Samsung C&T plans to acquire US oil company
Seoul - Arabstoday
South Korean trading firm Samsung C&T on Monday said it was considering taking over independent US oil company Parallel Petroleum, which a media report said might be worth about $920 million. "We are actively pursuing oil, natural gas and mineral resource business ... and reviewing various resource deals across the globe but no final decision has been made on Parallel Petroleum," Samsung C&T said in a statement. Earlier on Monday a report by online news outlet Money Today said Samsung was seeking to buy the US firm, which is owned by private equity group Apollo Global Management, for an estimated 1 trillion won ($919.6 million). Parallel, based in Midland, Texas, develops and invests in ‘long-lived' oil and natural gas fields in West Texas and New Mexico, including a shale gas project near Forth Worth.
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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