GlassPoint Solar Inc.’s completion of the first Middle Eastern solar plant that makes steam to extract crude from aging oilfields, on time and under budget, will help encourage orders in the region for the producer’s technology.
Smashburger, a Denver-based burger chain, will expand to about 500 units in the U.S. in the next two to three years and may consider an initial public offering, Chairman and Chief Executive Officer Dave Prokupek said.
Kuwait, the third-biggest producer in OPEC, replaced senior executives of its state oil industry in an infusion of “fresh blood” after the government paid $2.19 billion in compensation for a cancelled joint venture.
Saudi Arabia, Kuwait, and Venezuela reduced crude oil exports in March from the previous month while West African members of the Organization of Petroleum Exporting Countries increased shipments, according to official data.
Dubai’s benchmark stock index rose for a ninth day in its longest winning streak in more than two years on investor optimism the emirate is recovering from a property crash and restructuring debt. Abu Dhabi’s gauge gained.
Kuwait’s government reshuffled the board of Kuwait Petroleum Corp., naming a new chief executive officer, and suspended “leading officials” at Petrochemical Industries Co. following a $2.19 billion compensation payment to Dow Chemical Co.