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  • 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
  • CNPC says Iraq's Halfaya oilfield in operation

    CNPC says Iraq’s Halfaya oilfield in operation

    State-owned China National Petroleum Corp said the first phase of Iraq's Halfaya oilfield had started operating and had a production capacity of 100,000 barrels per day.

    June 18, 2012 11:25
  • 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
 
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