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  • Tokio Marine affiliate soars in Saudi bourse debut

    Saudi Olayan Group issues $173 million sukuk

    Olayan Group, one of the largest conglomerates in Saudi Arabia, has concluded its maiden issue of an Islamic bond, or sukuk, two sources with knowledge of the matter said on Tuesday.

    June 27, 2012 9:58
  • kuwait-parliament

    Kuwaitis protest after elected parliament thrown out

    Thousands of Kuwaitis protested on Tuesday against a court ruling that effectively dissolved a parliament dominated by opposition Islamists and reinstated the previous, more government-friendly, assembly.

    June 27, 2012 9:57
  • Iran-oil-sanctions

    Falling oil prices put Iran over U.S. sanctions barrel

    U.S. President Barack Obama to enforce sanctions on countries that do oil deals with Iran's central bank -Washington is revving up efforts to tighten the squeeze on Tehran.

    June 27, 2012 9:56
  • Syria International Islamic Bank (SIIB)

    EU targets Syrian bank, toughens sanctions

    The 16th round of sanctions against Syria are part of EU efforts to pressure President Bashar al-Assad into ending his violent repression of a 15-month-old uprising against his rule.

    June 26, 2012 5:46
  • U.S.-crude-ends-lower-as-Spain-rating-cut-pressures

    Fujairah bunker premiums sink with crude prices

    Bunker fuel prices in the Fujairah market have fallen to their lowest in 16 months as falling crude oil prices weigh on bunker and cargo fuel oil premiums in the region.

    June 26, 2012 5:45
  • deodourised condensate

    Qatar sells August condensate at record low

    Qatar International Petroleum Marketing Co, or Tasweeq, has sold two grades of condensate for August loading, possibly at record lows, after naphtha cracks slumped, traders said on Friday.

    June 24, 2012 10:26
  • Japan's Iran crude imports dive in April

    Japan’s Mitsubishi renews Iran oil imports deal

    Japanese trading house Mitsubishi Corp has renewed its annual oil purchase deal with Iran but cut the loading volume to comply with U.S. sanctions against the Islamic nation, trade sources said on Friday.

    June 24, 2012 10:26