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  • OPEC-output-hits-new-high

    OPEC basket price down to $102.75 on Wednesday

    The reference basket comprises 12 crudes: Algeria's Saharan Blend, Angola's Girassol, Iran Heavy, Iraq's Basra Light, Kuwait Export, Es Sider from Libya, Nigeria's Bonny Light, Qatar Marine, Saudi Arabia's Arab Light, Murban from the UAE, Venezuela's Merey and Oriente from Ecuador.

    May 31, 2012 5:40
  • Egypt's EFG defends executives against graft charges

    Egypt’s EFG defends executives against graft charges

    The Qatar-based directors of Syria International Islamic Bank (SIIB) resigned their roles at the behest of the Gulf Arab state's central bank, to comply with U.S. Treasury sanctions against the lender.

    May 31, 2012 5:35

    Iran cancels $2 billion dam deal with china

    Iran has cancelled a $2 billion contract for a Chinese firm to help build a hydroelectric dam in the country, a move that risks upsetting Beijing, one of Tehran's most important economic and political allies.

    May 31, 2012 11:49