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Talks on Saudi-British trade pact underway

  Jeddah / TNS A Saudi-British agreement on free trade will see the light if both countries’ governments agree on its terms. This was stated by Chris Innes-Hopkins, executive director of the Saudi British Joint Business Council, in an interview with Asharq Al-Awsat newspaper. Hopkins said the council was encouraging British investments in Saudi Arabia in particular, with the adoption of ...

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Libya’s PFG to start lifting oil terminals blockade

  Reuters Libya’s Petroleum Facilities Guard (PFG) will start lifting a blockade on eastern oil terminals over the next three days, though a resumption of exports will depend on the state of the ports, a spokesman said. The PFG, which protects Libya’s oil terminals and fields, has blockaded the major eastern terminals of Ras Lanuf, Es Sider and Zueitina for ...

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MODON inks $160bn pacts

  Reuters The Saudi Industrial Property Authority (MODON) has inked more than 6,000 industrial, logistic and services contracts for investments that exceed SR600 billion ($160 billion) and provide job opportunities for more than 520,000 employees. Sami Al-Hussaini, official spokesperson of MODON, told Asharq Al-Awsat that factories in the industrial zones have registered a remarkable rise during 2015, in addition to ...

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