Search Results for: Arab
Oil giant BP predicts Opec comeback as Brent crude price rises
February 18th, 2015
Saudi Arabia and its fellow Opec members are set to make a massive comeback and regain control of the world’s crude oil market, and could be in their previous position of influence as early as next year. The prediction, published by oil giant BP yesterday, ...
Local investors regain largest share of HKEx’s securities market trading
February 17th, 2015
Local investors have regained the largest share of securities market trading at Hong Kong Exchanges and Clearing Limited (HKEx), according to the findings from HKEx’s Cash Market Transaction Survey 2013/14. The survey found local investors contributed 45 per cent ...
UAE To Conclude FATCA IGA This Month
February 17th, 2015
The Ministry of Finance of the United Arab Emirates (UAE) held a press conference on February 15, 2015, to discuss the latest developments regarding the draft agreement on implementing the US Foreign Account Tax Compliance Act (FATCA). FATCA, which ...
Asia stocks, euro fall as Greek uncertainty saps confidence
February 12th, 2015
Asian stocks and the euro fell on Thursday as markets erred on the side of caution over the ongoing Greek debt negotiations amid conflicting headlines on progress in the talks. The uncertainty is expected to be highlighted in a ...
OPEC Producers Cut Oil Prices to Asia in Battle for Market Share
February 11th, 2015
Iraq and Iran joined Saudi Arabia in cutting their March crude prices for Asia to the lowest level in more than a decade, signaling the battle for a share of OPEC’s largest market is intensifying. Iraq’s Basrah Light crude ...
UAE’s NBAD launches market-making on Abu Dhabi bourse
February 3rd, 2015
National Bank of Abu Dhabi (NBAD) officially began market-making – quoting buying and selling prices – on the Abu Dhabi stock exchange (ADX) on Tuesday, aiming to boost trading volumes. The bank, the largest lender by assets in the ...
Alstom Gets Break on Fine
February 2nd, 2015
Court Granted Delay in $772 Million Payment Because of Possible Business Impact When the U.S. Justice Department announced a record $772 million foreign-bribery settlement with Alstom SA in December, there was a hitch: The French engineering company couldn’t pay ...
Oil Companies Draw on Creative Financing to Stay Afloat After Prices Tumble
February 2nd, 2015
North America’s small and mid-sized energy companies are searching for creative ways to stay afloat as investors smell blood in the water from the almost 60 percent fall in the price of oil since June. Oil and natural gas ...
Al Tamimi & Co. to provide Legal Consultancy in Support of the “New Egypt
January 29th, 2015
Al Tamimi & Company is proud to announce a new association with Nour & Taha Law Firm, a key player in the Egyptian legal market. From 1st April 2015 Mohamed Khodeir, a partner at Al Tamimi & Company regionally ...
U.S. oil well shut-ins start as crude rout batters small producers
January 27th, 2015
Collapsing crude prices are confronting scores of smaller U.S. oil producers with the grim choice of either shutting older high-cost wells or burning through cash in the hope of riding out the downturn. As oil prices fell by more ...
