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.
Wednesday, June 13, 2012
Chinese refiner Sinopec has turned down offers of bargain Iranian crude and will cut imports by up to a fifth this year, a senior Chinese oil executive said, insisting ties with the United States are more important than cut-price oil as the West squeezes Tehran over its controversial nuclear program.
Iraqi Airways is looking to update its fleet of planes by renting modern aircraft from foreign firms, a transport ministry statement said Monday.
Monday, June 11, 2012
Dubai group Friendi plans to expand into six more countries within four years after the mobile virtual network operator agreed a strategic partnership with Richard Branson's Virgin Group, its chief executive told Reuters on Sunday.
Tuesday, June 5, 2012
Douglas Hsu, chairman of the Far Eastern Group (FEG), said yesterday the group's first-half profit may drop by 20 to 30 percent from its original estimates due to the continuing European debt crisis.