Author: Business Enquirer

Libya has taken a major step to reshape its oil sector by signing a 25-year development agreement with global energy giants TotalEnergies and ConocoPhillips. The long-term pact, structured through Waha Oil Company — a subsidiary of the state-owned National Oil Corporation — brings in more than $20 billion in foreign investment and aims to modernise Libya’s upstream infrastructure and expand production capacity significantly. The deal was announced during the Libya Energy and Economy Summit in Tripoli, in a ceremony that also saw memoranda of understanding signed with other major partners, underlining a broader strategic push to deepen Libya’s energy ties…

Asian mining stocks moved higher as investors increasingly turned to hard assets, driving gains across metals producers and materials companies amid ongoing market uncertainty. The rally reflects a broader shift in sentiment, with commodities and resource-linked equities benefiting from concerns around currency weakness, geopolitical risk and the search for assets that can preserve value in volatile conditions. Metals prices lift resource stocks Mining companies across the region tracked higher alongside rising metals prices. Gold, silver and base metals have all shown renewed strength, supporting producers with exposure to both precious and industrial commodities. Gold-focused miners were among the strongest performers,…

For more than 160 years, Hutchinson has quietly shaped the evolution of rubber technology — and nowhere is that legacy more tangible than in its French manufacturing heartland. Here, historic machinery and modern engineering work side by side, producing high-performance tyres trusted by cyclists across disciplines, from road racing to gravel and endurance riding. This is not a museum of industrial history. It is a living factory, where tradition continues to play an active role in cutting-edge production. From vulcanisation to modern cycling Hutchinson’s origins trace back to the 19th century, when vulcanised rubber transformed manufacturing possibilities. Long before cycling…

Leidos has agreed to acquire a specialist energy infrastructure engineering firm in a strategic move designed to strengthen its position in the power and energy sector. The deal expands Leidos’s capabilities in energy engineering and boosts its global footprint in a market where demand for reliable infrastructure solutions continues to grow. The acquisition will effectively double the size of Leidos’s existing energy infrastructure engineering business, positioning the company to better meet client needs across utilities, power generation and industrial sectors. Enhancing technical expertise and market reach Under the terms of the agreement, Leidos will integrate the acquired firm’s team, projects…

A major boost for the local economy has come as OBR Construction confirms plans to establish a new headquarters at Bryn Cefni Business Park in Llangefni, a move that not only secures the jobs of existing staff but also paves the way for future growth. The expansion will iron-out concerns about job security for the company’s workforce, protecting 85 existing roles and supporting plans to create around 10 new positions — including apprenticeships that will open doors for younger talent in the region. A firm with deep regional roots OBR Construction has built a strong reputation as a versatile contractor…

Europe has officially certified the Bombardier Global 8000, confirming its status as the fastest civilian aircraft in operation today and clearing the way for customers across the continent to fly the jet without restriction. With European approval now secured, the Global 8000 completes its international certification journey, enabling operations across major global airspace and marking a major milestone for modern business aviation. A new benchmark for speed The Global 8000 stands apart for one defining reason: speed. Capable of flying at up to Mach 0.95, it is the fastest civil aircraft since the retirement of Concorde. While it does not…

Escape into the timeless beauty of Venice, where winding canals replace roads, historic palazzi glow in soft light, and every turn feels cinematic. From tranquil neighbourhoods to vibrant island escapes, Venice offers the ideal blend of indulgence, culture and quiet discovery — perfect for a long weekend. Stay at Violino d’Oro Begin your stay at Violino d’Oro, a refined boutique hotel that pairs classic Venetian elegance with contemporary comfort. Thoughtfully designed interiors, attentive service and a prime location make it an ideal base for exploring the city while enjoying moments of calm between adventures. Visit Giudecca Cross the water to…

SiriusXM is transforming the way it handles procurement by leveraging a next-generation AI-driven platform from Levelpath. The initiative has delivered major improvements in speed, visibility and alignment across the company’s sourcing, contracting and spend management functions. A smarter way to buy Before adopting the AI tool, SiriusXM — like many large organisations — faced complex approval processes and long cycle times for contracts and sourcing activity. That could mean multistep sign-offs and delays that slowed down projects and risked deals expiring before finalisation. With Levelpath’s AI-native procurement platform, those challenges have been dramatically reduced. The system centralises workflows and provides…

Schneider Electric has launched a new AI-driven digital platform designed to bring energy management, carbon tracking and sustainability strategy together into a single, unified system — marking a significant step forward in enterprise sustainability technology. The platform aims to help organisations move beyond fragmented reporting tools by offering one central environment where data, insight and action converge. As regulatory pressure and climate targets intensify, the launch reflects growing demand for smarter, more integrated sustainability solutions. One platform, one source of truth Many organisations still rely on disconnected systems to manage energy use, emissions reporting and supply-chain sustainability. Schneider Electric’s new…

Xingfa Chemicals Group is planning a major investment of up to $2 billion in Egypt, targeting phosphate mining and downstream chemical production in a move that could significantly strengthen the country’s mining and industrial sectors. The proposed investment reflects growing international interest in Egypt’s mineral resources and aligns with national ambitions to move beyond raw material exports by developing value-added processing and manufacturing capacity within the country. Phosphate at the centre of Egypt’s industrial strategy Phosphate rock is one of Egypt’s most strategically important mineral resources. It is a critical input for fertilisers that underpin global food production, as well…