PARIS, France – French President Emmanuel Macron congratulated Rishi Sunak on Tuesday on becoming the new UK Prime Minister, and added in a Twitter message that he would look to work with him on common challenges such as the war in Ukraine.
SABIC’s Quarterly Net Profits Slumps 94% On Lower Sales Prices
PARIS, France – Petrochemicals firm Saudi Basic Industries Corp (SABIC) said on Tuesday its fourth-quarter net profit slumped 94% on lower average sales prices. SABIC posted a net income of 0.29 billion riyals ($77.28 million) in the three – month period ended Dec. 31, down from 4.97 billion riyals in the year-ago period. Princes across…
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Ukraine Gets Support From Saudis With $400 Million Aid Deal
PARIS, France – Saudi Arabia signed agreements worth $400 million with Ukraine on Sunday after the kingdom’s foreign minister made a surprise visit to Kyiv, a movie praised by Washington. Prince Faisal bin Farhan met President Volodymyr Zelenskiy, his chief of staff Andriy Yermak, his Ukrainian counterpart Dymytro Kuleba, and others. He was the highest-ranking…
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Saudi Arabia Pauses Wealth Fund Plan To Acquire Egyptian Bank – Sources
PARIS, France – Saudi Arabia has put a plan by its sovereign wealth fund to acquire the United Bank of Egypt on hold because of a disagreement with the Egyptian authorities over its valuation, two sources familiar with the matter told Reuters. The pause is the most recent stumble in the vast investment programme promised…
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Still Filming, Spielberg, 76, Wins Berlin Lifetime Awards
PARIS, France — Director Steven Spielberg, picking up a lifetime achievement awards at the Berlin Film Festival, said the prospect of making new films continued to excite him at 76, and unveiled new details of his planned HBO series. The director, whose credits include some of the biggest – grossing and best – loved works…
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UAE Names ADNOC Chief Jaber As COP28 Climate Conference President
PARIS, France – The United Arab Emirates said on Thursday that Sultan al – Jaber, the head of state oil giant ADNOC, would act as president of the COP28 climate conference it is hosting this year. Jaber, also UAE’s minister of industry and technology and its climate envoy, will help develop the COP28 agenda and…
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