Wednesday 2 September 2015
 
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Saudi, US near deal for two Lockheed warships

Saudi Arabia is in advanced discussions with the US government about buying two frigates based on a coastal warship that Lockheed Martin Corp is building for the US Navy, and could reach agreement by the end of the year, according to sources fam

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US real estate group targets ME investors

Real estate investment and development firm Capital Assured said it has signed an agreement with One Sotheby's International Realty to bring Ritz-Carlton's new, ultra-luxury Residences in Miami Beach, Florida, exclusively to buyers in th

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Autos lift US consumer spending, sentiment slips

US consumer spending rose in July as households stepped up automobile purchases, offering further evidence of strength in the economy that keeps the door open to a Federal Reserve interest rate hike this year.  

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Gold eyes biggest weekly drop in five on US data

Gold traded flat on Friday, on track to post its biggest weekly drop in five as strong US economic data supported the case for a near-term increase in interest rates.   The upward revision in US economic growth i

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KBR wins Logcap IV task order for US Army in Kuwait

KBR, a leading technolgy, engineering, procurement and construction company serving the hydrocarbons and government services industries, has won a cost plus fixed fee task order in the Arabian Peninsula under the Logistics Civil Augmentation P

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US oil export advocates use Iran deal to buttress argument

US oil industry lobbyists and Congressional supporters of lifting the US ban on oil exports hope they can gain more support as lawmakers debate whether to approve the Obama administration's nuclear deal with Iran, which would result in mor

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Gulf airlines diverting traffic, alleges US group

Entry into a US gateway market by a Gulf carrier results in a decline in US carrier's international bookings to and from the region, a new study has claimed. Gulf airlines that fly to US routes have failed to stimulate any mea

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Double joy as giant panda gives birth to twins in US

Giant panda Mei Xiang, a star tourist draw in the US capital, gave birth to a pair of cubs hours apart on Saturday, the National Zoo said. Mei Xiang gave birth to her first cub at 5:34 pm (2134 GMT) after her water broke about an

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US oil imports rise as contango encourages storage

US crude imports topped eight million barrels per day (bpd) last week for only the second time this year, spurring an unexpected rise in stockpiles and sending US oil prices down to a fresh post-crisis low.  

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US military to step up drone flights by 2019

The US military plans to widen its surveillance and firepower in conflict zones worldwide, including in Ukraine and the South China Sea, with a major expansion of US drone flights, the Wall Street Journal reported. The Pentagon pl

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