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8/29/2015 7:04:02 AM Abraaj exists Condor Travel stake to Carlyle MENAFN
(MENAFN) Dubai-based Abraaj Group has announced the signing of an agreement to exit its stake in Condor Travel to The Carlyle Group.The exit, through Abraaj's Latin American Fund, marks the first ...
8/29/2015 6:58:37 AM Middle East business confidence continues to drop in Q2 MENAFN
(MENAFN) Business confidence in the Middle East continued to fall in the second quarter of 2015, but not as quickly as it had in the first three months of the year, according to a new survey.The ...
8/29/2015 6:47:27 AM PetroChina net profit down 62.7 percent in H1 MENAFN
(MENAFN) The net profits of PetroChina Co. Ltd., China's top oil and gas producer, fell 62.7 percent year on year to USD3.97 billion in the first half of the year, the company announced.Meanwhile, ...
8/29/2015 6:37:30 AM Total sells North Sea gas assets worth over $900m The Peninsula
(MENAFN - The Peninsula) French oil giant Total announced Thursday it had agreed to sell a North Sea gas terminal and two pipelines in a deal worth over $900 million in a move to help offset falling ...
8/29/2015 6:35:41 AM Payments glitch at HSBC leaves thousands without wages in UK The Peninsula
(MENAFN - The Peninsula) Thousands of Britons failed to receive their wages yesterday when a problem at Europe's biggest bank HSBC prevented some of its business customers from making payments. The ...
8/29/2015 6:35:17 AM Arabs brace for weak oil for rest of 2015 The Peninsula
(MENAFN - The Peninsula) A second oil price rout of 2015 has forced Arab Opec members to cut their price expectations for this year, showing they are prepared to tolerate cheaper crude for longer to ...
8/28/2015 1:06:34 PM French Total sells gas assets for USD905m MENAFN
(MENAFN) In a compulsory move to aid offset decreasing oil prices, French oil giant Total revealed that it had agreed to sell a North Sea gas terminal and two pipelines to Britain's North Sea ...
8/28/2015 12:28:04 PM Oman's fiscal deficit to expand at 12 percent of GDP MENAFN
(MENAFN) Oman's very high economic dependence on gas sector is going to add pressure to the public finance in 2015-16, although it has an ongoing solid economic growth.Meanwhile, the country's fiscal ...
8/28/2015 12:27:01 PM Saudi's foreign reserves shrink down 0.5 percent in July MENAFN
(MENAFN) The world's largest oil exporter has begun issuing domestic debt aiming at covering part of a budget deficit cause by low oil prices, and the result was that the speed of deterioration in ...
8/28/2015 10:50:08 AM China's CPI expects 1.9 percent gain in July MENAFN
(MENAFN) China's Consumer Price Index (CPI) is expected to increase 1.9 percent in the current month from last year, up marginally from the 1.6 percent posted in July, all contributing to inflation ...
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