ThyssenKrupp CEO Jens Michael Wegmann signing agreement for building cement plants in Riyadh on Tuesday. (AN photo by Ghaffar Ahmed Khan)
DUBAI: Standard Chartered has appointed Rehan Shaikh as CEO of its global Islamic banking business, it said in a statement.
DUBAI: UAE businessman Essa Al-Ghurair plans to sell a 30 percent stake in his health care business in three years’ time to fund its expansion into Africa, he said.
JEDDAH: Buying in some blue-chips lifted Saudi Arabia’s stock market on Tuesday but most Middle Eastern markets fell in thin trade because of a lack of positive corporate news and Turkey’s shooting do
DAMMAM: The seventh edition of the Saudi Arabia International Oil and Gas Exhibition 2015 (SAOGE) attracted more than 3,000 visitors on the opening day.
NEW YORK: Oil prices hit two-week highs on Tuesday, rising more than 2 percent, after a spike in Middle East tensions from Turkey’s downing of a Russian fighter jet and a rally in US gasoline stopped
LONDON: Heightened terror fears battered tourism sector stocks Tuesday, with airlines especially affected after Washington issued a travel warning and Turkey shot down a Russian warplane.
KUWAIT CITY: Kuwait has awarded projects worth a record $30 billion so far this year despite the sharp fall in oil income, officials and experts said.
JAKARTA: Pertamina and Saudi Aramco are expected this week to take a major step in forming a joint venture that will include a $5 billion upgrade to Indonesia’s largest refinery complex, a director at
MOSCOW: The technical sub-committee, an affiliate of the Saudi-Russian Joint Committee, started an expert-level meeting in preparation for the 4th session of the bilateral committee, which is set to k
ABU DHABI: UAE petrochemical firm Borouge is keeping a tight rein on costs as the oil sector’s downturn has hit prices for plastic products, its CEO said.
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