Amin H Al-Nasser, CEO of Saudi Aramco, and Dwi Soetjipto, CEO of Pertamina, shake hands after signing an initial agreement for a $5.5 billion project to upgrade Indonesia's largest refinery in Cilicap, Central Java. (Reuters)
LONDON: Oil prices fell on Thursday after six days of gains, as concerns that escalating tension in the Middle East could disrupt supply faded, and the focus returned to a persistent market glut.
CILACAP, INDONESIA: Saudi Aramco is looking for further investment opportunities in Indonesia’s downstream refining and petrochemicals industry, the company’s CEO said, after initiating a $5.5 billion
JEDDAH: ositive corporate news boosted Egypt’s stock market on Thursday while Gulf bourses were mixed in modest volumes because of a lack of fresh incentives.
Saudi Arabia and Bangladesh are setting up a flagship fertilizer project in Dhaka, visiting Finance Minister Abul Maal A. Muhith told Arab News.
MOSCOW: Abdullatif Al-Othman, governor of Saudi Arabian General Investment Authority (SAGIA), will patronize the Saudi-Russian Business Forum in Moscow Friday.
SHANGHAI/HONG KONG: Chinese e-commerce titan Alibaba Group Holding Ltd.
FRANKFURT: The volume of loans to the private sector in the euro area expanded in October, with a bigger bounce recorded than the previous month, ECB data showed, suggesting a massive stimulus program
PIRAEUS, Greece: On the day he took office as Greece’s shipping minister in June 2012, Kostis Moussouroulis received a visit from a 90-year-old shipowner.
LONDON: Britain’s financial watchdog has fined Barclays 72 million pounds ($109 million) for cutting corners in vetting wealthy customers in order to win a huge transaction described by one senior man
MANILA: The Philippine economy grew slower than expected in the third quarter, as risks from a leadership change next year and the El Nino dry spell loomed, the government said.
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