Aramco senior VP steps down

Updated 01 March 2015
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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.


Apple’s Cook to China: keep opening for sake of global economy

Updated 23 March 2019
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Apple’s Cook to China: keep opening for sake of global economy

  • Cook’s comments come as Apple weathers sinking sales in China
  • Despite official pledges and repeated assurances that China would continue to open its markets

BEIJING: Apple chief executive Tim Cook nudged China on Saturday to open up and said the future would depend on global collaboration, as the United States and China remained locked in a bitter trade dispute.
“We encourage China to continue to open up, we see that as essential, not only for China to reach its full potential, but for the global economy to thrive,” Cook said at a China Development Forum in Beijing.
Despite official pledges and repeated assurances that China would continue to open its markets, some analysts worry that its reform project has slowed or even stalled under President Xi Jinping, who has sought greater control over the economy and a bigger role for state-owned firms at the expense of the private sector.
Cook’s comments come as Apple weathers sinking sales in China because of a contracting smartphone market, increasing pressure from Chinese rivals, and slowing upgrade cycles. The company reported a revenue drop of 26 percent in the greater China region during the quarter ending in December.
Before those results came out, in a January letter to investors, Cook blamed the company’s poor China performance on trade tension between the United States and China, suggesting that pressure on the economy was hurting sales in China.