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Amin H. Nasser was named acting president and chief executive of Saudi Aramco following a 23-year career at the company.
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Abu Dhabi’s sovereign-wealth fund will pay US$1.2 billion, including debt, to acquire a stake in three Hong Kong hotels owned by billionaire Cheng Yu-tung, in the latest Middle Eastern investment in the city.
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The chief executive of one of Britain’s largest supermarket chains is battling a two-year jail sentence imposed on him by an Egyptian court, in relation to a dispute with a local businessman in Egypt.
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French oil major Total reported a 20% fall in first-quarter net profit as its strongest production in a decade partially offset the impact of the collapse in oil prices.
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Part state-owned Japanese energy firm is awarded a 5% stake in one of the Gulf nation’s biggest oil concessions.
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Europe’s biggest independent oil companies are flush with energy assets, but battered by the collapse of crude prices. Investors are now betting on which one could be the next big acquisition target.
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Teva’s deal for Mylan represents corporate Israel’s biggest foreign foray and caps years of hand-wringing about the country’s inability to nurture big multinationals, despite its reputation as a startup hub.
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The carriers hired investigators to help craft a claim of unfair subsidies.
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A sharp fall in the price of oil has weighed heavily on Sabic’s, but the Saudi Arabian petrochemicals giant remains optimistic and will continue to explore new investment opportunities in search of growth, its chief executive said.
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Rolls-Royce said it has won its largest ever order from Emirates Airline worth $9.2 billion to power Airbus A380 superjumbos. It will provide Trent 900 engines and its TotalCare long-term support service.
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Saudi King Salman’s removal of deputy education minister Norah al-Faiz from her position as part of a broader shuffle has triggered fresh concern among women.
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A series of airstrikes on a Syrian village controlled by Islamic State on Friday killed more than 60 civilians, according to two Syrian human-rights groups, as the U.S. said it would investigate the claims
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U.S. government, which closed its embassy in February, deems rescue mission too risky.
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The nice welcome for Foreign Minister Javad Zarif in New York received a lively lampooning downtown.
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King Salman is sending a message to the U.S. and to restive young Saudis flirting with joining Islamic State.
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Killing this oversight would only give Obama more Iran running room.
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