Reuters Exxon Mobil has pulled out of a major project in Pakistan, in a potential blow to plans to boost imports of liquefied natural gas (LNG) after years of winter shortages. Differences among the six-member group behind the project in Port Qasim in Karachi mean French oil major Total and Japan’s Mitsubishi may also quit and join a rival scheme, ...

Riyadh / Emirates Business With retail sales continuing to increase, this could be the first sector to recover in Riyadh real estate market, highlights JLL’s Q3 market overview report. As the government launched the $2.6 billion entertainment company in September, Shoppertainment remains a key concept in the retail industry among entertainment, leisure and F&B tenants. The growing participation by women ...

Bloomberg Samsung Electronics Co. has cleaned out its most senior executives just hours after posting record profit and doubling investor payouts. Lee Sang-hoon has been nominated as the next board chairman while all three co-chief executive officers were replaced in a massive shakeup of the top ranks. The announcement came after Samsung topped profit estimates and said it would boost ...