WAM The British-based mining company Savannah Resources has announced that it has appointed two new directors to reflect a 1.7 million pound investments made by Al Marjan Limited. According to Mozambique News Agency, AIM, Savannah has rights to three blocks in the copper-rich Semail Ophiolite Belt in the Sultanate of Oman. Its strategy is centred on building a copper …

  BAGHDAD / Reuters Iraq, pressured by lower-than-expected oil prices, will cut non-oil spending in its 2016 budget by 15 percent and take on several billion dollars in international debt, it said in a memo which the International Monetary Fund released on Thursday. OPEC’s second-largest producer, which relies on oil exports for nearly all its revenue, has sought donor support …

  Riyadh / TNS Saudi Arabia, represented by the Ministry of Education and the King Abdul Aziz Foundation for Talent and Creativity (Mawhiba), is due to participate in three international competitions in mathematics, physics and chemistry from the fourth to the 27th of Shawwal 1437 AH in Hong Kong, Switzerland and Georgia. Saudi Arabia is competing in the International Olympiad of …