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Asia-pacific

Etisalat To Shut Down India JV

The decision follows the ruling of an Indian court to cancel 122 telecoms licences in the country amid a corruption scandal.

MENA, Russia Trade To Grow 14%

The region’s trade with Russia, India and China is set to grow much faster than trade with developed economies.

Gulf Funds Eyeing ONGC Stakes

Sovereign wealth funds from the UAE and Kuwait have reportedly agreed to buy stakes in India’s ONGC.

SABIC, Sinopec In $5.3bn Contract

The two companies are in negotiations to build a methanol complex in Trinidad and Tobago.

Batelco Sells STel Stake

The Bahraini telecoms operator will receive $174.5 million, the same amount that it paid to purchase the stake in the Indian firm.

Saudi Ready To Up S Korea Oil Supply

Saudi Arabia might increase crude oil supplies to South Korea as Seoul looks for alternatives to Iranian oil.

Oman May Sell Crude To Sri Lanka

The country is scrambling to find an alternative to its threatened primary supply from Iran, Oman’s oil minister has said.

Japan’s Trade Deficit Raises Concerns

The country’s first trade deficit since 1980 raises questions how Japan will finance its huge public debt.

Drake & Scull Pushes Into Asia

Amid the Dubai real estate meltdown, UAE contractor Drake & Scull International is chasing growth in Saudi Arabia and Asia.