A fuel station employee fills up a motorcycle in south Jakarta. (Reuters)
TOKYO: Hitachi said Tuesday it would buy the rail and traffic signal businesses of Italy's Finmeccanica, in a deal that could reach more than $2.0 billion as it looks to take on global rail giants.
A consortium led by Serco Group has signed a contract with the Saudi Railway Company to provide management and technical support for its operations on the North South Railway (NSR).
The Royal Commission of Jubail (RCJ), in collaboration with Meed, is organizing the Construction Opportunities Conference on Feb. 24-25 at conferences and lectures hall in Jubail Industrial City.
NEW YORK: US tech giant Apple said it would invest 1.7 billion euros ($1.9 billion) in two data centers located in Ireland and Denmark, to boost online services in the European market.
Minister of Commerce and Industry Tawfiq Al-Rabiah has proposed to establish an enterprise credit fund to support small and medium enterprises (SMEs) in the Kingdom.
While oil prices have won support in recent weeks on a decline in operating US oil rigs and as energy giants cut investment, markets-watchers say volatility is likely to continue for some time.
Prince Sultan bin Salman, president of Saudi Commission for Tourism and Antiquities (SCTA), received Tom Walter, chairman, CEO and president of Exxon Mobil Saudi Arabia, on Monday.
The CEO of Saudi Fransi Capital, the investment banking arm of Banque Saudi Fransi, has resigned to take up a position in the Kingdom’s royal court, a source aware of the matter told Reuters.
HOUSTON: Shale oil producers are throttling back so quickly on drilling that US crude output could fall sooner than expected, within months, executives say as they slash costs to cope with tumbling cr
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