World’s largest platinum producer, Anglo American may sell its mines in South Africa following incessant mining strikes that has lead to continually derailed revenue inflow. “The industry is facing significant headwinds to realise the levels of returns that we would view as acceptable, so we are examining how we could reconfigure the portfolio to drive returns, particularly taking into account the opportunity presented by our unique and world-class open pit, Mogalakwena,” the head of corporate communications at Anglo American SA, Pranill Ramchander said this week.
Updated 6 Years ago

Beyonce shared a few behind the scene photos as she is logging in extra hours in the rehearsal studio for her upcoming “On The Run” Tour with her husband, Jay Z, which is to start this month, June 25th.
Updated 6 Years ago

World’s largest beverage provider, Coca-Cola is keen to achieve double digit growth from the Egyptian market following the establishment of new factories in the North African country. The factories are expected to commence production by the end of year 2015. According to Curt Ferguson, Coca-Cola’s Middle East and North Africa President, Egypt is going to be one of Coca-Cola’s key anchor market given the country’s attractive population size.
Updated 6 Years ago

The Dubai Fund for Financial Support on Wednesday announced it had reached a deal with the Dubai Real Estate Corporation (DREC) to develop plots of land for retail, hotels and residential units ahead of Expo 2020. Under the agreement, the first project will be set up along Sheikh Zayed Road and will include the construction of a mall and residential complexes.
Updated 6 Years ago

WebConnectPlus, an online payment gateway powered by electronic transaction switching and payment processing company, eTranzact has reduced its set-up fee from N150,000 to N60,000 in order to make it affordable for businesses to accept payments online
Updated 6 Years ago

Iran is planning to boost oil production at offshore fields located in the Persian Gulf to 500,000 barrels per day (bpd) in the current Iranian calendar year, which began on March 21. The country will invest $2 billion to increase production at Salman, Hengam, Forouzan, and Reshadat oilfields in the Persian Gulf, the Mehr News Agency quoted National Iranian Oil Company Official Moshtaq-Ali Gohari as saying on Wednesday.
Updated 6 Years ago

State-owned power utility Saudi Electricity Co (SEC) has agreed terms and signed an interest-free loan of SAR49.4 billion ($13.17 billion) with the kingdom’s Ministry of Finance, the company said in a statement on Thursday. The loan has a lifespan of 15 years but there is a grace period of ten years before repayments begin, the statement to Riyadh’s bourse said.
Updated 6 Years ago

The Good For a relatively compact wireless speaker, the simple but classy-looking Sony SRS-X5 offers excellent sound with strong bass. It has built-in speakerphone functionality, a USB charging port (to charge your smartphone), NFC tap-to-pair technology, and eight hours of battery life.
Updated 6 Years ago

The Good For a relatively compact wireless speaker, the simple but classy-looking Sony SRS-X5 offers excellent sound with strong bass. It has built-in speakerphone functionality, a USB charging port (to charge your smartphone), NFC tap-to-pair technology, and eight hours of battery life.
Updated 6 Years ago

Amazon has unveiled its first foray into the smartphone market -- a new device called the Fire Phone that features 3D display capabilities. Amazon CEO Jeff Bezos took the stage to introduce the new phone at a press event in Seattle on Wednesday. The Fire Phone features a 4.7-inch screen, measured diagonally, making it smaller than leading Android phones but larger than Apple's iPhone. Bezos calls it ideal for one-handed use.
Updated 6 Years ago