Discovery acquires Norwegian broadcaster SBS
US-based Discovery Communications has bought Norway’s SBS broadcasting firm in a deal worth some USD 1.7 billion (EUR 1.3 billion).
Business
Information and news on Business and Finance related issues
Iceland annual tourism up by 16 per cent
Iceland’s tourism sector continues to grow amid the island-nation’s ongoing recovery. According to the latest statistics from the country’s tourism bo...
Iceland president: government to set up wealth fund for oil revenue
Iceland’s premier has said that Reykjavik is to set up a wealth fund ahead of a potential offshore oil boom to protect the country’s revenues. Preside...
Northern Lights activity in Iceland to increase in the New Year
According to scientists, the beginning of 2013 will see an increase in Northern Lights activity, especially in Iceland, due to intensifying solar flar...
Controversial Greenland mining labour bill approved
Lawmakers in the Greenlandic capital have voted in favour of relaxing regulations on local mining firms. The move, which will allow Chinese companies ...
US firm to buy Iceland’s Decode genetics
Reykjavik’s Decode genetics is to be acquired by a major US pharmaceutical giant. According to a report by the Chicago Tribune on Monday, California-b...
Icelandair Group signs commitment for new aircraft with Boeing
It has been announced that a commitment to purchase a total of 12 737 MAX 8 and 737MAX 9 aircraft has been signed between Icelandair Group and Boeing.
Reykjavik issues offshore drilling licenses
Iceland’s government has issued several new offshore exploration licenses. According to reports, Faroe Petroleum has been granted a provisional explor...