UAE markets to close for Eid holiday
The UAE's three bourses will be closed for two or three days for the Eid holiday, depending on the sighting of the moon, the market regulator said on Monday.
August 13, 2012 4:25-
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Saudi Aramco restart secondary unit at Jubail JV refinery
State oil giant Saudi Aramco restarted a secondary unit at its 305,000 barrels-per-day joint venture refinery with Royal Dutch Shell in Jubail, the joint venture's top executive said on Monday.
August 13, 2012 4:22 -
UAE’s Dana Gas second quarterly profit rises on lower tax expense
Dana Gas Co, which has a $1 billion Islamic bond maturing in October, on Monday said its quarterly profit rose 46 percent helped mainly by lower income tax expenses.
August 13, 2012 4:19
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Oman to spend $1 billion more on job creation
Oman plans to spend an additional $1 billion from its oil windfall to create jobs for its citizens over the next 12 months, a finance ministry official said on Sunday.
August 13, 2012 1:09 -
Qatar’s Nakilat signs $380 million Islamic loan
Qatar Gas Transport Co (Nakilat), the world's largest shipper of liquefied natural gas (LNG), signed a $380 million murabaha-structured Islamic loan, a statement from one of the banks providing the finance said on Sunday.
August 13, 2012 11:55 -
Bahrain’s Al Baraka banking second quarterly net income up 13 percent
Q2 net attributable income $38 mln vs $34 mln yr-ago; Q2 total operating income rises 13 pct vs Q2 2011; H1 attributable income $70.8 mln vs $64.4 mln
August 13, 2012 11:35
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Strait of Hormuz open after tanker, US navy ship collide
An oil tanker collided with a U.S. Navy ship near the Strait of Hormuz on Sunday but no one was hurt and shipping traffic in the waterway, through which 40 percent of the world's seaborne oil exports pass, was not affected, officials said.
August 13, 2012 11:30 -
Japan’s JGC wins Aramco, Sumitomo JV Saudi contract
Japan's JGC Corp signed a deal to expand an ethane cracker for a petrochemicals complex owned by Saudi Aramco and Japan's Sumitomo Chemical, an industry source said.
August 13, 2012 11:09 -
UAE’s FAL Oil to hire restructuring officer for debt talks
New CRO to be appointed in a week; Creditors divided on injecting new money –banker; FAL Oil awaits court judgement on claims against SEWA
August 13, 2012 10:45
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Asian oil buyers help Iran stave off the worst, for now
Asian imports of Iran oil may edge up, but will level by year-end; Japan, China, India and South Korea buy most of Iran's oil exports; Iran exports at risk due to possible fresh sanctions
August 13, 2012 10:18 -
Brent hits 3-month top above $114 on supply worries
All threats "dwarfed" by Iran nuclear work - Israel PM; Asian shares steady, growth worries limit gains; Brent to drop back to $111.31 -technicals
August 13, 2012 10:17 -
Qatar deposits $2 billion to support Egyptian economy
Qatar said on Saturday it would deposit $2 billion at the Egyptian Central Bank in an effort to help support an economy battered by a year and a half of political turmoil, an Egyptian presidency statement said.
August 12, 2012 10:30
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Egypt’s GASC buys 120,000 tonnes of Russian wheat
Egypt, the world's biggest wheat importer, has bought 120,000 tonnes of Russian wheat for Sept. 10-20 shipment on a free on board basis, the main government wheat buyer said on Saturday.
August 12, 2012 10:04 -
World’s most expensive cupcake to donate proceeds to World Food Programme
At least 1,850 underprivileged children to be fed for every Golden Phoenix cupcake purchased with new Bloomsbury and World Food Programme tie-up
August 12, 2012 9:42 -
Middle East virus spies on financial transactions
Dubbed Gauss, the virus may also be capable of attacking critical infrastructure and was built in the same laboratories as Stuxnet, the computer worm widely believed to have been used by the United States and Israel to attack Iran's nuclear program
August 9, 2012 11:39
