RIYADH: Energy giant Saudi Aramco held talks with Chinese Hengli Group Co. to acquire a 10 percent stake in its subsidiary, subject to due diligence and required regulatory clearances.

Saudi Arabia’s Public Investment Fund (PIF) announced it has signed deals with Saudi Telecommunications Company (stc Group) that will see PIF acquire a majority stake in Saudi Telecom Co.’s tower unit for $2.3 billion and plans to merge it with other local assets to create the region’s largest telecom tower company.

The Netherlands officially shut down the Groningen gas field on Friday after the authorities approved a permanent halt to drilling operations at the site to limit seismic risks in the northern region.

The country has enjoyed a rebound in consumption and an uptick in real wages, analyst Alfred Kammer has said

Technocrats have staked their legitimacy not so much on a carbon-neutral future as on a vision of prosperity that is rapidly receding

Tehran is preparing the financial infrastructure for the Visa and Mastercard alternative, a trade envoy has said