OPEC rivalries bring difficult struggle
"It is not going to be easy," said an OPEC source, referring to whether the panel will be able to recommend a candidate. "For a secretary general to be appointed, all 12 have to agree."
October 22, 2012 3:26-
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DP World sales stake in Russian firm
The transaction is expected to close later this week, DP World said in a statement to Nasdaq Dubai.
October 22, 2012 10:40 -
Exxon seeks to quit Iraq oil project
Exxon is telling Baghdad that they are looking to leave, shopping around and looking at all the options
October 20, 2012 7:53
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HSBC pulls back from Islamic banking
Through its HSBC Amanah arm, headquartered in the UAE, HSBC was a pioneer in the industry and it operated the largest Islamic business of any Western bank.
October 18, 2012 4:07 -
Air Berlin steps up cost-cutting drive
Germany's second-biggest airline after Lufthansa also said a German air travel tax and persistently high fuel prices created additional headwinds.
October 18, 2012 4:00 -
Dubai fueled by cheap Iranian oil – US pressure
U.S. officials are encouraging Dubai to find another source of supply. ENOC was asked to stop importing but it is still going on...
October 18, 2012 3:57
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ADNOC to offer cleaner Diesel for 2013
While ADNOC is only able to meet the summer specifications of diesel in Europe now, it aims to meet winter specifications by the middle of next year, a source close to the matter said.
October 17, 2012 3:03 -
Kaspersky plans software to secure nuclear plants
Some 30,000 computers at state oil producer Saudi Aramco were infected in August, although there is no evidence that the virus got into its industrial control systems.
October 17, 2012 9:48 -
We have no intention of joining Skyteam – Etihad
Etihad has been on an aggressive expansion drive and has taken minority stakes in Aer Lingus, Air Berlin and Virgin Australia.
October 16, 2012 1:56
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China criticises new EU sanctions on Iran
China is Iran's largest crude oil customer and, along with Russia, has resisted putting sanctions on Tehran.
October 16, 2012 1:52 -
Etisalat will not exit foreign markets – CEO
Etisalat, the Gulf’s No.2 telecommunications operator, will not completely sell out of any of its foreign markets, the company’s chief…
October 14, 2012 3:31 -
AC Milan denies plans to sell to Qatar
One of the club's directors said on Thursday Berlusconi remained committed to his soccer team, playing down speculation that he was ready to sell up.
October 13, 2012 8:49
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EU wins Nobel Peace Prize
While welcomed by European leaders, the award will have little practical effect on the debt crisis afflicting the single currency zone.
October 13, 2012 8:47 -
We need Emirates and no alternative – Qantas CEO
The Australian airline has decided to pair up with Emirates Airline to recover from international losses after a 17 year relationship with British Airways ended
October 9, 2012 8:45 -
Kingdom Holding raising millions from loan
Kingdom, which has minority stakes in some of the world's top companies including Citigroup Inc, had initially planned a bond issue, but decided to go for the loan instead.
October 7, 2012 3:18
