Wednesday 27 August 2014
 
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IKE

Al Salam to develop Bahrain IKEA mall

A consortium led by Bahrain-based Al Salam Bank has announced plans to develop a 100,000 sqm mall to be anchored by furniture giant IKEA in the Kingdom and open it for public in 2014. The consortium, “JV Partners,” comprising Siraj Capital

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Storm Ike causes extensive damage in Texas

A weakened storm Ike barreled northward on Sunday after slamming into the Texas coast as a hurricane, flooding seaside towns, cutting power to millions and paralyzing the oil hub of Houston. The giant storm left extensive devastation in it

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Wall of water slams into Texas coast

Hurricane Ike barreled into the densely populated Texas coast near Houston early on Saturday, bringing with it a wall of water and ferocious winds and rain. It could cause catastrophic flooding along the Gulf of Mexico and cripple the

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Hurricane Ike closing in on Texas coast, Houston

Hundreds of thousands of people fled coastal areas in the path of Hurricane Ike on Friday as the storm gathered strength on a collision course with the Texas Gulf Coast, threatening to swamp populous areas around Houston under a massive wave of wa

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Oil bounces to above $101, eyes hurricane

Oil prices recovered to above $101 a barrel on Friday, as the markets kept a watchful eye on the path of Hurricane Ike that could disrupt refineries and production in the United States for weeks. US crude for October delivery rose 45 cents

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Hurricane over Gulf of Mexico, targets Texas

Hurricane Ike swirled over the Gulf of Mexico on Tuesday, targeting Texas near the US offshore oil patch after toppling decrepit buildings in Cuba's capital and ripping the island from end to end. Ike, a Category 1 storm but strengthening

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Oil falls as Opec expected to maintain output

Oil fell to a new five-month low on Tuesday as expectations Opec would leave formal output targets steady outweighed concerns over the threat of Hurricane Ike to US Gulf of Mexico energy infrastructure. Opec ministers meeting in Vienna wer

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Hurricane Ike heading for US Gulf Coast

Hurricane Ike is not yet weakening over Cuba and will likely reach the Gulf of Mexico as a Category 1 hurricane before taking aim at the oil-rich Texas-Louisiana coast later in the week, the US National Hurricane Center forecast in its 11 am EDT r

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Hurricane pounds Cuba on way to Gulf of Mexico

Hurricane Ike pounded northeastern Cuba with 120 mile per hour (195 kph) winds, torrential rains and massive waves that rolled through coastal towns. The hurricane is now on a path toward the Gulf of Mexico oil fields and possibly New Orle

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Hurricane threatens Cuba, Gulf of Mexico

Hurricane Ike barreled toward Cuba as an extremely dangerous Category 4 storm on Sunday and was forecast to sweep into the central Gulf of Mexico as a large and powerful storm echoing Hurricane Gustav. Ike's top sustained winds reached

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