Japan offers more crude from govt stocks in Okinawa
Japan has offered to sell more crude oil from its national reserves in Okinawa, the trade ministry said, as it looks to make room for top exporter Saudi Arabia to…
Dubai's Depa sees 2010 profit in line with 2009
DUBAI: Dubai-based interiors contractor Depa Ltd said on Thursday it is "cautiously optimistic" about 2010 and expects profit and revenues for the year to be in line with 2009. Depa,…
Bahrain annual inflation rises to 2.7 pct in April
manama: Bahrain annual inflation rose to 2.7 percent year-on-year in April from 1.8 percent in March, data showed on Thursday. The consumer price index of the Gulf kingdom stood at…
Investment Corp. of Dubai CFO Hegarty to step down
DUBAI: The chief financial officer of Investment Corporation of Dubai (ICD), the investment arm of the Gulf Arab emirate, will step down after two years in the post, in the…
Shell, others trim exposure to Iran crude
LONDON/DUBAI: Royal Dutch Shell and other oil companies are taking less Iranian crude because of poor economics and the difficulty of making financial transactions with Tehran, industry sources said on…
Asia Crude-Qatar sells July condensate
SINGAPORE: Qatar sold via tender up to five cargoes of Deodorized Field Condensate (DFC) for loading in July at stronger differentials on firm naphtha cracks, traders said on Friday. Qatar…
Oil pares losses, above $70; euro zone woes linger
SINGAPORE: US oil prices pared sharp losses to trade above $70 on Friday, soothed by a recovery in regional equity markets, but fears about Europe's debt crisis kept the market…
Salva Kiir sworn in as south Sudan leader
KHARTOUM: The president of the autonomous region of south Sudan was sworn in on Friday, after being declared winner last month in the country's first competitive elections in more than…
Darfur rebels say 200 killed
KHARTOUM: Darfur's most militarized rebel group said on Friday it had killed 200 Sudanese government troops in the western region, but the army denied the toll in the latest fighting…
Ten years on, Israel wrestles with Lebanon pullout
JERUSALEM: Ten years after withdrawing all its troops from south Lebanon, Israel is still wrestling with the results of the unilateral move which cost the Jewish state dearly in terms…