Riyadh / Reuters Contracting giant Saudi Binladin Group (SBG) has repaid a 1 billion riyal ($266.7 million) Islamic bond that matured in late June, a sign of modestly easing pressure on the embattled firm, banking sources said. The payment came after a delay of several weeks and used money from a 2.5 billion riyal loan the company secured from ...

  Paris / Reuters Iran is assessing whether to apply for associate membership of the ITER multi-national nuclear fusion project, its director said, just a year after Tehran struck a deal with six world powers to curb its own atomic programme. The International Thermonuclear Experimental Reactor (ITER) project, which was launched 10 years ago by Europe, United States, China, India, ...

  Riyadh / Reuters A consortium of electricity companies led by Saudi Arabia’s ACWA Power has completed refinancing of more than $1.825 billion in debt for its Rabigh 1 power project, ACWA Power said. The consortium, which includes state-run Saudi Electricity Company (SEC) and Korea Electric Power Corporation (KEPCO), runs the 1240 MW fuel oil-fired plant on the western coast ...