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  • riyadh power plant

    Saudi’s Al Fanar Co signs $800 million Islamic loan

    Al Fanar Company, a Saudi-based electrical engineering and electrical products manufacturer, has signed a 3 billion riyal ($800 million) dual-tranche Islamic loan, it said in a statement on Tuesday.

    July 3, 2012 5:22
  • 200-etisalat

    UAE overhauls Etisalat board after profit slump

    Eissa al-Suwaidi named chairman, replacing Mohammad Omran; Abu Dhabi ruler also appoints six new directors; Omran was Etisalat's chairman since 2005

    July 3, 2012 5:22
  • Lotos oil

    Poland’s Lotos takes first Saudi oil shipment

    Polish refiner Lotos has received a shipment of crude oil from Saudi Aramco , the possible first step in a long-term relationship between the two state-controlled firms, Lotos said on Tuesday

    July 3, 2012 5:21