Dubai stocks led a drop in the Persian Gulf, sinking to the lowest in three months, after oil slumped on concern that Europe’s debt crisis will worsen and on speculation Arabtec Holding Co. (ARTC) may de-list its shares. (read more…) – FINANCE
Dubai stocks led a drop in the Persian Gulf, set for the lowest close in three months, after oil slumped on concern that Europe’s debt crisis will worsen and as China’s industrial growth unexpectedly slowed in April. (read more…) – FINANCE
The owner and operator of a tanker that spilled oil in the bay has agreed to a settlement with San Francisco, Oakland and the California Department of Fish and Game. Photo Credit: Getty Images (read the story…) – BUSINESS
* Reuters has expanded its Asia Oil Swaps Forward Curvecoverage to include the East-West components * For more information: (For 12-month forward curve, click ) SINGAPORE, April 27 (Reuters) – Asia's gasoil … (read the story…) – BUSINESS
DUBAI, United Arab Emirates, April 26 (UPI) — Iran's Oil Ministry, already battling stringent economic sanctions aimed at throttling the country's oil exports, is now having to fight on another front: cyber attacks. (read the story…) – BUSINESS
Dubai’s benchmark index fell the most in three weeks, leading declines in Persian Gulf shares, as oil dropped and U.S. government data showed orders placed with factories for durable goods missed economists’ estimates. (read the story…) – BUSINESS
Oil traders are paying scant attention to assurances from Saudi Arabia that it can raise production enough to cap crude’s advance, after the commodity climbed to the highest level for any quarter since 2008. (read the story…) – BUSINESS
The non-oil private sector economy in the United Arab Emirates expanded modestly in March, data from a survey by Markit Economics and HSBC showed Tuesday. (read on here…)
Proven oil reserves in Saudi Arabia are the second largest claimed in the world, estimated to be 267 billion barrels (read on here…)
Dubai’s benchmark stock index led declines in the Persian Gulf as oil dropped and U.S. government data showed that orders placed with factories for durable goods rose less than economists estimated. (read the story…)
