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  • 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
  • Japan's Iran crude imports dive in April

    Japan crude imports from Iran fall 26.1 percent y/y in April

    Japan's crude oil imports from Iran fell 26.1 percent in April from a year earlier to 0.90 million kilolitres (189,137 barrels per day), data from the Ministry of Economy, Trade and Industry (METI) showed on Thursday.

    May 31, 2012 11:47
  • Brent-crude-hovers-at-107

    Brent crude ends lower on euro zone, China worries

    Brent July crude fell $3.21, or 3 percent, to settle at $103.47 a barrel, the lowest settlement since the Dec. 16 close at $103.35. Brent fell to $102.97, its lowest intraday price since Dec. 19, after reaching $106.82.

    May 31, 2012 11:45