Asia Fuel Oil-Kuwait sells 80,000T May; lower price
Normal 0 false false false MicrosoftInternetExplorer4 SINGAPORE: Kuwait Petroleum Corp (KPC) sold 80,000 tons of end-May loading cracked fuel oil into Singapore at lower price levels, at a time of…
Shareholders of Kuwait's Global approve capital hike
KUWAIT: Shareholders of Kuwait's Global Investment House approved a 76-percent capital hike worth around $346 million on Wednesday. This will raise the capital of Global, one of the Gulf Arab…
Qatar to up Ras Laffan naphtha export to 220,000T/mth
Normal 0 false false false MicrosoftInternetExplorer4 SINGAPORE: Qatar International Petroleum Marketing Co Ltd, or Tasweeq, will raise monthly exports of plant condensate, or light naphtha, from Ras Laffan by up…
Oil falls below $80 on Greece, rising stocks
LONDON: Oil fell $3 on Wednesday to below $80 a barrel for the first time since March, taking the week's losses to 7.5 percent as the Greek debt crisis shook…
Egypt's NSGB Q1 net profit rises 1 pct to $63 mln
CAIRO: National Societe Generale Bank (NSGB), Egypt's second biggest bank by market capital, said on Wednesday that first quarter net profit edged up 1 percent year on year, beating analyst…
Iran says ready to address 'rights abuse' charges
TEHRAN: Iran is willing to address accusations of rights violations and host UN human rights chief Navi Pillay and experts, a senior official was was quoted as saying on Wednesday.…
Osama bin Laden in Washington, not Tehran, says Ahmadinejad
WASHINGTON: Iran's President Mahmoud Ahmadinejad on Wednesday denied recent press reports that Osama bin Laden is in Tehran and insisted that the Al-Qaeda leader is, in fact, in the US…
Two dead in Riyadh floods
RIYADH: Two people died in the flooding caused by violent thunderstorms which paralyzed Riyadh this week, Saudi newspapers reported on Wednesday. Some 155 people had to be rescued as cars,…
Gaza report judge meets critics in South Africa
JOHANNESBURG: An internationally respected jurist who accused Israel of war crimes has discussed his findings with fellow South African Jews who criticized his UN report. In a statement Wednesday, the…
Report points to pilot error in Ethiopian jet crash, says source
Normal 0 false false false MicrosoftInternetExplorer4 BEIRUT: A preliminary report on the crash of an Ethiopian airliner in Lebanon in which all 90 people on board died earlier this year…