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Thursday, April 09, 2020 10:53 GMT
Saudi Arabia’s sovereign wealth fund built a stake worth about US$200 million in Equinor ASA as the kingdom navigates the impact of the coronavirus pandemic and plummeting crude prices. The Public Investment Fund amassed its holding in Norway’s largest crude producer mostly through the open market...More
Arabtec Holding, a leading contractor for social and economic infrastructure, said its wholly-owned subsidiary, Target...More
Leading South Korean engineering firm Doosan Heavy Industries and Construction Company said its Vietnamese unit Doosan...More
Tethys Oil AB, through its wholly-owned subsidiary Tethys Oil Oman Onshore Limited, has put in place plans to enable...More
A sharp drop in oil prices and the coronavirus outbreak have affected the petrochemicals sector in the GCC countries...More
The price of a West Texas Intermediate barrel of oil shot up on Wednesday afternoon by nearly 7% shortly after OPEC’s President gave the market fresh optimism about the virtual OPEC+ meeting. “The... More
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Leading South Korean engineering firm Doosan Heavy Industries and Construction Company said its Vietnamese unit Doosan Vina has successfully exported three huge desalination devices weighing over... More
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India's top engineering and construction firm Larsen & Toubro (L&T) said one of its key subsidiaries, Power Transmission & Distribution, has secured major orders for substations - in the range of... More
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The Iranian Majlis on Wednesday gave a vote of confidence to the new minister of Agricultural Jihad nominated by President Hassan Rohani. During an open session this morning, the Majlis discussed the... More
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Iraq's state-run Basra Oil Co. said Monday four rockets fell near its oil facilities in the city of Basra without causing damage or casualties. The attacks took place at 3:30 am local time (0030 GMT)... More
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Kuwait’s oil minister said talks with countries attending an OPEC+ meeting are intended to move toward reaching an agreement to reduce production by 10 million-15 million barrels per day, Kuwait’s... More
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A second batch of medical equipment was received by NOC Sunday. Thousands of people across Libya will benefit from these new medical supplies designed to help doctors and nurses deal with the... More
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A rebound in the Omani economy is anticipated in 2021 while the remaining part of 2020 is expected to remain subdued, weighed down by the effects of the coronavirus (COVID-19) pandemic and the slump... More
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Qatar is pushing back the start-up of the first phase of its North Field LNG Expansion Project by up to six months so that it will now enter production in 2025, according to the emirate's sovereign... More
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Saudi Arabia’s sovereign wealth fund built a stake worth about US$200 million in Equinor ASA as the kingdom navigates the impact of the coronavirus pandemic and plummeting crude prices. The Public... More
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The UAE Cabinet, chaired by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, adopted a resolution to grant paid leave to select categories of Federal... More
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The Joint Forces Command of the Coalition to Restore Legitimacy in Yemen has declared a comprehensive ceasefire in Yemen for a period of two weeks, starting on Thursday (April 9) at 12:00 KSA time.... More
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