Saudi hardship payments will boost economy, but could impact deficit

Saudi Arabia’s royal order to pay a hardship allowance to government workers could boost the economy but will also impact the kingdom’s budget deficit, according to Bank of America Merrill Lynch (BofAML).

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Saudi Binladin Group shares may be transferred to state

Saudi Binladin Group (SBG) said on Saturday some shareholders in the construction giant might transfer part of their holdings to the state in a settlement with authorities, which detained several members of the founding family in an anti-graft drive.

 

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Saudi Aramco participates in North American International Auto Show

Saudi Aramco is participating at the North American International Auto Show (NAIAS) in Detroit, where it will be showcasing innovative technologies that have the potential to transform the internal combustion engine (ICE), greatly improving its efficiency and reducing its environmental impact, the global integrated energy and chemical company has said.

 

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Bahrain to host MERTC 2018

Bahrain will host the second Middle East Refining Technology Conference (MERTC) and exhibition, under the patronage of Oil Minister, Shaikh Mohammed bin Khalifa Al Khalifa, on January 23-24.

 

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WFTU statement on the new accident in Pakistan

The World Federation of Trade Unions expresses its sincere condolences to the families and friends of the workers who lost their lives in Pakistan.

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