Qatar National Bank, the Middle East's biggest bank by market value, received approval from Egypt's central bank to start due diligence on the local unit of Societe Generale SA ahead of a potential acquisition. The Central Bank of Egypt granted the (...)
Kuwaiti Oil Minister Hani Hussein and a top official of Arabian Oil Company, Ltd., on Tuesday agreed to explore new energy cooperation between the two countries.
Hussein said that the two sides discussed prospects of future cooperation, with an eye (...)
TOKYO: State-run Japan Oil, Gas and Metals National Corp (JOGMEC) bought Saudi Arab Extra Light crude for Japan's national reserves from Showa Shell Sekiyu via a tender, industry sources said on Wednesday.
JOGMEC, which had sought 1.25 million (...)
Japan has offered to sell more crude oil from its national reserves in Okinawa, the trade ministry said, as it looks to make room for top exporter Saudi Arabia to store crude in the southern Japan islands.
Japan's government is offering about (...)
KUWAIT: Saudi Arabia and Kuwait have boosted output capacity from their shared Neutral Zone to 610,000 barrels per day from around 550,000 bpd, a Kuwait oil official said on Tuesday.
But the two OPEC producers have drawn back from long-term plans (...)
Saudi Arabia’s Bureau of Investigation and Public Prosecutions should immediately drop “cybercrimes†charges against Nasir al-Subai’i for writing about his bureaucratic ordeal as he tried to get the government to pay for his brother’s (...)