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  • saudi-riyal-sukuk

    Islamic development bank prices $800 million 5-year sukuk

    Sukuk size increased to $800 mln from $750 mln; Sukuk carries profit rate of 1.357 pct; Saudi-based IDB is rated AAA.

    June 19, 2012 5:28
  • UAE-economy-minister-cuts-2012-GDP-growth-outlook

    UAE feels no pressure to issue bonds

    The government of the United Arab Emirates will further discuss its plan to introduce a law allowing public debt issues at the federal level, and it feels no pressure to issue bonds despite a budget deficit, Obaid Humaid al-Tayer, Minister of State for Financial Affairs, said on Tuesday.

    June 19, 2012 5:26
  • India BPCL

    India’s BPCL starts rupee payments for Iran oil

    Indian state-run refiner makes its first rupee payment for Iran oil; Payment, equivalent to $482.19 mln, in settlement of last year's imports; Other Indian refiners expected to follow suit this week or the next

    June 19, 2012 5:25
 
 
  • Nuke Iran

    Iran nuclear talks “intense” but no breakthrough

    Talks "intense and tough" at first of 2-day talks-EU; Six powers, Iran set out positions in 5-hour meeting; Israel threatens air strikes, new sanctions loom.

    June 19, 2012 10:53
  • Saudi Crown prince Salman

    Prince Salman named Saudi heir at time of turmoil

    Saudi Arabia's King Abdullah has appointed his defence minister, Prince Salman, as heir apparent, opting for stability and a continuation of cautious reforms at a time of challenges for the world's biggest oil exporter.

    June 19, 2012 10:30
  • HSBC

    Fitch cuts HSBC bank Middle East VR rating

    Fitch has cut HSBC Bank Middle East's viability rating (VR) one notch because of asset quality concerns, while keeping its long-term default rating at 'AA-', one notch below the main HSBC group.

    June 19, 2012 10:18
 
  • petrofac

    Iraq picks Petrofac for $95 million contract

    Iraq has picked British oil services firm Petrofac for a $95 million contract to carry out maintenance work for its new offshore terminals and sub-sea pipelines at the Gulf, an Iraqi oil official said on Monday.

    June 18, 2012 6:12
 
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