Iran government denies plans to treble gasoline price The Star | DUBAI (Reuters) - Iran's government denied on Monday it would treble the price of gasoline as part of subsidy reforms that have been commended by the IMF but caused anger at home among a population struggling under Western trade sanctions. | In a statement carried by the Fars news agency, the offi...
Qatar To Pump $250M Into Barclays Resources Fund The Street | DUBAI, United Arab Emirates (AP) — A government-backed Qatari firm laid out plans Monday to invest $250 million in a Barclays PLC natural resource investment business, deepening the Gulf nation's bet on raw materials. | The Qatar Asset Management...
Qatar ramps up Xstrata stake News24 | Dubai - Qatar’s sovereign wealth fund has increased its stake in Xstrata to just over 5%, potentially making it easier for commodities trader Glencore to buy the Anglo-Swiss miner. | The tiny Gulf Arab state, a keen commodities investor, is now X...
India's Iranian dilemma Gulf News | India’s tight-rope walk as it tries to strike a balance between its long-term strategic partnership with the United States and its oil dependency on Iran, is being criticised for breaking international sanctions and not doing enough to pressu...
Taqa profits jump 2.5 times to Dh534 million Gulf News | Abu Dhabi: Abu Dhabi National Energy Company PJSC (Taqa) reported a 251 per cent jump in net profits (after minority interests) to Dh534 million during the first quarter of 2012, up from Dh152 million reported for the corresponding period last year...
CME's boost may add steam to Dubai futures Gulf News | Dubai: Trading on a small Dubai futures market backed by CME Group could pick up more steam after the Chicago-based exchange operator boosted its stake in the platform early this year, according to CME's new chief executive. | Potential customers h...
Statoil Looks Offshore in New Tack for Concession Rig Zone | Statoil, the Norwegian oil and gas operator, is shifting from its campaign to secure onshore rights in Abu Dhabi to an offshore bid. | A trove of onshore oilfields accounting for 1.4 million barrels per day (bpd) - half of Abu Dhabi's output - is d...
Air Seychelles restores link to Paris via Abu Dhabi Nation | Air Seychelles has launched codeshare flights to Paris via Etihad Airways, subject to regulatory approvals. | The codeshare agreement between the partner airlines, which commenced in January, has been expanded to include seamless travel over Abu Dhabi to Paris for Air Seychelles passengers. | This took effect on May 1. | The Air Seychelles (HM)-m...
Air Seychelles restores link to Paris via Abu Dhabi Nation | Air Seychelles has launched codeshare flights to Paris via Etihad Airways, subject to regulatory approvals. | The codeshare agreement between the partner airlines, which commenced in January, has been expanded to include seamless travel over Abu Dhabi to Paris for Air Seychelles passengers. | This took effect on May 1. | The Air Seychelles (HM)-m...
