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  • UAE's Hormuz bypass

    Saudi readies oil line to counter Iran Hormuz threat

    Saudi converts old Iraq pipeline to carry crude to Red Sea; IPSA gives Riyadh capacity to move extra 1.65 mbpd west; Iran nuclear stand-off could see Tehran try to block Gulf

    June 28, 2012 4:52
  • UAE-economy-minister-cuts-2012-GDP-growth-outlook

    UAE, Qatar extend drop as euro zone woes weigh

    UAE and Qatar markets end lower as investors cut risk, tracking declines on European bourses after divisions among European leaders dashed any hopes of concrete measures to tackle the region's debt crisis.

    June 28, 2012 4:52
  • Emirates-Islamic-Bond

    Emirates $587.5 million aircraft lease deal price talk issued

    Doric Nimrod Air Finance Alpha, the aircraft leasing firm planning to issue bonds to help finance the sale of four Airbus A380 planes for Emirates airline , released initial price thoughts for the deal on Thursday.

    June 28, 2012 4:51
  • South Korea to halt Iran oil exports

    Iran’s top Asian oil buyers cut imports 18 percent

    Daily imports fall 18 percent to 257,718 bpd; U.S. sanctions start on Thursday; EU ban starts on Sunday, proving effective

    June 28, 2012 4:49
  • Oman represents Iran's UK interests

    Oman represents Iran’s UK interests

    Oman has begun looking after Iranian affairs in Britain, a foreign ministry official said on Thursday, as part of what Tehran said was a diplomatic deal following the closure of both countries' embassies last year.

    June 28, 2012 4:48
  • DME Oman

    Dubai sets September crude price at parity to DME Oman

    Dubai has set its official differential to Oman futures for September at parity, down from a premium of 10 cents a barrel from the previous month, the Dubai Department of Petroleum Affairs said on Thursday.

    June 28, 2012 4:46
  • Obama and UAE Prince

    Obama, UAE Prince talk Iran, Syria, oil-white house

    They agreed there was an urgent need to stop the bloodshed in Syria and for political transition there, and also said Iran should meet its international obligations related to its nuclear program, according to a statement issued after their meeting.

    June 28, 2012 11:45