Singapore-based Petroleum Specialties Pte. Ltd (PSPL), a fully-owned subsidiary of the world renowned Apar Industries Ltd., is tset up a manufacturing unit at Hamriyah Free Zone Authority (HFZA).
The capital is poised to be a regional and international center because of the giant projects currently being carried out in the city, says Riyadh Gov. Prince Turki bin Abdullah bin Abdul Aziz.
Prince Abdulaziz bin Salman, deputy minister of petroleum and mineral resources, says the current fuel consumption of 12 million vehicles exceeds 800,000 barrels daily.
LONDON: Gold steadied on Wednesday with dollar strength pulling prices back from near three-week highs.
BERLIN, US fast food chain Burger King said it had ended a contract with its top franchise partner in Germany after a scandal over food safety and labor standards.
JEDDAH: Weak oil prices and global equities kept most Gulf stock markets jittery on Wednesday, although a glut of upbeat news lifted Qatar’s bourse to an eight-week high.
The eighth Global Competitiveness Forum (GCF), which will be held in Riyadh on Jan. 25-27, will be focusing on public-private partnerships under the theme, competitive governments.
The second edition of Foodex Saudi was inaugurated by Prince Khalid bin Saud bin Khalid bin Turki Al-Saud, deputy chairman of the Meteorology and Environmental Protection Technical Affairs.
KARACHI: Pakistan International Airlines (PIA) has secured approval for cargo services to the European Union after being suspended over security fears, officials said, a rare boost for the beleaguered
PARIS: Areva’s share price plunged after the struggling French nuclear giant announced it was suspending its outlook for the next two years.
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