Lloyds Banking Group and Natixis have sold their holdings in debt of Dubai World, the state-owned conglomerate nearing a $14.6 billion debt restructuring, according to sources familiar with the matter.
Royal Bank of Scotland (RBS)
Silverstream Technologies and Shell has successfully completed the sea trial of Silverstream Technologies’ new air lubrication technology for ships.
The Silverstream System sea trials, independently verified by Lloyd’s
The Jebel Ali port has ranked among the top 10 list of the world’s largest ports, according to the latest container ports’ rankings from Lloyd’s List, Containerisation International and The Journal of Commerce.
Lloyd’s Register Energy, together with Lightbridge Corporation, has won a major contract to provide construction oversight and related technical services for a new generation of nuclear power plant in the UAE.
New York's financial regulator has asked Lloyd's Banking Group and Swiss RE for details about dealings linked to Iran as part of a probe into 20 non-US reinsurance firms, the Wall Street Journal reported.
Citing a copy of
Oil prices are unlikely to cross $100 per barrel in the near future due to near record inventory levels and Opec’s five million barrels of spare capacity, according to an expert.
Richard Savage, head of energy research at the 190