Saudi Arabia is lobbying oil ministers to agree for a 9-month extension to OPEC-led supply cuts, as Riyadh seeks to ensure a price-sapping glut is eradicated.
A Syrian opposition meeting began in a bid to unify the group’s position ahead of peace talks backed by the UN to end the country’s six-year civil war.
Lebanon’s Saad al-Hariri suspended his decision to resign as PM at the request of President Michel Aoun to allow for dialogue, easing a major political crisis.
Lebanon marks its independence with its sovereignty as compromised as ever by the agendas of foreign states that have shaped its history.
Toshiba-owned Westinghouse is in talks with other US-based companies to form a consortium to bid for multi-billion-dollar nuclear tender in Saudi Arabia.
Moscow believes that resignation of Syrian opposition figures such as Riyad Hijab will help unite Syria’s opposition on a more “constructive platform”.
Lebanon Prime Minister Saad al-Hariri said late he is on his way to the airport in Saudi Arabia.
Saudi authorities are striking agreements with those detained in an anti-corruption crackdown, asking them to submit assets, cash in return for their freedom.
Iran accused France of fuelling tension in the Middle East by taking a “biased” stance on Tehran’s regional policy.
Lebanon’s Saad al-Hariri is expected to leave Saudi Arabia for France within 48 hours, before flying home to Beirut to officially submit his resignation as PM.
Arm ONGC Videsh to acquire stake in offshore Namibia block
Ovl through ONGC Videsh Vankorneft has signed a pact with Tullow Namibia ltd
Will acquire 15 % participating interest in Namibia petroleum exploration license
Financial Express Reports
Is one of the 5 shortlisted vehicle manufacturers selected by united state postal services
Will supply prototype delivery trucks got its postal service
Order expected to be for about 180,000 units
Also plans to launch SUVs from Koreas Ssangyong motor company
Financial Express Reports
Apple cuts iphone x retailers margin to 4.5%
Apple has reduced retailers margin by 30%
Co & BGR infra consortium win Talaipalli coal block mining order
Co, BGR infra consortium coal block order is worth Rs 25,070 Cr
Order to be executed over 25 years with annual revenue of 1000 Cr
SPV between NCC and BGR in the ratio of 51:49 to be formed
Coal production from this block expected to commence from 2019
Peak capacity of 18 mn tonnes to be achieved in 5th year of operation
Cuts prices of shampoo, air freshener, skin care products by 9%
Lower prices of some products by 9% to pass on GST rate cut