May 2012 Archives « | Kippreport.com

Lukoil-led group wins Iraq oil block bid

Lukoil leads group on bid for key oil block; First, second day see few tenders; Iraq plans fifth energy bidding round

May 31, 2012 5:41

OPEC basket price down to $102.75 on Wednesday

The reference basket comprises 12 crudes: Algeria's Saharan Blend, Angola's Girassol, Iran Heavy, Iraq's Basra Light, Kuwait Export, Es Sider from Libya, Nigeria's Bonny Light, Qatar Marine, Saudi Arabia's Arab Light, Murban from the UAE, Venezuela's Merey and Oriente from Ecuador.

May 31, 2012 5:40

Qatar-based directors quit Syrian bank due to sanctions

The Qatar-based directors of Syria International Islamic Bank (SIIB) resigned their roles at the behest of the Gulf Arab state's central bank, to comply with U.S. Treasury sanctions against the lender.

May 31, 2012 5:36

Egypt’s EFG defends executives against graft charges

May 31, 2012 5:35

Why the outcomes of the Egyptian election might make the country’s economic challenge tougher.

The success of two polarizing figures in Egypt's presidential election could make it harder to put in place an effective government that can tackle an economic crisis and secure vital foreign aid.

May 31, 2012 5:32

5 stories you should not have missed on the web this week

The Best Way to Land a Job? It's Still Word of Mouth; Hedging their bets; Iran: ‘Flame’ Virus Fight Began with Oil Attack; Facebook's IPO fallout and the problem with the data-as-profit model; The 1 Percent’s Problem

May 31, 2012 5:03

Please, have a seat!

In light of the recently held 11th edition of the Office Exhibition, Kipp took a quick look at the humble but important throne of the work place: The Mighty Office Chair.

May 31, 2012 4:07

R&M Middle East & Africa Provides Career Guidance and Employment Opportunities to Students at Paris-Sorbonne University Abu Dhabi

DUBAI, United Arab Emirates – 31 May, 2012 – As part of its efforts to educate the younger generation about…

May 31, 2012 2:49

DIFC investments to sign part government-backed $1 billion loan

DIFC Investments, a unit of the firm that runs Dubai's financial free zone, is set to sign a $1 billion loan partly guaranteed by the Dubai government to help refinance a $1.25 billion Islamic bond maturing in June, two sources said on Thursday.

May 31, 2012 11:52

Iran cancels $2 billion dam deal with china

Iran has cancelled a $2 billion contract for a Chinese firm to help build a hydroelectric dam in the country, a move that risks upsetting Beijing, one of Tehran's most important economic and political allies.

May 31, 2012 11:49

Japan crude imports from Iran fall 26.1 percent y/y in April

Japan's crude oil imports from Iran fell 26.1 percent in April from a year earlier to 0.90 million kilolitres (189,137 barrels per day), data from the Ministry of Economy, Trade and Industry (METI) showed on Thursday.

May 31, 2012 11:47

Brent crude ends lower on euro zone, China worries

Brent July crude fell $3.21, or 3 percent, to settle at $103.47 a barrel, the lowest settlement since the Dec. 16 close at $103.35. Brent fell to $102.97, its lowest intraday price since Dec. 19, after reaching $106.82.

May 31, 2012 11:45

Abu Dhabi Islamic bank opens swanky London branch

First UAE-based Islamic bank branch; Targets wealthy Gulf clients in London

May 31, 2012 11:43

Ahmadinejad sees no “miracles” at Moscow nuclear talks

Iranian President Mahmoud Ahmadinejad said on Wednesday he did not expect talks in June with six world powers in Moscow over Iran's nuclear powers to yield any major breakthroughs.

May 31, 2012 11:42