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  • Arab-monetary-fund-in-65-million-loan-to-Egypt

    Arab monetary fund in $65 million loan to Egypt

    The Arab Monetary Fund (AMF) said on Sunday it was arranging a $65 million credit facility for Egypt to help the country trade with other Arab states, as political instability threatens Cairo with a balance of payments crisis.

    June 18, 2012 10:41
  • commodities

    Egypt’s GASC says has 6-month wheat supply

    Egypt's state wheat buyer said on Wednesday it had purchased six months' supply from local and international sources and was looking to issue a new international wheat tender for delivery in the start of August.

    June 13, 2012 5:56
  • Abu-Dhabi

    Abu Dhabi’s IPIC 2011 net profit slumps to $44.7 million

    Abu Dhabi's International Petroleum Investment Company (IPIC) reported a net profit of $44.7 million on Wednesday, down from $1.3 billion in the prior-year period, as market volatility and currency exchange risks weighed on profitability.

    June 13, 2012 5:48
 
 
  • Iran's NITC

    Iran’s NITC shipping oil to Asia despite sanctions

    Iran's biggest tanker operator, NITC, continues to trade with Asian countries without difficulty despite Western sanctions on the Islamic Republic's oil trade, a senior NITC official said on Tuesday.

    June 13, 2012 10:04
 
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