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Indian Shipping Firms to Carry Iran Crude despite Reduced Insurance

Indian Shipping Firms to Carry Iran Crude despite Reduced Insurance

Indian shipping firms will continue to transport Iranian crude even if limited insurance coverage due to tightening Western sanctions leaves them financially exposed to a spill or accident, a top executive and industry sources said.

April 24, 2012 2:50
 
Aramex Q1 Net Profit Rises 22 Percent

Aramex Q1 Net Profit Rises 22 Percent

Aramex posted a 22 percent rise in first-quarter net profit on Tuesday, driven by higher revenue from the Gulf and contributions from its recent South African acquisition

April 24, 2012 9:12
 
Egypt to Offer 3 Billion Pounds in Reopened Bonds

Egypt to Offer 3 Billion Pounds in Reopened Bonds

Egypt's Ministry of Finance will offer 3 billion Egyptian pounds ($494.7 million) in reopened bonds at an auction on April 30, the central bank said on Monday.

April 23, 2012 4:23
 
First Gulf Bank Q1 Net Up 7 Percent

First Gulf Bank Q1 Net Up 7 Percent

The bank made a net profit of 935 million dirhams ($ 254.7 million) in the three months to March 31, up from 875.28 million dirhams in the prior-year period, FGB said in a statement on Monday

April 23, 2012 4:18