regions
• Revenues up 1%
• Operational EBITA margin2 12.4%, dampened this quarter by commodity prices and some overcapacity
• Net income $525 million
• Cash flow from operating activities $467 million reflects timing of short-term incentive payments
• Net working capital as a percentage of revenues 14.1%, reduced 90 bps on an annual"...

(ME NewsWire)-- The 10th edition of the World Games 2017 will be distributed in Europe jointly by SES and ATM System, the official host broadcaster for the multi-sport event. The international event, taking place in Wroclaw, Poland, from 20 to 30 July 2017, will be transmitted via two SES satellites: SES-4 located at 22 degrees West and ASTRA 3B at 23.5 degrees East.

Under the agreement announced by SES"...