Emaar sees demand for sukuk in boost for Dubai
Sukuk prices at par with 6.4 pct profit rate – leads; Orders worth $4.65 bln placed, showing confidence in Dubai; Emaar shares up 2 pct
July 13, 2012 8:31-
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UAE frees American hunger striker on bail
The United Arab Emirates has freed on bail an American businessman accused of embezzlement who has been in jail in the Gulf Arab state since 2008 and went on hunger strike in May, the U.S. embassy said on Friday.
July 13, 2012 8:29 -
U.S. crude futures end more than 2 percent higher
U.S. crude futures rose more than 2 percent on Wednesday in choppy, thin trading, in reaction to a drop in crude inventories.
July 12, 2012 12:36
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Iran oil trade skirts ship insurance ban
Iranian oil on its way to China from July programme; Comes amid dispute over freight terms; Japan takes steps to resume imports in August
July 12, 2012 12:16 -
Iran plans 10 billion euro bond issue for oil sector
Buying euro bonds tricky for adventurous foreign investors; Oil funding may follow gas company bond sale; NIOC chief says maintenance could not cause 1 mln bpd export fall
July 12, 2012 11:56 -
Shell to start pumping gas at southern Iraq project
Royal Dutch Shell plans to start pumping gas from its gas joint venture in southern Iraq in the next three weeks at 60 million cubic feet per day, Iraq said on Wednesday.
July 12, 2012 11:36
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Saudi’s NCB posts 13 percent rise in second quarter net profit
Saudi Arabia's National Commercial Bank (NCB), the kingdom's biggest bank by assets, posted a 12.9 percent rise in its second-quarter net profit, the lender said on Wednesday.
July 12, 2012 11:26 -
Brent crude steady above $100 as fed holds off stimulus
Oil rallied more than 2 pct on Wed as N.Sea supply tightens; Fed holds off stimulus until economy worsens; Coming Up: U.S. weekly jobless claims
July 12, 2012 11:01 -
Saudi cranks up June oil output, Iran slumps
Saudi Arabia says it pumps 10.1 mln bpd in June; Output up 300,000 bpd from May to record high; Iranian output below 3 mln bpd - OPEC's secondary sources
July 11, 2012 4:39
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Iran keeps oil flowing to china despite freight dispute
Iran loads a third of China's scheduled crude loadings; NITC, Sinopec able to agree on freight terms for two ships; Sinopec seeks lower freight rates due to slowing demand
July 11, 2012 4:39 -
Summer demand buoys premiums for Middle East gulf products
Rising summer electricity, vehicle and jet fuel demand in the run-up to Ramadan have boosted fuel premiums in the Middle East Gulf and are likely to support prices throughout the holy month, traders said.
July 11, 2012 4:39 -
Oman may budget surplus widens, inflation at 27-month low
Budget surplus at 1.6 bln rials in Jan-May; Oil output up in May despite strikes; Inflation at 2.2 percent in May vs 3.0 pct in April
July 11, 2012 4:39
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Dubai’s Emaar properties eyes benchmark dollar sukuk
Initial profit talk for 7-yr sukuk at 6.75 pct; Pricing due early Thursday; Proceeds may fund newly launched projects - analysts
July 11, 2012 4:39 -
Airshow-BAE systems hopeful for UAE U-turn over Eurofighter
Positive on chances of clinching UAE Eurofighter deal; Hopes to close Oman Eurofighter deal by end of 2012; BAE competing with Lockheed for U.S. training contract; U.S. T-X contract for 350 jets, worth around $10 bln
July 11, 2012 12:36 -
Dubai’s Tamweel second quarter profit drops 33 percent
Quarterly profit drops for second straight quarter; Revenue falls, sales costs rise; Cash balance triples from 2011-end; Tamweel pulled asset-backed sukuk sale last week
July 11, 2012 12:26
