Wealth fund holds key to Qtel’s $2.2 billion Kuwaiti bid
Qtel offered 2.6 dinars/share for remaining Wataniya stake; Kuwait's sovereign fund has 23.5 pct stake in Wataniya; Fund yet to decide on its Wataniya stake
August 29, 2012 5:54-
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DP world’s H1 profit flat, cites global climate
Dubai's DP World, the world's third largest port operator, reported flat profits for the first half of this year, citing an uncertain global economic climate.
August 29, 2012 10:07 -
Gulf Air revenue up as passenger numbers rise
Bahrain's national carrier Gulf Air, struggling to recover from the effects of local political unrest, achieved a 6 percent rise in revenue in the six months through June on the back of an increase in passenger numbers.
August 29, 2012 10:05
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IEA: Iran outage, high price don’t justify oil release
IEA head says market has adjusted to lower Iran output; Says price alone does not justify oil release; Risks rift with U.S. over emergency release policy; U.S. does not wants rising oil price to offset Iran sanctions
August 28, 2012 6:42
