Saudi Aramco and Sumitomo Chemical Co. plan to invest around $12.5 billion in the second expansion phase of their joint-venture Rabigh Refining and Petrochemicals Co., al-Hayat reported, citing an unidentified source.
Oman’s plan to build a $1 billion natural-gas pipeline from Iran is the latest sign that Saudi Arabia is failing to bind its smaller Gulf neighbors into a tighter bloc united in hostility to the Islamic Republic.
Mediated negotiations between Hamas and Israel on a prisoner exchange involving a captive Israeli soldier in the Gaza Strip and hundreds of Palestinian prisoners have resumed, the Saudi-owned Al-Hayat newspaper reported, citing a Damascus-based Hamas official.
Leaders of the Palestinian Islamic Hamas group have decided to move from Syria, where they have been based for years, to Qatar and Egypt, Al-Hayat newspaper reported today, citing unidentified Palestinian people.
Saudi Arabian Oil Co., the world’s largest crude exporter, suffered an attack on its computer system from a hacker in Eastern Europe, al-Hayat newspaper said, citing people it didn’t name in the company.