Congo Brazzaville and China's Wing Wah sign $23B oil deal
Under the agreement, Wing Wah will develop three oil fields to drill 200,000 barrels per day in Congo Brazzaville by 2030.
Under the agreement, Wing Wah will develop three oil fields to drill 200,000 barrels per day in Congo Brazzaville by 2030.
The $1 billion swap is a move to reduce the country's spiraling debt burden, Reuters reported.
Walmart’s presence has previously been through its ownership of Massmart, a group with a portfolio of 300 stores in eight sub-Saharan African countries.
The continent’s largest economy grew 0.8% in the three months to June, compared with the previous quarter, driven by manufacturing and mining.
Nearly half of the kingdom’s development plans are tied to the sovereign wealth fund’s five gigaprojects: NEOM, Diriyah, ROSHN, Red Sea, and Qiddiya.
Dubai’s latest jet-setters aren’t hedge funders or influencers, they’re poodles and pomeranians.
The world’s second-largest economy is increasingly looking to secure the raw materials needed to power its industrial ambitions.
Private equity giants’ $525 million Property Finder investment latest sign of growing interest in Middle East deals.
According to the Financial Times, Trump made the proposal during a call with European leaders this week.