Riyadh / REUTERS Saudi Binladin Group has asked for an extension on a 817 million riyal ($217.8 million) Islamic loan that matured last week and which was being used to fund construction work on the kingdom’s Grand Mosque site, according to sources aware of the matter. The request to delay the payment, originally due on July 15, was because ...

  Bloomberg Growing demand from oil refiners and the continued filling of strategic crude reserves in the face of domestic production declines will support crude buying by the world’s second-largest consumer, according to analysts from Energy Aspects Ltd. and ICIS China. Coal imports will continue to rise to help fill a supply gap left by a mining slowdown. “Crude buying ...

  AFP The EU’s 28 member states agreed on Monday to launch free trade talks with Indonesia, despite growing public doubts in Europe about two major transatlantic deals. The deal with Indonesia will build on pacts with other Asian powers such as Singapore and Vietnam. “The EU and Indonesia represent a huge market of 750 million consumers. These negotiations are ...