World Business News

Saudi Arabia is planning to drill seven shale gas wells in 2013, country’s oil minister Ali Al-Naimi has said.

Eni and Petrochina, controlled by CNPC, have signed an agreement where the Italian firm will sell 28.6% in its East Africa shares, owner of the 70% interest in Area 4, in Mozambique. Price agreed is equal to $4,21 billion.

Dozens of buyers queued outside the upmarket Central Park shopping centre in the capital Jakarta from 07:00 am to snap up the new device, launched in Britain and Canada earlier this year and set for a launch in the US next week.

"High processing performance based on multi-cores has become an essential factor for advanced mobile devices, and what users expect more is how long and seamlessly they can enjoy smart mobile computing experiences," said Taehoon Kim, Vice President of Marketing,