BP to Sell 65% of Castrol for $6B

British Petroleum has agreed to sell a significant stake in its Castrol lubricants brand to investment firm Stonepeak. The $6 billion deal is part of BP's asset optimization strategy.

Company «British Petroleum» (BP) announced on Wednesday the signing of an agreement to sell a 65% stake in its subsidiary Castrol to investment company Stonepeak for approximately $6 billion.

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2026-01-28T13:23:06+00:00

Standard Chartered Announces Formula 1 Partnership

The British bank Standard Chartered has signed a major sponsorship deal with Formula 1 races. The company will become the Official Wealth Management and Corporate Banking Partner, strengthening its position in the world of motorsport.

Economy Sport Local

2026-01-28T13:21:01+00:00

Du and Cisco Networking Academy launch program for UAE youth

The company Du and Cisco Networking Academy have announced the launch of a joint educational program for youth in the UAE in the IT and communications sector. The initiative is aimed at training qualified personnel for the high-tech market.

Economy Events Local

2026-01-28T13:19:22+00:00

Al Redha: Emirates continues to update its fleet

Emirates' Chief Operating Officer Adel Al Redha spoke about the program to update the fleet and develop the company's operational structure, aimed at increasing competitiveness and passenger service quality.

Economy Events Local

2026-01-28T13:19:12+00:00

Dubai Shopping Festival Concludes with Final Sales

The Dubai Shopping Festival ended with a series of final sales, the last shopping event of the season. Visitors took advantage of the last chance to buy discounted items.

Events Economy Local