Amin H. Nasser, CEO of Saudi Aramco, and Dwi Soetjipto, CEO of Pertamina, shake hands after signing an initial agreement for a project to upgrade a refinery in Cilicap, Central Java, Indonesia. (Reuters)
NEW DELHI: Indian Prime Minister Narendra Modi invited opposition Congress party leader Sonia Gandhi for talks to break a deadlock over the introduction of a new indirect tax in a bid to put his econo
CILACAP: Indonesia’s PT Pertamina and Saudi Aramco have signed a heads of agreement (HoA) to formalize key business principles for joint ownership, operation and upgrade of the Cilacap Refinery locate
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.
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
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