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OPEC guv hints at output freeze

KUWAIT / Reuters All signs suggest that a meeting of OPEC and non-OPEC oil producing countries in Doha on April 17 will produce an initial agreement to freeze output, Kuwait’s OPEC governor Nawal Al-Fuzaia said on Tuesday. Fuzaia, giving a speech at the oil ministry, also said she expected the oil market to achieve a balance between supply and demand ...

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Saudi businessmen investing $4 billion in projects in Egypt

CAIRO / Reuters Saudi businessmen are investing $4 billion in projects including the Suez Canal, energy and agriculture, and have already deposited 10 percent of that sum in Egyptian banks, the deputy head of the Saudi-Egyptian Business Council told Reuters, two days before Saudi Arabia’s King Salman visits Cairo. Egypt has been struggling to attract foreign investors since an uprising ...

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Abe to face $54 billion govt pension fund loss

Tokyo / Bloomberg Japan’s government will escape a piece of bad news until after a summer election. The $1.3 trillion Government Pension Investment Fund will on July 29 announce what may be its worst annual loss since the global financial crisis — about three weeks later than usual and after an upper house poll that must be held before July ...

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