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  • OPEC-output-hits-new-high

    OPEC output hits new high in May-Reuters survey

    Saudi Arabia keeps output high despite price drop; No further drop observed in Iranian exports; OPEC output almost 2 million bpd above official target

    May 30, 2012 12:44
  • BP-resuming-operations-in-Libya-NOC

    BP resuming operations in Libya – NOC

    BP will return to Libya to resume oil and gas exploration work, which it halted last year due to the uprising against Muammar Gaddafi's rule, Libya's state oil company NOC said.

    May 30, 2012 12:39
  • Qatar to boost spending by 27 percent

    Qatar plans to boost spending by 27 percent in 2012/13

    Expenditures projected at 178 billion riyals, surplus 28 billion; Government sees surplus of 8 percent/GDP vs. 6.7 percent in 2011/12 – QNA; Spending on public wages jumps 48 percent, projects up 7 percent

    May 30, 2012 12:37
  • Almarai

    Saudi Almarai in $4.2 billion, 5-year investment plan

    Saudi Arabian dairy and food producer Almarai Co's board has approved a 15.7-billion riyal ($4.2 billion), five-year investment plan that will draw on finance from bank loans and Islamic bonds, it said on Tuesday.

    May 29, 2012 6:12
  • Emirates-Airline-undecided-on-550-million

    Emirates Airline undecided on $550 million June bond

    Emirates, the fast expanding Gulf airline, may seek to refinance a $550 million Islamic bond maturing in June but has not ruled out repayment in cash, a senior executive said on Tuesday.

    May 29, 2012 6:03
  • Qatar-plans-to-spend-49-billion-in-2012-13

    Qatar plans to spend $49 billion in 2012/13 – QNA

    Qatar set its budget with expenditures of 178 billion riyals ($49 billion) for the new fiscal year of 2012/13 and revenue of 206 billion riyals, the state news agency QNA reported.

    May 29, 2012 6:01