Register for our free newsletter

Latest News

  • 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
  • Saudi-Arabian-Airlines-Catering-company

    Saudi Airline catering unit IPO seeks $350 million

    The catering unit of Saudi Arabian Airlines is seeking to raise 1.3 billion riyals ($350 million) by floating 30 percent of its shares, the prospectus showed as the initial public offer opened to retail investors on Monday.

    June 18, 2012 6:08
  • U.S.-crude-ends-lower-as-Spain-rating-cut-pressures

    Saudi crude exports fell by 121,000 barrels per day in April

    Saudi crude exports fell to 7.583 million barrels a day (bpd) in April, down by 121,000 bpd from March, despite production rising to 10.102 million, according to the latest official data published by the Joint Data Initiative (JODI).

    June 18, 2012 11:45