Iraq delays gas bidding round to Oct 1
ISTANBUL: Iraq has pushed back by a month the date of an auction for international firms that want to develop three of its gas fields, company executives said on Sunday.…
Emirates Steel gets $2.2 bln loans for expansion
DUBAI: Abu Dhabi's Emirates Steel Industries (ESI) obtained loans worth $1.7 billion from banks and a $500 million loan from General Holding Corp (GHC) to finance its expansion, a company…
Firms to bid for work at Saudi offshore gas fields
KHOBAR: State oil firm Saudi Aramco has invited contractors to bid for offshore work at its non-associated gas fields feeding Wasit, the biggest gas plant built in the kingdom, industry…
Jordan Phosphate Mines H1 profits down 48 pct
AMMAN: Jordan Phosphate Mines Co (JMPC), one of the world's largest phosphate suppliers, posted a 48.5 percent drop in first-half net profit to 34.6 million dinars ($48 million), the firm…
Abu Dhabi SWF joins M.Stanley in UK rail bid-paper
DUBAI: The Abu Dhabi Investment Authority (ADIA) has agreed to join Morgan Stanley and private equity group 3i in a bid for the high-speed railway linking London with the Channel…
Iran resumes gas exports to Turkey – gas official
TEHRAN: Iranian natural gas began flowing to Turkey again on Saturday after a damaged pipeline linking the two countries was repaired, the Iranian oil ministry news website SHANA reported. "Officially…
Jordan’s Arab Bank H1 profits down 11.7 pct
AMMAN: Jordan's Arab Bank Group, the country's largest lender, saw its first-half net profits fall 11.7 percent to $303.261 million compared to the same period last year, a statement released…
Ayman Nour to launch anti-Gamal Mubarak campaign
CAIRO: Al-Ghad opposition party will officially launch late on Sunday a campaign to counter another initiated earlier last week by “The Popular Coalition to Support Gamal Mubarak” for the presidency…
Pakistan flood toll tops 1,000 as cholera emerges
PESHAWAR: The death toll from Pakistan's worst floods in living memory topped 1,000 Sunday as outbreaks of waterborne disease emerged and penniless survivors sought refuge from the raging torrents. More…
Rights group urges Syria to free last of 12 reform seekers
DAMASCUS: A Syrian human rights group on Sunday urged the authorities to free from jail an opposition writer who is still in jail nearly two months after completing his sentence.…
