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The fields on sale are in the Lake Albert Rift Basin Exploration company Heritage Oil has agreed to sell its stakes in two Ugandan oil fields to Italy's Eni for $1.5bn (£903.2m). Heritage will sell its 50% share in the fields...
• The City has backed Lloyds Banking Group's proposal to swap existing bonds for new 'contingent convertibles' • £8.78bn of securities will be exchanged for CoCos • Scheme will give extra support to Lloyds' capital reserves...
More than 100,000 security personnel are being deployed during the Hajj The authorities in Saudi Arabia have warned people not to stage protests at the Hajj, as more than 2.5 million Muslims prepare for the pilgrimage. The...
A senior United States official on Sunday urged Iran to "engage" with the West over its nuclear program, after an Iranian military chief warned that an attack on its nuclear sites would be crushed and as Iran began war games...
TEHRAN, Nov. 23 (UPI) -- Iran's military staged war games that analysts said appear to be designed to test defenses of the country's nuclear facilities. Iran's nuclear program has been the center of international concern for...
BRASILIA, Brazil, Nov. 23 (UPI) -- Iranian President Mahmoud Ahmadinejad says Iran, Brazil and Venezuela can be part of a new world order. Ahmadinejad traveled to Brazil, part of a quest for economic opportunities ahead of...
Oil rises above $78 in European trade amid Iran war games, weaker dollar ahead By BARRY HATTON Associated Press Writer SINGAPORE November 23, 2009 (AP) The Associated Press Post a Comment Oil prices rose above $78 a barrel...
Police clashed with supporters of Iran's opposition leader Mir-Hossein Mousavi when they used a rally, marking the 30th anniversary of the 1979 storming of the U.S. Embassy, to focus on issues surrounding the June disputed...
Mecca, Asharq Al-Awsat — Saudi Arabia's interior minister Prince Naif bin Abdulaziz said yesterday that the kingdom hopes not to have to "resort to force" to maintain security for the hajj, in a reference
SINGAPORE (Reuters) - Gold rose more than 1 percent to a record high on Monday as concerns about accelerating inflation and weak economic growth prompted investors to seek relatively safer assets, while supply concerns boosted...
