SEOUL: South Korea will likely return to a familiar game plan to replace Iranian oil it will no longer have access to after May now that the US intends to tighten sanctions on Iranian exports.South Korea is the biggest buyer of Iranian condensate, an ultra-light oil prized by the country’s refiners as a raw material…
SEOUL: South Korea will likely return to a familiar game plan to replace Iranian oil it will no longer have access to after May now that the US intends to tighten sanctions on Iranian exports.South Korea is the biggest buyer of Iranian condensate, an ultra-light oil prized by the country’s refiners as a raw material…
SEOUL: South Korea will likely return to a familiar game plan to replace Iranian oil it will no longer have access to after May now that the US intends to tighten sanctions on Iranian exports.South Korea is the biggest buyer of Iranian condensate, an ultra-light oil prized by the country’s refiners as a raw material…
RIYADH: Saudi Arabian consumers are increasingly spending cash — and using their credit cards online — after a period of relative parsimony, the head of one of the biggest providers of consumer payment systems told Arab News. J.K. Khalil, the general manager of Mastercard in Saudi Arabia and Bahrain, said that there has been an…
RIYADH: Saudi Arabian consumers are increasingly spending cash — and using their credit cards online — after a period of relative parsimony, the head of one of the biggest providers of consumer payment systems told Arab News. J.K. Khalil, the general manager of Mastercard in Saudi Arabia and Bahrain, said that there has been an…
RIYADH: Tadawul, the Saudi Arabian stock exchange, is on the verge of announcing the first ever joint-listings of companies from other Gulf countries in a move that further illustrates the growing regional power of the market. Khalid Al-Hussan, the exchange’s chief executive, told Arab News on the sidelines of the Financial Sector Conference in Riyadh…
Saudi Arabia real estate reform ‘on the right track,’ housing minister tells conference RIYADH: Saudi Arabia’s real estate finance sector — crucial to the ambition of a home-owning economy under the Vision 2030 strategy — is maturing rapidly, a high-profile event in Riyadh heard on Wednesday.“We’re on the right track,” housing minister Majid Al-Hogail told…
RIYADH: Khalid Al-Falih, the Kingdom’s energy minister and chairman of Saudi Aramco, held out the tantalizing prospect that the giant oil company’s long-planned stock market listing could happen ahead of the previously announced schedule.Speaking at the Financial Sector Conference in Riyadh, Al-Falih said that preparations for a listing of Aramco shares — an initial public…
RIYADH: Khalid Al-Falih, the Kingdom’s energy minister and chairman of Saudi Aramco, held out the tantalizing prospect that the giant oil company’s long-planned stock market listing could happen ahead of the previously announced schedule.Speaking at the Financial Sector Conference in Riyadh, Al-Falih said that preparations for a listing of Aramco shares — an initial public…
Saudi Real Estate Refinance Co. plans up to $1.07bn sukuk sale this year RIYADH: Saudi Real Estate Refinance Co. (SRC), modelled on US mortgage finance firm Fannie Mae, aims to issue up to 4 billion riyals ($1.07 billion) of long-term sukuk this year, its chief executive said on Tuesday. The plan by SRC, a subsidiary…
Saudi Real Estate Refinance Co. plans up to $1.07bn sukuk sale this year RIYADH: Saudi Real Estate Refinance Co. (SRC), modelled on US mortgage finance firm Fannie Mae, aims to issue up to 4 billion riyals ($1.07 billion) of long-term sukuk this year, its chief executive said on Tuesday. The plan by SRC, a subsidiary…
Saudi Real Estate Refinance Co. plans up to $1.07bn sukuk sale this year RIYADH: Saudi Real Estate Refinance Co. (SRC), modelled on US mortgage finance firm Fannie Mae, aims to issue up to 4 billion riyals ($1.07 billion) of long-term sukuk this year, its chief executive said on Tuesday. The plan by SRC, a subsidiary…
Huawei first-quarter revenue grows 39% to $27 billion amid heightened US pressure HONG KONG: Huawei Technologies said on Monday its first-quarter revenue jumped 39 percent to 179.7 billion yuan ($26.81 billion), in the Chinese technology firm’s first-ever quarterly results.The Shenzhen-based firm, the world’s biggest telecoms equipment maker, also said its net profit margin was around…
Huawei first-quarter revenue grows 39% to $27 billion amid heightened US pressure HONG KONG: Huawei Technologies said on Monday its first-quarter revenue jumped 39 percent to 179.7 billion yuan ($26.81 billion), in the Chinese technology firm’s first-ever quarterly results.The Shenzhen-based firm, the world’s biggest telecoms equipment maker, also said its net profit margin was around…
TOKYO: Lawyers for former Nissan boss Carlos Ghosn on Monday applied for bail after authorities hit the auto tycoon with a charge of aggravated breach of trust — his fourth formal indictment.“The lawyers requested bail on April 22,” the Tokyo District Court said in a statement. The charge has ensured Ghosn would remain in custody…
CAIRO: Huawei will roll out its 5G phone network for the first time during this summer’s Africa Cup of Nations, Egypt’s minister of communications and information technology said on Sunday. The Chinese firm will introduce the technology at the 74,000-capacity Cairo International Stadium, which is set to host 10 games including the final during the…
CAIRO: Huawei will roll out its 5G phone network for the first time during this summer’s Africa Cup of Nations, Egypt’s minister of communications and information technology said on Sunday. The Chinese firm will introduce the technology at the 74,000-capacity Cairo International Stadium, which is set to host 10 games including the final during the…
DUBAI: Saudi Aramco will acquire Royal Dutch Shell’s 50 percent stake in their Saudi refining joint venture SASREF for $631 million, the two companies said on Sunday. The purchase, which is part of Aramco’s strategy to expand its downstream operations, will be completed later this year, they said in a joint statement. Saudi Aramco Shell…
INTERVIEW: MENA partner at EY Matthew Branson lays out economic benefits of UAE’s ‘Expo effect’ DUBAI: "I’m having a fairly busy life at the moment," said Matthew Benson, a partner covering the Middle East and North Africa at auditing and consulting firm EY.He had just presented the findings of a two-year-long study into one of…
INTERVIEW: MENA partner at EY Matthew Branson lays out economic benefits of UAE’s ‘Expo effect’ DUBAI: "I’m having a fairly busy life at the moment," said Matthew Benson, a partner covering the Middle East and North Africa at auditing and consulting firm EY.He had just presented the findings of a two-year-long study into one of…
