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Lukoil-led group wins Iraq oil block bid

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-output-hits-new-high

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
 
Syria International Islamic Bank (SIIB)

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

Egypt’s EFG defends executives against graft charges

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 5:35
 
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