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  • Arab-monetary-fund-in-65-million-loan-to-Egypt

    Arab monetary fund in $65 million loan to Egypt

    The Arab Monetary Fund (AMF) said on Sunday it was arranging a $65 million credit facility for Egypt to help the country trade with other Arab states, as political instability threatens Cairo with a balance of payments crisis.

    June 18, 2012 10:41
  • OPEC-output-hits-new-high

    Saudi under OPEC pressure to prevent oil price collapse

    OPEC likely to renew 30 mln bpd output target; Extra Saudi oil has lifted actual supply to 31.6 mbpd; some fear price collapse if Saudi doesn't cut back

    June 13, 2012 5:48
  • DIFCI

    Dubai’s DIFC Investments repays $1.25 billion sukuk

    DIFC Investments, a unit of the company running Dubai's financial free zone, confirmed it repaid its $1.25 billion Islamic bond, or sukuk, the company said in a statement on Wednesday.

    June 13, 2012 5:32
 
 
 
  • Iran: ‘Flame’ Virus Fight Began with Oil Attack

    Some Flame code found in Stuxnet virus

    A leading computer security firm has linked some of the software code in the powerful Flame virus to the Stuxnet cyber weapon, which was widely believed to have been used by the United States and Israel to attack Iran's nuclear program.

    June 12, 2012 11:09
 
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