Saturday 4 July 2015
 
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Oil Prices

Oil prices fall after Greek imposes capital controls

Oil prices fell in early Asian trade, with US crude dropping below $59 after Greece imposed capital controls as lenders refused to extend the country's bailout. Brent crude for August delivery was down 81 cents at $62.45 a bar

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Oil steady as US stocks data disappoints

Oil prices were little changed in early Asian trade on Thursday as an unexpected build in US gasoline inventories offset a higher than forecast draw in US crude inventories, while Brent was supported by buoyant manufacturing figures from Europe.

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Oil down 2pc over weaker products markets

Crude oil fell about 2 per cent on Friday, the first decline after three days of gains, as worries over the Greek fiscal crisis, weaker oil products prices and pre-weekend profit taking undercut the market. Gasoline and diesel'

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Oil down 2pc over weaker products markets

Crude oil fell about 2 per cent on Friday, the first decline after three days of gains, as worries over the Greek fiscal crisis, weaker oil products prices and pre-weekend profit taking undercut the market. Gasoline and diesel'

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Qatar sovereign fund ‘to restructure’

Qatar Investment Authority, one of the world's most aggressive sovereign wealth funds, will set asset allocation targets for the first time and restructure internal decision-makingin response to a drop in oil prices, sources said.

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IMF agrees $833 million loan to Iraq

The International Monetary Fund reached an agreement on Friday with Iraq for a $833 million loan programme that should help the country with its finances and increase investor confidence. The programme, which must still be reviewe

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Saudi may issue government bonds this year

The Saudi Arabian government may resume issuing bonds this year, easing downward pressure on the country's foreign reserves caused by low oil prices, a senior International Monetary Fund official said after talks with Saudi officials.

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Oil ‘super cycle’ to benefit Mideast companies

Low production costs for Middle East companies offer regional players significant competitive advantage in the low price segment of an oil ‘super cycle’, a report said. The depressed oil prices predominant since late l

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KAEC eyes 50 new corporate tenants this year

King Abdullah Economic City (KAEC), a special economic zone on Saudi Arabia's Red Sea coast, expects to attract about 50 new companies to establish operations this year, versus 35 last year, KAEC's managing director said.

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KAEC expects tenant inflow to accelerate this year

King Abdullah Economic City (KAEC), a special economic zone on Saudi Arabia's Red Sea coast near Jeddah, expects its inflow of new corporate tenants to speed up this year as the economy proves resilient to low oil prices, KAEC's managing

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