Asia Crude-Qatar sells term al Rayyan to Japan
TOKYO: State-owned Qatar Petroleum (QP) has sold six cargoes of its heavy al Rayyan crude to a Japanese trading house, with 600,000 barrels to be shipped every two months from…
Total wins Putin support for Qatar in Russian LNG
PARIS: Oil major Total on Friday won Moscow's support to bring Qatar into gas projects on Russia's Yamal while pledging to tolerate no more delays with the launch of the…
EMEA lending flat in May on euro zone volatility
LONDON: Lending volume in Europe, the Middle East and Africa (EMEA) in May was near-flat month-on-month at $58.0 billion as euro zone volatility deterred companies from taking new loans, Thomson…
Egyptian yields rise on euro zone, domestic concerns
CAIRO: Egyptian Treasury bill yields have jumped since May and may rise further as foreign investors have become more risk averse due to fears the euro zone debt crisis could…
Oil falls towards $75 on China growth doubts
LONDON: Oil prices fell to near $75 a barrel on Friday after gaining about 5 percent this week as investors weighed prospects that the European debt crisis could slow fuel…
Kuwait sells term naphtha lower
SINGAPORE: Kuwait Petroleum Corp sold full-range naphtha for August 2010 to July 2011 loading to Asian buyers at a lower premium, traders said on Friday, as weak petrochemical margins and…
Bahrain's Arcapita Q3 loss widens on income slump
MANAMA: Bahrain's Islamic investment house Arcapita posted on Friday a more than doubling of its third quarter losses on a slump in income and foreign exchange losses. The investment firm…
An 11th-hour opportunity
RAMALLAH: Negotiations between Palestinians and Israelis have resumed after a year and a half of a stalemate that began after Israel launched its devastating military assault against the Gaza Strip…
The future of Europe
CAMBRIDGE: In the first half of the last century, Europe tore itself apart in two wars and destroyed its central role in world politics. In the second half of the…
Lebanon's rapid growth at risk without reforms
BEIRUT: Lebanon's economy has surged despite global recession, but with one of the world's highest levels of public debt, growth may not be sustainable without reforms to cut its deficit…