Bloomberg Saudi Arabia’s Energy Minister Prince Abdulaziz said his country is ready to make deeper cuts in oil output than it agreed to with other global producers, according to Nigerian Minister of State for Petroleum Resources Timipre Sylva. “He assured me that they are very ready to even cut deeper,” Sylva told Bloomberg TV in Riyadh. The Opec minister said …

AL KHOBAR / WAM First Abu Dhabi Bank (FAB), has expanded its operations in Saudi Arabia with the opening of a branch in Al Khobar. The new branch joins one already operating in Riyadh. Abdulhamid Saeed, Group CEO of FAB, said, “It gives me great pleasure to open our second branch in Saudi Arabia. We look forward to providing the …

Bloomberg Airbus SE landed one of its biggest-ever deals with the sale of 300 narrow-body planes to Indian budget carrier IndiGo that’s worth more than $33 billion at sticker prices. The contract for A320neo-series jets includes the latest XLR long-range variant and takes IndiGo’s orders for the re-engined aircraft to 730, the companies said in a statement on Tuesday. That’s …