Mena News

 

  US Ex-Im bank backs USD2bn loan for UAE nuclear plant
Sep , 09 , 2012  
  The U.S. Export-Import Bank said on Friday it authorized a USD2bn direct loan to Barakah One Co of the United Arab Emirates to purchase U.S. equipment and construction services to build one of the world's largest nuclear power plants. The credit line is expected to support approximately 5,000 jobs across 17 U.S. states and has the support of the White House's National Security Council as well as the departments of State and Energy.
 

Read More

  Saudi Aramco, Total Refinery on schedule
Sep , 09 , 2012  
  A USD14bn refinery being built in the east of Saudi Arabia by a joint venture between Saudi Arabian Oil Co. and France's Total is expected to start operations as planned next year. Satorp has previously said the refinery operations will be steady by mid-fourth quarter 2013, while Saudi Aramco’s 2011 annual review said the inaugural crude oil intake is scheduled for December 2012, and the refinery will be fully operational by the third quarter of next year.
 

Read More

  Brent holds near USD114 on caution ahead of ECB meeting
Sep , 05 , 2012  
  Brent crude hovered in a tight range near USD114 a barrel on early Wednesday on caution ahead of a keenly awaited European Central Bank meeting, while global growth concerns deterred buyers. A slew of U.S. disappointing data drove down Brent by more than 1 percent in the previous session, while prices were further pressured as investors began to scale down expectations of radical action from ECB Chairman Mario Draghi to rein in the debt crisis in Europe at Thursday’s meeting.
 

Read More

  BP to invest USD11bn in natural gas project in Egypt
Sep , 05 , 2012  
  BP Plc will invest USD11 billion in a project to produce natural gas from a deep-water deposit in Egypt's Mediterranean basin, the country's State Information Service, or SIS, reported. BP is currently digging at a depth of 7,700 meters in the Mediterranean Sea to extract 1bn square feet of natural gas per day, or about 20% of the north African country's energy output. The project is expected to completed in four to five years and Egypt, which has Africa's third-largest gas reserves, will get the extracted natural gas for 40% of its prices, he said.
 

Read More

  Swiss GDP fell 0.1 percent in second quarter
Sep , 05 , 2012  
  A government report today showed that GDP fell 0.1 percent from the first quarter, when it rose 0.5 percent, less than the 0.7 percent previously reported. That’s the first drop since the third quarter of 2011, when the Swiss National Bank imposed a franc ceiling to help protect the economy.
 

Read More

  Home sales double in Beijing on rate cuts
Sep , 05 , 2012  
  Beijing home sales in August surged 110 percent from a year earlier driven by first-home buyers after the central bank cut interest rates and signs of a price rebound damped expectations for cheaper housing. A total 28,753 new and existing homes were sold in the Chinese capital in a “traditionally weak month,” 1.2 percent lower than an 18-month high recorded in July.
 

Read More

  U.K. construction shrinks amid plunge in orders
Sep , 05 , 2012  
  The U.K. construction industry unexpectedly shrank in August as new orders dropped at the fastest pace since April 2009, Markit Economics said. An index based on a survey of purchasing managers fell to 49 from 50.9 in July, Markit and the Chartered Institute of Purchasing and Supply said in a statement on Markit’s website today. The median estimate in a Bloomberg News survey of 12 economists was for a reading of 50, the dividing line between growth and contraction.
 

Read More

  Qatar's Ahli Bank announces USD123mn capital hike
Sep , 05 , 2012  
  Ahli Bank, Qatar's seventh-largest listed lender by market value, plans to raise its capital by 20 percent through a rights issue starting later this month. This will raise about QAR448.5mn (USD123.2mn), according to Reuters calculations, based on 14.95mn shares being sold in the offering at QAR30 per share. The capital increase is priced at a big discount to the current share price, with the stock ending at 62.5 riyals in Tuesday trade, up 4.5 percent. Existing shareholders can buy one new share for every five they hold, the statement said.
 

Read More

  Nine to bid for Oman USD155mn rail design project
Sep , 05 , 2012  
  Nine international companies or groups plan to bid for a contract that could be worth as much as OMR60mn (USD155mn) to design and consult on the construction of Oman’s first major railway, a tender board official said. The companies have been asked to submit new bids to give the process more time. The new deadline is on Oct. 5, for what we expect will be a contract worth between OMR45-60mn.
 

Read More

  Dubai's Limitless to sign USD1.2bn debt deal in Sept
Sep , 05 , 2012  
  Limitless, the indebted property arm of Dubai World, is aiming to conclude its USD1.2bn debt deal with creditors by the end of September, the company said. The state-owned firm, which was hard hit by the global financial crisis, has rolled over the Islamic debt facility, owed to a syndicate of banks, several times. The loan was originally due to mature in March 2010.
 

Read More

[First Page] [Prev] 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 [Next] [Last Page]

  
New Page 1
Privacy Statement

Copyright © 2012 LOTUS All Rights Reserved
Developed By Superlink