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  • 200-mobily

    Saudi’s Mobily says second quarter net profit up 22 percent

    The firm, an affiliate of the United Arab Emirates' Etisalat , said it made a net profit of 1.421 billion riyals ($379 million) in the three months to June 30, up from 1.164 billion riyals in the year-earlier period.

    July 16, 2012 11:00
  • UAE's Hormuz bypass

    Iran renews Hormuz closure threats

    Iran renewed threats on Sunday to close the Strait of Hormuz unless sanctions against it were revoked, though it remains unclear how Tehran could shut down the vital oil shipping channel given the significant American military presence there.

    July 16, 2012 10:45
  • 200-barclays

    Libor scandal forces Barclays from UAE rate panel

    British bank Barclays plans to pull out of the rate-setting panel for interbank lending in the United Arab Emirates because of its involvement in the Libor scandal in Britain, industry sources told Reuters on Sunday.

    July 16, 2012 10:28
 
  • Brent-crude-price-rise-kipp

    Brent stays above $102 on China stimulus hopes

    Asia shares extend rally as China growth within expectations; Bernanke's semi-annual monetary policy report key this week; Brent to retrace to $101.26 –technicals; Coming Up: U.S. retail sales mm June

    July 16, 2012 10:26