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Dana Gas seeks consensual deal on sukuk

DUBAI: Dana Gas Co said it wanted to find a consensual deal to repay the remainder of a $1 billion Islamic bond maturing in October, and confirmed it had hired advisers to weigh up various... ... read more

Posted on Tuesday, May 15 2012

IMF sees zero to 1% growth for Sweden this year

STOCKHOLM: Sweden, one of Europe's best-performing economies, may barely register economic growth this year, the International Monetary Fund (IMF) said on Tuesday, with the Nordic country... ... read more

Posted on Tuesday, May 15 2012

Maple Energy to Start Selling Ethanol in Peru This Month, Port of Paita Complex Complete

SUGAR LAND--May 14, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Maple Energy plc (LSE:MPLE) (San Isidro, Lima, Peru) and subsidiary Maple Etanol SRL (Suliana, Piura) are... ... read more

Posted on Monday, May 14 2012

Saudi Arabia will not increase feedstock price

According to a report by Saudi-based Al Rajhi Capital, the Saudi government will not increase ethane prices in 2013, as it is keen to preserve the feedstock advantage for the local... ... read more

Posted on Monday, May 14 2012

Output data signal euro zone in recession

BRUSSELS: Output at factories in the euro zone unexpectedly fell in March, the latest in a series of disappointing numbers signaling that the bloc's recession may not be as mild as... ... read more

Posted on Monday, May 14 2012

Kingdom says $100 per barrel great price for oil

ADELAIDE: High oil prices are threatening the global economic recovery, the Executive Director of the International Energy Agency Maria van der Hoeven said yesterday.

Prices have... ... read more

Posted on Monday, May 14 2012

Australia says shale could double its gas resources

ADELAIDE: Australia, the world's fourth-largest exporter of liquefied natural gas (LNG), could have enough shale gas resources to double its gas resource base and expand its growing... ... read more

Posted on Monday, May 14 2012

UAE and EU trade increases by 6 per cent

DUBAI: Trade exchange between the UAE and the European Union countries grew by 6 per cent over the past 5 years from Dhs155.21 billion in 2007 to Dhs195.84 billion last year.

... ... read more

Posted on Monday, May 14 2012

Saudi Kayan Petchem resumes operations

Saudi Kayan Petrochemical Co, an affiliate of Saudi Basic Industries Co (Sabic), has said it has resumed operations at its plants last Thursday after a temporary halt of most of... ... read more

Posted on Sunday, May 13 2012

Dubai Investments net profit up 6.3%

DUBAI: Conglomerate Dubai Investments posted a 6.3-percent rise in quarterly net profit yesterday and said the company was reviewing opportunities to divest some of its businesses.

... ... read more

Posted on Sunday, May 13 2012