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Total signed deals for engineering studies to build a petrochemical complex in Jubail, where it already has a refinery venture with Aramco on the eastern coast of Saudi Arabia. It also signed an agreement for a possible investment of a retail service station network with Aramco. Both announcements are not new and have been in the works for months. The French oil major’s Chief Executive Patrick Pouyanné issued a statement in support of Saudi Arabia, which is facing one of its toughest political crises in decades, before he flew to Riyadh to take part in the event as a panelist.

“Some business leaders have decided that the circumstances do not allow them to visit Riyadh, I respect their choice, Total has never been in favor of sanctions and isolation - for example, against Russia, Iran or Qatar - and nor do we support boycotts,” Pouyanné said, “Total has partnered with Saudi Aramco for 40 years.”, Several Western countries including key ally the United States were discussing the prospect of sanctions against the world’s top oil exporter, Russian President Vladimir Putin, whose country has been cooperating closely with the kingdom on oil markets, said he could not lion cufflinks justify ruining relations with Riyadh..

Russia sent a delegation of more than 30 entrepreneurs and leaders of major Russian companies to the FII. Riyadh and Moscow are leading the so-called OPEC+ alliance in managing the oil market and the two major producers coordinate on output policies closely. African and Arab leaders, including close ally King Abdullah of Jordan, also rallied around Riyadh. Leaders from Bahrain, the United Arab Emirates and Lebanon walked beside Prince Mohammed as he entered the main hall on Wednesday. The prime minister of Pakistan, the presidents of Gabon and Senegal and the deputy prime minister of Ethiopia spoke onstage.

In sectors like banking and consulting, where Western companies have a deep presence in the kingdom, senior executives canceled their engagements at the conference but still sent regional representatives for appearances and meetings, Credit Suisse, HSBC, Mastercard and Siemens remained “strategic partners” for the event, while consulting firms Deloitte, EY, McKinsey, Oliver Wyman, PwC, Strategy& and the Boston Consulting Group stayed on as “knowledge partners.”, Global investment banks, which according to Refinitiv data earned $2.7 billion in fees in Saudi Arabia since 2000, lion cufflinks all sent delegations, even if their top bosses stayed away..

HSBC, which has a 40 percent stake in a Saudi bank and has played an active role in the kingdom in recent years, had one of the largest teams with around 10 people, including Samir Assaf, the head of its investment bank. An executive from a Chinese financial firm said some Western executives there were keeping lower profiles because of the Khashoggi affair: “A lot of the movers and shakers are represented here, you just don’t see them.”. On the first day, Saudi officials thanked friends who came.

“Let me first express my appreciation and gratitude for the many friends and partners who are with us today as we all know these are difficult days for us lion cufflinks in the kingdom of Saudi Arabia,” said Falih, “We are going through a crisis of sorts.”, On Wednesday, Prince Mohammed broke his silence about the killing of Khashoggi, one of his prominent critics, vowing to bring those responsible to justice, Striking a defiant tone, he took the stage for a panel discussion, touting Saudi Arabia’s reform drive and highlighting the promise of Middle East economies, even Qatar’s with which the kingdom is in a protracted dispute..

(Reuters) - United Parcel Service Inc on Thursday will unveil an urban delivery test in Seattle that uses electric bicycles geared to carry packages in large preloaded boxes to save time and cut pollution, the company said. The new project from UPS, which started in Seattle in 1907 as a bicycle messenger company, comes as deliveries of online purchases surge. UPS and its rivals - including FedEx Corp - are also searching for ways to slash delivery costs and vehicle emissions. UPS partnered with Silver Eagle Manufacturing and Truck Trikes to design the cargo eBike, which has a battery-powered electric motor, for the test, which begins on Nov. 5, UPS said.

The bike hauls replaceable, 95 cubic-foot boxes that carry packages weighing up to 400 lbs, UPS lion cufflinks said, adding that the trailer and replaceable container configuration of the bike is a U.S, first, The rider will pick up pre-loaded containers from a designated city parking spot and return them empty, Using pre-loaded cargo boxes “wipes out” the double handling of packages and helps to shrink delivery costs, Scott Phillippi, UPS senior director for automotive maintenance and engineering for international operations, told Reuters..

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