Search Results for: Arab
Brent Extends Drop as Mideast Oil Supply Stays Safe; WTI Steady
August 25th, 2014
Brent fell for a second day amid speculation that turmoil across the Middle East won’t threaten crude supplies. West Texas Intermediate was steady in New York after a technical issue disrupted electronic trading. “The region is in chaos but ...
At Bank’s Terrorism Trial, Victim Testifies About Suicide Bombing in Israeli Bar
August 22nd, 2014
Mr. Faudem recalled that he and his girlfriend soon ducked back inside, and he remembered seeing a friend, whose birthday it was, onstage singing. “Then, the explosion. The explosion. There was a bomb,” Mr. Faudem testified on Thursday. “I ...
Oil Companies Turning Away From The Middle East
August 20th, 2014
The violence and cutthroat politics of the Middle East, combined with declining oil and gas production levels, has triggered a subtle but significant shift away from what has long been the center of the energy industry to other regions ...
Anti-Terrorism Trial of Mideast Bank Worries the Financial World
August 14th, 2014
The judge called it the Beirut account. It was a basic bank account at Arab Bank’s Al-Mazra branch in Beirut, Lebanon, unremarkable except for the name on the account: Osama Hamdan, a spokesman for the terrorist group Hamas. The ...
West TX Oil Drops to 97.30 on Pressure
August 13th, 2014
Brent crude slipped below $103 a barrel on Wednesday to trade near its lowest level in more than a year as ample supplies countered any disruption risks posed by lingering tensions in Iraq and Libya. It was the fourth ...
Simmons enters South Africa with Fasken Martineau alliance
August 1st, 2014
Simmons & Simmons has gained a South African presence by allying with Canadian firm Fasken Martineau’s recently-acquired Johannesburg operation. Fasken Martineau merged with the 76-lawyer Johannesburg-based Bell Dewar in February 2013, which brought in expertise in mining, infrastructure, energy, ...
India’s Tata Group marks $35 billion investment
July 30th, 2014
Unveiling a new blueprint for growth, the Tata group, India’s largest diversified business conglomerate, has communicated to the top brass of its 100-odd companies, a new vision to maximise synergies among group companies by focusing on four new clusters ...
Deutsche Bank Posts 29 Percent Net Profit Drop
July 29th, 2014
Deutsche Bank AG posted a 29 percent drop in second-quarter net profit Tuesday, hit by what it described as higher taxes, declining revenue and political instability affecting the markets. Germany’s largest bank said its net profit in the April-June ...
Saudi market opening for direct access a boost to MENA
July 24th, 2014
Following a cabinet approval, the largest equity market in the MENA region, the Kingdom of Saudi Arabia, should soon become open for direct foreign investments. The move would finally come to pass once the Capital Market Authority (CMA) formalises ...
Fund managers unconvinced by Apple rebound as firm readies results
July 22nd, 2014
Apple, once a can’t-miss stock, is finding it tough to persuade portfolio managers to come back into the fold. The company’s shares are up 17 percent for the year, nearly three times the performance of the benchmark Standard & ...
