Saudi Arabia is building stake in UK’s BT Group, Telegraph reports

London: Saudi Arabia’s Public Investment Fund (PIF) has been buying shares of BT Group Plc on the open market in recent weeks, the Telegraph reported, citing three sources close to BT that it didn’t identify. The stake was said to be “significantly” lower than the 5 per cent threshold that would require notification to the exchange, […]

Italy’s energy giant Eni could exit from Pakistan

Karachi: Italy’s Eni SpA is weighing a sale of its energy exploration and production assets in Pakistan after operating in the country for about 20 years. Eni is working with a financial adviser to gauge interest in the portfolio. The disposal includes Eni’s producing assets in Bhit, Badhra and Kadanwari as well as its processing […]