Turkey steeply cuts Iran crude imports -source
Lower imports from Ankara will add pressure on Tehran which is struggling to sell oil as the West expands sanctions to persuade Iran to abandon its nuclear programme.
June 5, 2012 5:24-
-
Kuwait’s global to get bond repayment delay approval – sources
Kuwait's Global Investment House is expected to receive approval on Thursday to delay the repayment of bonds worth 95 million dinars ($338.6 million) to November from June, two sources familiar with the matter said.
June 5, 2012 5:24 -
Abu Dhabi’s ambitious plan: Etihad eyeing at least 10 percent in Virgin Australia
Abu Dhabi's flagship carrier Etihad Airways plans to raise its stake in Virgin Australia Holdings to at least 10 percent, Etihad's top executive said, after stating it owns a near 4 percent stake in the Australian carrier on Tuesday.
June 5, 2012 5:24
-
UAE’s Etihad buys 4 percent stake in Virgin Australia
Stake bought through open market purchases; Virgin Australia shares gain 1.2 percent; Abu Dhabi carrier has been rapidly expanding overseas
June 5, 2012 11:45 -
UAE business activity at 11-month high in May
Growth in business activity in the United Arab Emirates' non-oil private sector edged up to an 11-month high in May, a purchasing managers' survey showed on Tuesday.
June 5, 2012 11:45 -
Asia naphtha-Saudi Aramco sells Ras Tanura spot
Saudi Aramco has sold around 55,000 tonnes of June naphtha at about $25 a tonne above Middle East quotes on a free-on-board (FOB) basis, down nearly 20-25 percent from a previous spot sale in reflection of slower demand, traders said on Tuesday.
June 5, 2012 11:33
-
UAE’s ADNOC keeps Asia crude supply steady in July
ADNOC has notified Asian buyers that it will supply its four main grades - Murban, Lower Zakum, Umm Shaif and Upper Zakum - at contractual volumes in July, the sources said.
June 5, 2012 11:28 -
Egypt bars brokerages from trading foreign stocks
Egypt's markets watchdog has told local financial institutions they can no longer trade foreign securities, saying it exposes investors to risks that Egyptian authorities are unable to monitor.
June 5, 2012 11:25 -
Slowing down? UAE 2012 growth expected to drop to 3 percent
Real GDP grew 4.2 percent in 2011, most since 2006; Oil prices seen floating between $80-100/barrel – Economy Minister; Economy more resilient, bank lending sluggish
June 5, 2012 11:13
-
Kuwaiti gets 10 years for Twitter blasphemy
Case has stirred sectarian tensions; Defence has opportunity to appeal; Kuwaiti given maximum sentence in high-profile case.
June 4, 2012 5:48 -
UAE economy minister says oil around $100 okay
"As long as it hovers around $100, it is the right price," he told a news conference. "My expectation is it will hover between $80-$100 depending on the situation - it could be more than that," the UAE's economy minister Sultan bin Saeed al-Mansouri said on Monday.
June 4, 2012 5:41 -
UAE says sanctions hurting trade with Iran
International financial sanctions against Iran are hurting its trade with the United Arab Emirates, the UAE's economy minister Sultan bin Saeed al-Mansouri said on Monday.
June 4, 2012 5:38
-
UAE economy minister cuts 2012 GDP growth outlook
The United Arab Emirates' economy minister cut his forecast for the country's gross domestic product growth this year, predicting expansion of around 3 percent, after a sharp fall in global oil prices over the last several weeks.
June 4, 2012 5:36 -
Qatar’s Gulf International signs $170 million loan to fund buy
GIS, which has interests in several sectors, including transport, insurance and oil services, said in April it was buying the unit for a provisional price of 353.1 million riyals ($97 million).
June 4, 2012 5:31 -
Dubai’s DIFC investment gets $1.04 billion loan to repay Islamic bond
DIFC Investments signs $1.04 billion loan to fund sukuk repayment; Dual-tranched loan priced at 380 bps over LIBOR; Timely sukuk repayment helps rebuild Dubai's investor image
June 4, 2012 11:06
