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    Egypt’s Mubarak unconscious, on respirator

    Egypt's ousted President Hosni Mubarak, jailed for life this month and who has been hospitalised for more than a year, is unconscious and on a respirator but is not clinically dead, two security sources told Reuters on Tuesday.

    June 20, 2012 11:52
  • UAE-central-bank

    Banker urges UAE Central bank to cut reserve requirements

    A top commercial banker in the United Arab Emirates has urged the central bank to cut some of its reserve requirements sharply in order to spur corporate lending.

    June 20, 2012 11:35
  • Dubai's Tamweel picks banks for roadshows; sukuk may follow

    Dubai’s Tamweel eyes $235 million mortgage-backed sukuk

    Tamweel, a unit of Dubai Islamic Bank, has not disclosed a target size for the proposed sale. It kicked off investor meetings on Tuesday in Abu Dhabi and roadshows are due to end on June 25.

    June 20, 2012 10:20
  • 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
  • Fujairah fuel storage

    Iran to add 1.1 billion litres oil production storage by 2013

    Iran plans to increase its oil products storage capacity by 1.1 billion litres (6.9 million barrels) by next March, oil ministry news service Shana said on Tuesday.

    June 19, 2012 5:23
  • Zain Sudan

    Dollar shortage, tax hikes hurt Sudan Telcos

    Higher taxes and mounting competition are also posing challenges for the African country's three major telecoms players as they battle to tap the potential of a relatively underpenetrated market.

    June 19, 2012 5:20