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  • Sultan Qaboos

    Oman sentences writer, poet, for defaming sultan

    Oman, a Western-allied, small oil exporter that flanks a major crude shipping route out of the Gulf, has detained more than 30 people in the past few weeks over protests that erupted after strikes at petroleum plants over pay and pension issues.

    July 10, 2012 11:02
  • Qatari Diar

    Qatari Diar to develop three mixed-use projects in Oman

    The company plans to finance and construct a mixed-use property at Ras Al Hadd in Oman's Sur district, including a five-star hotel and spa, residential villas, apartments, souks, a marina and villa plots, Diar said in a statement on Monday, without citing the projects' value.

    July 10, 2012 11:01
  • 200-saudi-stock-exchange

    Banque Saudi Fransi second quarter profit down 2 percent on operating costs

    The bank made second-quarter net profit of 757 million riyals ($201.9 million) in the three months to June 30, down from 773 million riyals in the same period a year earlier.

    July 10, 2012 10:56
  • ACWA power acquires plant in Bulgaria

    ACWA power acquires plant in Bulgaria

    Saudi water and power project developer Acwa Power has acquired a 42 percent stake in a solar photovoltaic power plant in Bulgaria, it said in a statement on Monday.

    July 10, 2012 10:46
  • Petrofac wins $500 million Saudi Aramco, Sumitomo deal

    Petrofac wins $500 million Saudi Aramco, Sumitomo deal

    Aramco and Sumitomo Chemical have taken longer than expected to pick contractors for project, expected to cost around $7 billion in total, but deals have started to trickle through.

    July 10, 2012 10:45
  • 200-pipeline

    NPCC-Technip JV wins $817 million Abu Dhabi deal

    The contract is for the first phase of Zakum Development Co's (Zadco) expansion at its offshore oil field whose production will rise 100,000 barrels per day (bpd) when completed, one of the sources told Reuters on Monday.

    July 10, 2012 10:44
  • 380-syria-sanctions

    Dutch, British discuss stepping up Syria sanctions

    The Dutch foreign minister said he and his British counterpart had discussed stepping up sanctions against Syria to hasten an end to 16 months of conflict in the country.

    July 10, 2012 10:42
  • saudi aramco

    Saudi Aramco to invest in new energy ventures

    Saudi Aramco has launched an investment arm to buy into companies that have developed technologies of strategic importance to Saudi Arabia and speed their deployment in the kingdom, the state-run energy group said.

    July 10, 2012 10:41
  • 200-bahrain-protest

    Bahrain court jails protest leader over tweets

    A prominent Bahraini protest leader, Nabeel Rajab, was sentenced to three months in prison over a tweet against the prime minister which the court said insulted Bahrainis, Rajab's lawyer and a colleague said.

    July 9, 2012 5:02
  • yakovlev_yak130

    Russia will not deliver fighter jets to Syria

    Russia will not deliver Yak-130 fighter planes to Syria while the situation there remains "unresolved", the country's service for military cooperation said on Monday, according to the RIA news agency.

    July 9, 2012 5:02