Bloomberg PetroChina Co. took a page from the playbook of global peers known for generous dividends by deciding to pay shareholders its entire half-year net income. China’s biggest oil producer passed on to investors the benefits of higher global prices with almost 12.7 billion yuan ($1.9 billion) in dividends, the Beijing-based company said as it reported earnings that beat estimates. ...

CAIRO / Reuters Egypt’s Carbon Holdings aims to finalise funding and start building its massive Tahrir petrochemicals project by June, producing raw materials desperately needed to boost the country’s industrial sector, its chief executive told Reuters. The $10.6 billion scheme in the Suez Canal Economic Zone will be the largest petrochemicals project in Egypt. Carbon Holdings CEO Basil El-Baz sees ...

Bloomberg Grab, Southeast Asia’s biggest ride-hailing app, plans to invest $100 million in Myanmar as it extends its battle with Uber Technologies Inc. to capture exploding use of smartphones. Grab will invest the money over the next three years and work with local governments to expand ride-hailing to more cities and roll out services such as its in-app digital payment ...