Saudi Arabia

Opec ponders when to cut output

ft.com     11 hrs ago   3 related          

For almost two years the Opec oil cartel has watched oil prices rise with a mixture of delight and foreboding. But as high prices have begun to chip away at demand, especially in developed economies, concern has spread...                    

Lucite receives two offers of $2bn prior to plant opening

ft.com     1 hr ago          

Lucite, the maker of acrylic products ranging from bus shelters to McDonald's golden arches, has received two $2bn (£1.1bn)-plus takeover approaches from Japan and Saudi Arabia seeking to pre-empt next month's opening...                    

'We need to take the Bible back from the bigots'

independent.co.uk     4 hrs ago          

It's not every day that journalists are presented with a "style guide" to interpret the most enduring international bestseller on the planet. But the Bible is no ordinary book, and these are not conventional times, as...                    

OPEC ministers tackle falling oil prices (AFP)

yahoo.com     1 hr ago   5 related          

VIENNA (AFP) - OPEC ministers headed for Vienna on Monday to wrestle with the issue of falling oil prices, with analysts expecting them to agree to trim output to help keep crude above 100 dollars a barrel. The question...                    

Gulf to produce additional 10 mn barrels a day

indiatimes.com     5 hrs ago   2 related          

DUBAI: A massive USD 300 billion investment is underway to boost oil production which could see the Gulf countries deliver an additional 10 million barrels of crude per day by 2015, more than half of which would come from...                    

UAE stocks crash led by real estate firms

gulfnews.com     7 hrs ago   2 related          

Dubai: The Dubai Financial Market plunged 4.64 per cent to close at 4,471.71 and the Abu Dhabi Securities Exchange slid 3.74 per cent to end at 4,149.57 on Sunday. Real estate stocks continue to be battered in both the...                    

Kuwait loses 3% as Gulf shares plunge amid investor concerns

gulfnews.com     7 hrs ago          

Dubai: Gulf shares fell, following global markets lower, led by real-estate companies, amid investor concern that the construction boom will slow. Zain, the Kuwait-based phone company, fell for the first time in three...                    

As Yar'Adua Returns, Access to President Restricted

allafrica.com     20 hrs ago   1 related          

ACCESS to President Umaru Yar'Adua seems to have been restricted after the nation's number one citizen returned to the country in the early hours of yesterday from a trip to Saudi Arabia which sparked off reports of ill...                    

Most GCC Family-Owned Firms Want To Go Public

zawya.com     21 hrs ago   1 related          

More than half of the big family-owned companies in the Gulf and the Middle East would like to convert to public joint stock companies by listing in the region's stock exchanges, Emirates Business has learnt. This, and...                    

Drill now, pay later

baltimoresun.com     23 hrs ago   4 related          

The drive to tap oil reserves in Alaska and offshore overlooks our long-term need for petroleum N o energy policy proposal has caused more acrimony or political gridlock preventing major progress toward energy security...                    

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