Wednesday 13 December 2017
 
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Barclays

Unatrac wins $275m funding for MEA expansion

Unatrac Holding, an exclusive Caterpillar dealer for Iraq, said it has secured a $275-million credit package comprising a $225-million five-year revolving credit facility, along with a $125-million accordion option and a $50-million one-year sho

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Opec output cut level key to markets: Barclays

A six- or nine-month extension of the Opec deal is likely to be agreed to on November 30, said British multinational bank Barclays, highlighting that the extension length is less important than the quota level. “Whether or n

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Tesla unveils electric semi truck

US-based automaker Tesla has unveiled its new “Beast” semi truck, targeting the diesel-intensive heavy duty road freight market. This release creates much optimism for electric vehicle (EV) adoption, but displacing oil

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Barclays appoints ME private banking head

Barclays has announced that Steve Klemme will be joining as head of Middle East in Private Bank & Overseas Services. With over 30 years’ experience leading Middle East regional teams for global financial institutions, Kl

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Hurricane Harvey ‘will test rangebound oil price’

Brent prices have not deviated by more than $5 from $50 since the first quarter of 2016 on a quarterly basis, but Hurricane Harvey will test that rangebound trend, said Barclays, a leading British financial services provider. &nbs

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Don’t underrate impact of Harvey on oil: Barclays

Hurricane Harvey, the first major storm to target the US Gulf Coast since 2012, could make it more destructive to US crude and product supplies as well as port facilities than the market is currently assuming, said Barclays in a new report.

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Barclays names Mena head of investments

Barclays, a transatlantic consumer, corporate and investment bank, has announced the appointment of Bjorn Holderbeke as Mena head of Global Investments and Solutions (GIS) for its Private Bank. Based in Dubai, UAE Holderbeke will

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Barclays expands private bank team in Mena

Barclays announced today the appointment of Bjorn Holderbeke as Mena head of global investments and solutions (GIS) for its private bank. Based in Dubai, Holderbeke will be responsible for product and platform development and will

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Barclays sponsors UAE entrepreneurship programme

Barclays has announced its sponsorship for the Mind Cloud Entrepreneurship programme, the UAE’s first government accredited initiative for entrepreneurs. The initiative aims to elevate the entrepreneurship skills for partici

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Oil to stay between $50-55 in H2, 2018: Barclays

Brent prices are likely to stay in the $50-55 range in the second half of 2017 and to average in the same range in 2018, said Barclays in its latest Oil Instant Insight. Despite the statements in the communiqué of

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