Aramco senior VP steps down

Updated 01 March 2015

Aramco senior VP steps down

ALKHOBAR: Saudi Aramco's senior vice president for technical services Khalid Al-Buainain has left the company, industry sources said.
Ahmad Al-Sa'adi will take over Al-Buainain's role in the company as acting head for technical services until the end of August this year.
Al-Buainain took early retirement for personal reasons and his departure took effect on Sunday. He joined Aramco in 1980 and has held several senior positions.
A company spokesperson declined to comment.
In addition to his role as senior vice president for technical services, he was also chairman of PetroRabigh, a joint venture between Aramco and Japan's Sumitomo Chemical. PetroRabigh said in a statement on Wednesday it had appointed Abdulaziz Al-Judaimi as chaiman of the company following the resignation of Al-Buainain.


US President Trump does not want to do business with China’s Huawei

Updated 19 August 2019

US President Trump does not want to do business with China’s Huawei

  • US Commerce Department expected to extend a reprieve that permits Huawei to buy supplies from US companies to service its customers

WASHINGTON: US President Donald Trump on Sunday said he did not want the United States to do business with China’s Huawei even as the administration weighs whether to extend a grace period for the company.
Reuters and other media outlets reported on Friday that the US Commerce Department is expected to extend a reprieve given to Huawei Technologies Co. Ltd. that permits the Chinese firm to buy supplies from US companies so that it can service existing customers.
The “temporary general license” will be extended for Huawei for 90 days, Reuters reported, citing two sources familiar with the situation.
On Sunday, Trump told reporters before boarding Air Force One in New Jersey that he did not want to do business with Huawei for national security reasons.
He said there were small parts of Huawei’s business that could be exempted from a broader ban, but that it would be “very complicated.” He did not say whether his administration would extend the “temporary general license.”
Speaking earlier on Sunday, National Economic Council director Larry Kudlow said the Commerce department would extend the Huawei licensing process for three months as a gesture of “good faith” amid broader trade negotiations with China.
“We’re giving a break to our own companies for three months,” Kudlow said on NBC’s “Meet the Press.”