Social and Events

OPEC and its allies were poised to extend the pact into 2019 even as a global glut of crude was set to evaporate by September.

OPEC and its allies were poised to extend the pact into 2019 even as a global glut of crude was set to evaporate by September.

Indian companies expressed interest in investing in Farzad B oilfield which was approved by the Iranian president.

Global benchmark Brent crude oil futures were trading at $70.78 a barrel at 0342 GMT.

There has been worry both in Saudi Arabia and abroad that Tadawul will not be able to take in the placement of Aramco shares without suffering a major strain.

Putin endorses a proposal by Erdogan for Russia. Turkey and Iran to jointly provide humanitarian aid to Syria.

Gazprom kicked off the construction of the Turkish Stream’s seabed section off the Russian Black Sea shore in May 2017.

The Chinese tariffs are seen as retaliation to last month’s U.S. tariffs on imported steel and aluminum.

Constructions of the second and the third vessels is underway. and they are expected to be delivered at the end of September 2018 and September 2019 respectively.

CEO and president Amin Nasser says exploring other deals in the infrastructure. manufacturing and service industry sectors.