A $1 billion joint investment fund (JIF) launched by Qatar and Indonesia is in its completion stages and is expected to fund major infrastructure and energy projects, a report said.
Indonesia’s 15 per cent share of the JIF i
Oil and gas giant Saudi Aramco may reduce its stake in a proposed $5.5 billion refinery project in Indonesia, the country's energy minister said.
Aramco has asked to cut its share of the project to upgrade
Oman Oil Company Exploration & Production (OOCEP) is planning to build two refineries in Indonesia in collaboration with state-owned oil and gas company Pertamina, a report said.
“The company has conveyed its willingness
Indonesia's state-owned Pertamina on Monday signed a memorandum of understanding to conduct preliminary studies on two Iranian oilfields, a step closer to the company's first investment in the Middle Eastern country's upstream sector
Singapore called for heightened vigilance on Saturday, a day after Indonesian police arrested a group of men they believed were plotting a rocket attack on the wealthy city-state with the help of a Syrian-based Islamic State militant.
Indonesian authorities arrested six suspected militants on Batam island on Friday who were believed to be linked to the Islamic State group and plotting an attack on nearby Singapore, an Indonesian police spokesman said.
A suicide bomber on a motorcycle attacked a police station in the small Indonesian city of Solo on Tuesday, killing himself and wounding one other, MetroTV quoted a police spokesman as saying by MetroTV.
"He broke into the ya
The UAE-based retail major Lulu Group marked its retail push into Indonesia with the opening of its first hypermarket in the country in capital Jakarta.
The group has already announced plans to invest $500 million and set u
Iran is set to sign a contract for the sale of crude oil and petroleum gas (LPG) to Indonesia, a report said.
Indonesian Energy Minister Sudirman Said will discuss bilateral ties in Tehran, Iran, today (May 29) and sign a memorand
Saudi Arabia has joined Turkey, Indonesia and the Jeddah-based Islamic Development Bank (IDB) as a prospective founder member of a new Islamic finance infrastructure bank, according to Indonesia's finance minister.