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  • bahrain200

    Shareholders approve three-way Bahrain bank merger

    Shareholders of three Islamic banks in Bahrain have approved plans to merge them all into a single entity, a joint statement said, paving the way for a rare example of consolidation in the Gulf Arab banking sector.

    July 1, 2012 5:01
  • Iranian Oil Minister Rostam Qasemi

    Iran urges emergency OPEC meet as price drops

    Iranian Oil Minister Rostam Qasemi urged OPEC's secretary general to call for an extraordinary meeting amid falling oil prices, Iranian Oil Ministry's website SHANA said on Saturday.

    July 1, 2012 10:06
  • Bahri

    Saudi’s Bahri gains 9 percent after merger announcement

    Shares at Saudi National Shipping Co (Bahri) rose 9 percent on Saturday after it signed an agreement with Saudi Aramco to buy its Vela marine unit for $1.3 billion in cash shares.

    July 1, 2012 10:04
  • N.Korea Sanctions

    UN publishes report on N.Korea sanctions violations

    After more than a month's delay due to Chinese objections, the United Nations on Friday published a report on North Korea that says a panel of independent experts is investigating reports of possible North Korean arms deals with Syria and Myanmar.

    July 1, 2012 10:03