The International Monetary Fund (IMF) flagged higher oil prices as a rising threat to the global economy on Friday, urging policymakers to keep a close eye on western tensions with Iran, which is facing punitive measures against its crude supplies.
February 25, 2012 12:14
Belgium-based SWIFT, which provides banks with a system for moving funds around the world, bowed to international pressure on Friday and said it was ready to block Iranian banks from using its network to transfer money.
February 19, 2012 10:09
Abu Dhabi's Etihad is interested in holding talks with the Irish government over the sale of its 25 percent stake in Aer Lingus, the Middle East airline's Chief Executive James Hogan told the Irish Independent newspaper.
February 11, 2012 6:16
Cyprus will announce a second hydrocarbons licensing round for oil and gas offshore in mid-February, its energy minister said on Tuesday.
February 7, 2012 3:29