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  • 200-dubai-drydocks

    Tycoon nears deal for Drydocks’ S.Asia OPS

    A company linked to Malaysian billionaire Robert Kuok is close to a deal to buy a majority stake in the Southeast Asia operation of Dubai shipbuilder Drydocks World, two sources said on Tuesday.

    June 27, 2012 9:59
  • Tokio Marine affiliate soars in Saudi bourse debut

    Saudi Olayan Group issues $173 million sukuk

    Olayan Group, one of the largest conglomerates in Saudi Arabia, has concluded its maiden issue of an Islamic bond, or sukuk, two sources with knowledge of the matter said on Tuesday.

    June 27, 2012 9:58
  • kuwait-parliament

    Kuwaitis protest after elected parliament thrown out

    Thousands of Kuwaitis protested on Tuesday against a court ruling that effectively dissolved a parliament dominated by opposition Islamists and reinstated the previous, more government-friendly, assembly.

    June 27, 2012 9:57
 
 
 
  • Saudi Arabia keeps oil tap on

    Saudi Arabia keeps oil tap on for world growth, Russia hurts

    Saudi Arabia is showing no sign of changing its policy of high oil output to support global economic growth, despite a fall in crude prices below $90 a barrel for the first time in 18 months.

    June 26, 2012 11:11
  • South Korea to halt Iran oil exports

    S. Korea to halt Iran oil imports as EU ban bites

    South Korea became the first major Asian consumer of Iranian crude to announce a halt to imports after the government said they would be suspended from July 1 due to a European Union ban on insuring tankers carrying Iranian oil.

    June 26, 2012 11:00
  • EU Summit 2012

    CAUTIOUS: Gulf investors careful ahead of EU summit

    Gulf investors are taking cues from Europe amid thin local news and negative sentiment may spill over to regional markets as hopes fade of a debt-crisis resolution from an EU summit later this week.

    June 26, 2012 10:39
 
 
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