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  • 200-dubai-islamic-bank

    PE firm buys 6.6 percent of Jordan Dubai Islamic bank

    Jordan-based private equity firm Foursan Group has acquired a 6.6 percent stake in Jordan Dubai Islamic Bank, making it the bank's second largest stakeholder, Foursan said on Thursday.

    September 6, 2012 5:42
  • 380-oil-uae

    UAE oil output at 2.7 million barrels per day in August

    The United Arab Emirates produced 2.7 million barrels per day (bpd) of oil in August, down around 100,000 bpd from the previous month, an industry source familiar with the matter told Reuters on Thursday.

    September 6, 2012 5:41
  • Khalaf Al Habtoor

    UAE’s Al Habtoor looks at potential IPO in Dubai

    United Arab Emirates conglomerate Al Habtoor Group is considering an initial public offering in Dubai given strengthening local equity markets, the company said in a statement on Wednesday.

    September 6, 2012 11:04
  • 200-total-oil

    Aramco, Total start testing Jubail refinery

    Saudi Aramco and France's Total have started testing their new refinery at Jubail, three sources with knowledge of the project said, raising the prospect of full operation of the $14 billion facility ahead of a scheduled start-up in the third quarter of 2013.

    September 5, 2012 5:37
  • UAE's Emal

    Euro bank retreat raises costs for Abu Dhabi’s EMAL

    Emal bond invite to be sent to banks late-Sept – sources; Loan to pay 225-300 bps over 15.5-yr life; Margin more than double first phase, shows impact of Euro bank pull-back; All part of $4 bln funding package for smelter expansion

    September 5, 2012 5:36
  • UAE-ADNOC-Emarat pump stations

    UAE’s ADNOC raises August Murban crude price to $111.65 a barrel

    Abu Dhabi National Oil Co. has raised the August retroactive official selling price (OSP) for its key Murban crude by $9.90 from July to $111.65 a barrel, ADNOC said on Wednesday.

    September 5, 2012 5:36