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  • Eni-Snam

    Sovereign funds tell Eni interested in Snam stake

    Italian oil and gas major Eni has received expressions of interest from sovereign funds for a 22.5 percent stake in Snam that it must sell to exit investment in the gas grid operator, an Eni source said on Sunday.

    June 18, 2012 10:53
  • 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

    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's NITC

    Iran’s NITC shipping oil to Asia despite sanctions

    Iran's biggest tanker operator, NITC, continues to trade with Asian countries without difficulty despite Western sanctions on the Islamic Republic's oil trade, a senior NITC official said on Tuesday.

    June 13, 2012 10:04
  • EFG-QInvest tie-up

    EFG Hermes says QInvest deal is legally binding

    A tie-up between Egyptian investment bank EFG Hermes and Qatar'sQInvest, approved by EFG shareholders on June 2, is legally binding and can only be reversed through legal action, EFG said on Tuesday.

    June 12, 2012 5:46