Bloomberg Saudi Arabia is considering a more expansionary budget than planned for 2018, Finance Minister Mohammed Al-Jadaan said. Authorities were already planning an expansionary budget, “and we are considering even a potential further expansion,” Al-Jadaan said in an interview at the Future Investment Initiative in Riyadh. “We think the economy requires that support and development requires that support.” The drive ...

Bloomberg Total SA posted the highest earnings from pumping oil and gas in more than two years, illustrating the improving fortunes of an indus- try that’s endured the deepest downturn in a generation. Total’s earnings followed surprisingly strong profits from ConocoPhillips and Statoil ASA, driven by a combination of higher crude prices and deep cost cuts. Exxon Mobil Corp. and ...

DUBAI / Reuters International Finance Corporation (IFC), a member of the World Bank Group, on Sunday said it had completed a $653 million debt package to finance building 13 solar power plants near Aswan in Egypt, planned to be part of the largest solar park in the world. Generating up to 752 mega-watts of solar power, the Nubian Suns Feed-in-Tariff ...