Bloomberg Russia and Turkey agreed to build a natural-gas pipeline under the Black Sea that could be up and running by the end of 2019, capitalizing on a recent improvement in relations between the two nations. Approval for Turkish Stream — a dual pipeline project consisting of one link serving the Turkish market and another one possibly to southern …

  Reuters The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) plans to finalize several new standards by the end of the year, as the standard-setting body works through a revamp of its guidance for the $2 trillion industry. Bahrain-based AAOIFI has published a draft sharia standard for gold-based products with a one month consultation period ending Nov. 9, …

  Reuters A joint venture of HaskoningDHV UK and Hyundai Engineering & Construction Co has been awarded a contract to design the infrastructure for the Ras Al Khair maritime yard in Saudi Arabia, a statement from the firms said on Tuesday. The duo, based in the Netherlands and South Korea, have been awarded the front-end engineering design contract, with the …