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Aramco explores hydrogen energy cooperation with Thailand’s PTT
Saudi Arabian Oil Company, also known as Aramco, has joined hands with Thailand's national oil company PTT, as it expands its footprints in Asia.
Both the companies will work together in areas of blue and green hydrogen and various clean…
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A few days separate Sri Lanka’s economy from “total collapse”
Sri Lanka's central bank chief said on Wednesday the country's economy will "irreparably collapse" unless a new government is appointed within two days to restore political stability.
Nandal Wierasinghe added that the recent wave of "mob…
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Saudi ice cream business Fadeco sets IPO price range as it opens for investors
Arabian Food & Dairy Factories Co., also known as Fadeco, has set its initial public offering price range at SR65-71 ($17-19) per share as it plans to join Saudi Arabia’s stock listing spree this year.
The book-building period starts…
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“Volkswagen” calls for negotiations with Russia to preserve the German economy
Volkswagen CEO Herbert Diess has called for a diplomatic settlement of the Ukraine crisis, the lifting of sanctions against Russia, and the protection of Germany and Europe as a whole from the upcoming economic crisis.
"The negotiations…
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Bill Gates warns of an economic future that worries him greatly
The founder of "Microsoft", the American billionaire, Bill Gates, predicted that interest rates may rise enough to cause a global economic slowdown, caused by the repercussions of the "Corona" pandemic and the Russian military operation in…
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UAE, Greece sign several MoUs including $4.2 bln investment initiative
The Crown Prince of Abu Dhabi, Sheikh Mohammed bin Zayed Al Nahyan and Prime Minister of Greece Kyriakos Mitsotakis attended the signing of several agreements and memorandums of understanding (MoUs) on Monday, the state news agency WAM…
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Future Aviation Forum: Industry leaders gather for inaugural global event
The first day of the inaugural Future Aviation Forum has started in Saudi Arabia, with more than 2,000 attendees expected.
The two-day event, being held in Riyadh, will see leaders from the public and business sectors mix with…
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Crude slides; Japan to take time phasing out Russian imports; China’s oil imports rebound in April
Oil prices slipped on Monday, along with stock markets in Asia, sparked by fears a global recession could dampen oil demand, with investors eying EU talks on a Russian oil embargo that is expected to tighten global supplies.
Brent crude…
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Crude climbs; US drillers add oil and gas rigs; EU proposes changes to planned Russian embargo
Oil prices rose nearly 1.5 percent on Friday, posting a second straight weekly increase as impending EU sanctions on Russian oil raised the prospect of tighter supply and had traders shrugging off worries about global economic growth.…
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US Senate committee passes antitrust bill pressuring OPEC
A US Senate committee passed a bill on Thursday that could expose the Organization of the Petroleum Exporting Countries and partners to lawsuits for collusion on boosting crude oil prices.
The No Oil Producing or Exporting Cartels…
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