The Association for Development of Islamic Finance (ADIF) has signed a deal on co-operation with Shariyah Review Bureau (SRB) to establish Kazakhstan as an Islamic financial hub of Central Asia.
ADIF solely supported by National B
Refiners in Asia are assessing the new Iraqi Basra Heavy crude after Iraq released the grade's assay to kick off marketing a month before the oil's launch, trade sources said.
The assay was made availab
Saudi Arabia kept June prices for its benchmark Arab Light crude unchanged for Asian buyers, looking to defend market share amid stiff competition, while raising prices for Europe to reflect a price rally in rival grades in recent weeks.
Abu Dhabi National Oil Company (Adnoc) raised the retroactive prices of crude sold to Asia in April, after robust demand pushed up spot premiums for its grades.
Prices were also boosted by a cut in supply of fl
Top oil exporter Saudi Arabia is expected to keep prices mostly unchanged in June for grades it exports to Asia, following two straight months of increases, in line with a steady Dubai structure.
The Opec produ
Oil demand in Asia is strong and Saudi Arabia is ready to supply any more crude needed, its oil minister said on Tuesday during a visit to China, as the world's top crude exporter aims to maintain its market share.
Bahrain-based Arab Shipbuilding and Repair Yard (Asry) has showcased its latest products and services at Sea Asia 2015, a Singapore-based maritime exhibition.
The ship and rig repair yard used the growing show as a platform to boo
Saudi Arabia, the world's top crude exporter, raised the prices for all the grades it will sell to Asia in May, increasing levels for the second straight month as robust refining margins supported demand in the region.