Authorities in both countries, whose currencies are pegged to the US dollar, said they were keeping an eye on the impact of the Brexit vote, but that their banks’ exposure is limited. “Due to the limited connection between the UAE …
Saudi and UAE see little Brexit impact on their banks Read more »
State-owned Korea Hydro & Nuclear Power Co. (KHNP) signed a $920m deal with Emirates Nuclear Energy Corporation (ENEC) to operate four nuclear reactors, currently under construction, in Barakah in Abu Dhabi. It is the first time for the firm that …
Saudi Arabia will build a maritime complex on its east coast, with shipbuilding capability, to provide sufficient capacity for exporting oil, energy minister Khalid Al Falih said on Sunday. The country, the world’s largest oil-producing nation, eventually will have a …
Saudi Arabia plans shipbuilding complex to support oil exports Read more »
MUMBAI // The world’s largest crude oil refinery, on the western coast of the Indian state of Gujarat, is spread over 3,035 hectares and has the capacity to process 1.2 million barrels per day (bpd). The Jamnagar complex is owned …