Bloomberg Iran’s Persian Gulf Petrochemical Industries Co. is in talks with Asian companies to raise as much as 1 billion euros ($1.1 billion) for an expansion including a methanol project intended to serve China and other Asian customers. An Italian company is “in the forefront” as a potential investor in the company, according to Touraj Seyed Arvanaghi, managing director ...

  Riyadh / AFP Arid Saudi Arabia could need more than $53 billion in water sector investment supported by private funds as demand grows, officials said on Sunday. The world’s largest oil exporter, whose petroleum revenues fell 51 percent last year on declining crude prices, is pushing to diversify its economy through greater private sector investment and development of new ...

  AFP China could waste as much as half a trillion dollars on unnecessary new coal-fired power stations, a climate campaign group said on Monday, arguing the world’s top carbon polluter already has more than enough such facilities. The Asian giant’s rise to become the world’s second largest economy was largely powered by cheap, dirty coal. But as growth slows, ...