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Iraq approves $843m Weatherford oil dealIraq's cabinet has approved an $843 million service contract with US oilfield services company Weatherford to build crude production units in the Zubair oilfield. Italy’s Eni, US-based Occidental Petroleum Corporation and South Korea’s More… |
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Saudi approves $430m in new aid to EgyptSaudi Arabia said it had approved $430 million in project aid to Egypt and would allow Cairo to use a $750 million line of credit to import oil products. The aid, to be provided by the Saudi Fund for Development, is part of a package More… |
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Libya approves Islamic banking lawLibya has approved an Islamic banking law that will introduce sharia-compliant banking in the North African country, according to a member of the ruling National Transitional Council (NTC). Libya has been working to amend its banking laws More… |
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Air Arabia approves 6pc cash dividendSharjah-based budget carrier Air Arabia said the company's annual general meeting (AGM) has approved the distribution of 6 per cent cash dividend to the investors. During the AGM, the assembly also approved the report of the company’s audi More… |
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IMF approves $93.75m aid for YemenThe International Monetary Fund (IMF) said its executive board has approved funds worth SDR 60.875 million (about $93.75 million) for Yemen under the Rapid Credit Facility (RCF) to address its urgent balance of payments needs. The approval More… |
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Al khaliji approves cash dividendsQatar-based Al Khaliji bank said the company board has approved the distribution of QR1 per share as cash dividends, representing 10 per cent of the bank’s paid-up capital. Announcing this on Wednesday, Al Khaliji chairman and MD Sheikh Ha More… |
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Iraq approves $998m Samsung oil contractIraq's cabinet approved a $998 million oilfield service contract on Tuesday with a South Korean company for the West Qurna Phase Two oilfield, the cabinet said in a statement An Iraqi oil official who asked not to be identified said the de More… |
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Saudi to allow some foreign ownership of stocksSaudi Arabia's plans to open up its stock market will limit direct foreign ownership to investors with at least $5 billion under management and allow each to hold a maximum 5 per cent of a stock's issued share capital, sources said. More… |
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Iraq cabinet approves Kogas dealIraq's cabinet approved a contract with South Korea's Kogas on Tuesday to develop the Akkas gas field in western Anbar province, an oil ministry source said. Iraq awarded a development contract for Akkas, the country's largest More… |
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NYSE investors approve D.Boerse mergerNYSE Euronext shareholders have approved a merger with Deutsche Boerse to form the biggest stock exchange operator in the world valued at some $25 billion. A merged Deutsche Boerse and New York Stock Exchange Euronext will own bourses in N More… |
