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)
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.
BERLIN: German business confidence bounced back in November as Europe’s top economy shrugged off global uncertainty and the deadly jihadist assault in Paris, a leading economic think tank said.
WASHINGTON: The US economy grew at a healthier clip in the third quarter than initially thought, but strong inventory accumulation by businesses could temper expectations of an acceleration in growth
TOKYO: Japan will raise the minimum wage by 3 percent each year from next fiscal year as part of a package of policies aimed at strengthening consumer spending and stoking economic growth.
JEDDAH: Gulf stock markets mostly fell on Monday because of weak oil prices, while a slide of shares in Orascom Telecom Media dragged down Egypt’s bourse.
ABU DHABI: Rising from the desert outside Abu Dhabi, Masdar city is laying the groundwork for when the UAE’s oil wells run dry.
DAMMAM: The 7th Saudi Arabia International Oil and Gas Exhibition 2015 (SAOGE) opened on Monday, with the participation of 180 companies from 25 countries. Sixty percent of the firms are local.
TEHRAN: Algerian Prime Minister Abdelmalek Sellal urged leading oil market players to reach agreement on levels of production for the sake of price stability in a speech at the Gas Exporting Countries
CAIRO: Egypt has secured a first tranche of financing for an 8 billion euro ($8.5 billion) plan for power plants to be built by Germany’s Siemens, the company and electricity ministry said.
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