Tuesday, July 17, 2012
A Kuwait-led consortium has inked a preliminary deal with Iraq to search for oil in the country's oil-rich south as the nation seeks to develop its vast natural resources after decades of war, U.N. sanctions and neglect.
Tuesday, July 10, 2012
Bahrain's sovereign wealth fund says its annual loss grew to nearly US$718 million last year, hurt in part by difficulties at the tiny Gulf nation's airline.
Monday, July 9, 2012
As inflows of foreign direct investment (FDI) to South Asia have turned around with an increase of 23 percent, Pakistan has emerged as the third-largest country in the region with FDI inflows of US$1.3 billion in 2011, according to the World Investment Report 2012.
Thursday, July 5, 2012
Gas-rich Qatar's sovereign wealth fund plans to build luxury hotels in Malaysia, Paris, London and China named after Harrods, the world-famous department store, a report said Wednesday.
Thursday, June 28, 2012
Dubai's indebted shipbuilder Drydocks World says it is setting up a joint venture for its Asian operations with Singapore's Kuok Group.
Wednesday, June 27, 2012
Saudi Arabia is showing no sign of changing its policy of high oil output to support global economic growth, despite a fall in crude prices below US$90 a barrel for the first time in 18 months.
Thursday, June 21, 2012
Kuwait has granted Industrial and Commercial Bank of China (ICBC) an initial license to open a branch in the emirate, central bank Governor Saad al-Hashel said on Wednesday.
Moody's on Wednesday hiked Turkey's credit rating by one notch from “Ba2” to “Ba1” with a positive outlook on improved government finances and ability to withstand economic shocks.
Wednesday, June 20, 2012
The United States is planning a significant military presence of 13,500 troops in Kuwait to give it the flexibility to respond to sudden conflicts in the region as Iraq adjusts to the withdrawal of American combat forces and the world nervously eyes Iran, according to a congressional report.
Saturday, June 16, 2012
Iran's oil minister on Thursday shrugged off the tightening international squeeze on his country's oil exports, declaring that Tehran was not feeling the pinch and warning that an energy-hungry world could not do without Iranian oil and natural gas.