Business

OPEC, hedge funds and the Sistine Chapel

OPEC, hedge funds and the Sistine Chapel

It was an unconventional venue for an unusual encounter: in the Vatican’s Sistine Chapel in the summer of 2016, OPEC’s…
Boeing Co signs defense, commercial deals with Saudi Arabia

Boeing Co signs defense, commercial deals with Saudi Arabia

Boeing Co (BA.N) said on Sunday it had signed a number of defense and commercial deals with Saudi Arabia including…
Softbank-Saudi tech fund becomes world’s biggest with $93 billion of capital

Softbank-Saudi tech fund becomes world’s biggest with $93 billion of capital

The world’s largest private equity fund, backed by Japan’s Softbank Group and Saudi Arabia’s main sovereign wealth fund, said on…
US dollar exchange rate stable during Sunday trading

US dollar exchange rate stable during Sunday trading

The US dollar exchange rate has been stable during Sunday trading. The purchasing rate at the National Bank of Egypt and Banque…
Saudi Arabia to increase investment in Egypt up to $51 bn

Saudi Arabia to increase investment in Egypt up to $51 bn

The Saudi-Egyptian Business Council plans to increase investments by both the Saudi government and private sectors in Egypt to reach…
Sumed, NBK sign agreement to boost petroleum products storage

Sumed, NBK sign agreement to boost petroleum products storage

Sumed company and the National Bank of Kuwait (NBK) signed an a agreement to provide $300 million to finance part…
China and Egypt cooperate to manufacture electricity generators

China and Egypt cooperate to manufacture electricity generators

The National Organization for Military Production in Egypt and China’s Dongfang Electric Corporation signed a protocol of cooperation in the…
Egypt says coordinating with World Bank to finance $200 mn program

Egypt says coordinating with World Bank to finance $200 mn program

Minister of Trade and Industry Tarek Qabil said that his ministry is currently coordinating with the World Bank to finance…
Saudi Aramco to sign deals with US firms during Trump visit: sources

Saudi Aramco to sign deals with US firms during Trump visit: sources

Saudi Aramco [IPO-ARMO.SE] is due to sign deals with 12 US companies on Saturday during US President Donald Trump’s visit…
Japan’s economy posts longest expansion in a decade

Japan’s economy posts longest expansion in a decade

Japan’s prospects have been improving on the back of strong exports, with investments linked to the Tokyo 2020 Olympics also…
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