RIYADH / WAM The Saudi Council of Ministers, chaired by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, has approved the largest budget in the Kingdom’s history with SAR1.106 trillion spending in 2019, approximately 7 percent higher than the projected expenditure by the end of the fiscal year 2018. This came in a session held ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) and its project partner Cepsa have announced the awarding of a key contract, as both companies move forward with plans to develop a world-scale linear alkyl benzene (LAB) plant in the Ruwais Derivatives Park. The LAB project is the first of the derivative units to be advanced under Adnoc’s ...

ABU DHABI / WAM A total of 22.5 million cheques worth AED1.2 trillion were handled by the UAE Clearing Cheque System during the first 11 months of 2018, according to statistics released by the Central Bank of United Arab Emirates (CBUAE). The cheques handled from January through November account for 80 percent of the total value of cheques handled throughout ...