Bloomberg China’s Silk Road Fund and Saudi Arabia’s Hassana Investment Co joined a group investing $12.4 billion in Saudi Aramco’s oil pipelines. The consortium, led by US firm EIG Global Energy Partners LLC, has now closed a deal to acquire a 49% equity stake in Aramco Oil Pipelines Co, a new subsidiary, according to an emailed statement. The group includes ...

ABU DHABi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has sent a message of congratulations to President-elect Ebrahim Raisi on winning Iran’s presidential election. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of ...

DUBAI / WAM Bilateral trade between Germany and Dubai reached AED24.6 billion in 2020 and will continue to grow given Dubai’s ease of doing business and flexible ecosystem, according to a top official of Dubai Silicon Oasis Authority (DSOA). Dubai Silicon Oasis also provides numerous facilities to streamline business set-up and operations, attracting hundreds of international technology companies, Dr Mohammed ...