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)
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.
JEDDAH: Moody’s Investors Service has maintained its stable outlook on the Saudi Arabian banking system, reflecting the rating agency’s expectation that in the context of persistently low oil prices,
BRUSSELS: Eurozone business activity hit a four-and-a-half year high in November, helping create much-needed jobs in a broad-based upturn despite the impact on France of the Paris attacks, a key surve
LONDON: The attacks in Paris that killed 130 people and wounded hundreds more are hurting the French economy at a time when the wider 19-country euro zone appears to be growing at the fastest pace in
HONG KONG: The founder of Chinese e-commerce giant Alibaba is in talks to buy a stake in the publisher of Hong Kong’s South China Morning Post newspaper, Bloomberg News reported.
NEW YORK: Viagra-maker Pfizer and Allergan, the maker of Botox, said they will merge to create the world’s biggest pharmaceutical group in a deal worth around $160 billion (151 billion euros).
COLOMBO: The Sri Lankan rupee fell to a record low on Monday on importer dollar demand amid lower liquidity for the greenback as exporters were reluctant to sell dollars on speculation that the curren
RIYADH: The Capital Market Authority (CMA) stresses that the Capital Market Law and its implementing regulations prohibit insider trading on shares of listed companies and consider it a criminal offen
JEDDAH: Saudi Arabia’s stock market bounced further from a technical support level on Sunday but other Gulf bourses were little changed. Egypt’s market edged up.
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