REUTERS Saudi Arabia’s National Commercial Bank (NCB), the kingdom’s listed largest lender, reported a 3.2 percent rise in second-quarter net profit on Sunday, at the low end of analysts’ forecasts. The bank made a net profit of 2.44 billion riyals ($665 million) in the three months to June 30, up from 2.36 billion riyals in the same period of ...

  REUTERS National Shipping Company of Saudi Arabia (Bahri) said on Sunday it signed a deal with Arab Petroleum Investments Corp. (APICORP) to launch a $1.5 billion investment fund that could buy up to 15 very large crude carriers (VLCCs). The fund will be seeded with $500 million on three occasions, subject to conditions, Bahri said in a bourse statement, ...

  REUTERS Guards protesting over pay shut the eastern Libyan oil terminal of Hariga on Sunday, delaying two shipments of crude, a port official said. A unit of Libya’s Petroleum Facilities Guard (PFG) took the action because they said they had not been paid their salaries recently, the Hariga official said. He said the protest had delayed two tankers, one ...