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Egypt's Alcotexa sells 1,016 tonnes of cotton in past week

Egypt’s Alcotexa sells 1,309 tonnes cotton in past week

The sales comprised 292 tonnes of Giza 88 grade cotton, 12 tonnes of Giza 92 and 1,005 tonnes of Giza 86, the official said.

July 9, 2012 4:55
 
Saudi-Arabian-Airlines-Catering-company

Saudi Airline catering unit lists July 9 after $347 million IPO

The catering unit of Saudi Arabian Airlines raised 1.3 billion riyals ($346.7 million) from the share sale, which was sold to the public between June 18-24, following a bookbuilding period involving institutional investors.

July 5, 2012 6:07
 
BRENT CRUDE OIL

Turkey steeply cuts Iran crude imports -source

Lower imports from Ankara will add pressure on Tehran which is struggling to sell oil as the West expands sanctions to persuade Iran to abandon its nuclear programme.

June 5, 2012 5:24
 
Brent-crude-ends-lower-on-Spanish-credit-woes

Brent crude ends lower on Spanish credit woes

Brent July crude fell 43 cents, or 0.40 percent, to settle at $106.68 a barrel, having traded from $106.06 to $107.95.

May 30, 2012 1:21
 
Asia-Crude-Chinaoil

Asia Crude-Chinaoil offers June Basra Light in rare tender

Chinaoil, the trading arm of state-owned PetroChina, offered Basra Light for June loading in a rare tender, traders said on Tuesday.

May 29, 2012 6:17
 
Dubai-economy-GDP-rises

Dubai economy grows by 3.4 percent in 2011

Dubai saw its gross domestic product rise to 306.2 billion dirhams ($83.4 billion) last year from 296.1 billion in 2010.

May 29, 2012 12:38
 
http://www.dreamstime.com/-image6772757

TOP ALLIES: On the US-GCC business relationship

Separated by thousands of miles, countries in the Gulf region have been successful in strengthening trade relations with economic powerhouse, the United States, says Mas Meghji

May 22, 2012 2:27
 
http://www.dreamstime.com/-image20224602

Ukraine says Saudi Arabia to buy 4 million tonnes of barley

Saudi Arabia is likely to buy 4 million tonnes of Ukrainian barley in the 2012/13 season, Ukraine’s Farm Minister Mykola…

May 22, 2012 9:17
 
UAE Trade

Impact on UAE trade of Iran sanctions moderate-IMF

The recent tightening of international sanctions against Iran are expected to only have a “moderate” impact on the economic growth…

May 21, 2012 8:54
 
Shares in Egyptian Bank EFG Hermes Climb on Qatari Deal

Shares in Egyptian Bank EFG Hermes Climb on Qatari Deal

Shares in Egypt-based investment bank EFG Hermes rose on Monday following the announcement of an agreement with Qatar's QInvest to form a region-wide investment bank

May 7, 2012 3:27