Saturday, July 20, 2024

Bahrain raises debt ceiling to 15 bln dinars to finance public spending

DUBAI (Reuters) - Bahrain's government has raised its debt ceiling to 15 billion dinars ($39.79 billion) from 13 billion dinars to help finance public...

Saudi to boost aid and investment in Egypt

Saudi Arabia has pledged a total of eight billion dollars in investment and aid to Egypt over the next five years, as Riyadh looks...

Oil squeeze spreads from Gulf states to banks

Low oil prices are forcing Gulf states to borrow to prop up their economies and are now taking their toll on the region's banks...

Oil prices dip after latest surge

Oil prices dipped in Asia Wednesday after the previous day's rally as Canadian oil companies prepare to restart production after being closed by huge...

UAE Etisalat sees 8% profit drop in Q1

UAE telecom giant Etisalat said Tuesday that its net profit dropped by eight percent to two billion dirhams ($545 million) in the first quarter...

Lebanon's central bank says political deadlock hurting economy

It is essential that Lebanon's parliament meets soon to pass laws for development loans, debt issuance and banks, the central bank governor said on...

Qatar fund sells 10% stake in Hochtief for 540M euros

Qatar's sovereign wealth fund says it has sold off its roughly 10 percent stake in German construction firm Hochtief for about 540 million euros...

Iran issues order to boost oil production by 500,000 bpd

Iran has issued an order to increase crude oil production by 500,000 barrels a day, the deputy oil minister was quoted as saying on...

Nigerians sue Shell in UK court for oil spills contamination

Tens of thousands of Nigerian fishermen and farmers are suing multinational oil giant Shell in two new lawsuits filed Wednesday in a British High...

Shell and BG shareholders to vote on merger

Royal Dutch Shell and BG Group shareholders are expected to vote on the merger of the two companies on Jan. 27 and 28, respectively,...

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