Friday 3 July 2015
 
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Russia

Saudi Aramco plans to boost stake in Lukoil JV

Saudi state oil company Saudi Aramco wants to raise its share in Luksar, a joint venture with Russia's Lukoil, to 50 per cent, the chief executive of the Russian company said on Wednesday. "They are interested in taking t

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Saudi inks deal for $10bn joint Russian fund

Saudi Arabia's government and a Russian state fund have signed a memorandum of understanding to jointly invest as much as $10 billion, official Saudi news agency SPA said. The deal between Saudi Arabia's Public Investment

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Egypt to set up $5bn joint fund with Russia

Egypt plans to complete establishment of $5 billion joint fund with the Russian Direct Investment Fund and Arabian sovereign wealth funds in 2015, Egypt's Minister of Industry Mounir Fakhry Abdel Nour told TASS. The minister s

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Bahrain 'gateway to $1.6trn GCC market'

The economic volume of the GCC countries combined together is more than $1.6 trillion and is poised to hit $6 trillion over the next five years, said a report citing the Bahrain Deputy Prime Minister Shaikh Mohammed bin Mubarak Al Khalifa.

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Saudi, Russia sign nuclear power co-operation deal

Saudi Arabia and Russia have signed an agreement to co-operate on nuclear energy development, a Saudi Arabian government body in charge of such projects said. The government body, the King Abdullah City for Atomic and Renewable En

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Russia ‘keen to aid Bahrain in technical military sector’

Russia is ready to co-operate closely with Bahrain in the technical military field. This was announced as Russian Ambassador Vagif Garaev praised the level of relations between the two countries, highlighting the convergence of vi

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Russia, Saudi Arabia to discuss broad oil cooperation agreement

The oil ministers of Russia and Saudi Arabia plan to discuss a broad cooperation agreement at an economic forum in St Petersburg, two sources told Reuters.   Saudi Arabia is the top producer in the Organization o

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Fifa postpones 2026 bid, seeks new chief

Scandal-plagued Fifa postponed the bidding for the right to host the 2026 World Cup on Wednesday and embarked on the search to find a replacement for outgoing President Sepp Blatter. Fifa secretary general Jerome Valcke said durin

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G7 leaders see window of opportunity for Syria deal

Group of Seven leaders believe a window of opportunity for a political deal in Syria may be opening up that would eventually see President Bashar al-Assad step down, giving way to a new coalition government, officials familiar with the discussio

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Iran, Russia set to launch oil-for-goods exports

Russia will begin importing Iranian oil under a long-heralded oil-for-goods barter arrangement in the coming week, Iran's oil minister was quoted as saying, more than a year after negotiations began. The Kremlin announced in A

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