Home » September 28th, 2012 Entries posted on “September, 2012”

Libya increases white sugar purchases

As internal conflicts between tribes and militant of different camps threaten Libya’s stability raising doubts over the level of security, the government is busy in the markets trying to buy white sugar as stocks have increasingly depleted. The country’s importation of white sugar imports dropped sharply last year during the revolution and available supplies are […]

September 28th, 2012 | Posted in Headlines,World News | Read More »

Israel calls for Iran red lines

“Red lines don’t lead to war, red lines prevent war. Nothing could imperil the world more than a nuclear-armed Iran.”  Such were the stern remarks of Benjamin Netanyahu during his speech at the UN General Assembly. He claimed that Iran could have the necessary materials necessary to produce a nuclear bomb by mid next year […]

September 28th, 2012 | Posted in Energy,Headlines | Read More »

Additional $295 million needed for Syrian refugees

Alarmed by the worsening humanitarian situation of hundreds of thousands of displaced Syrians and by their increasing numbers, the United Nations refugee agency and its humanitarian aid partners on Thursday requested an additional $295 million to help fund the refugees’ assistance operations. The UN, which had earlier requested $193.2 million, has so far received $141.5 […]

September 27th, 2012 | Posted in Headlines,World News | Read More »

Iran unveils locally made drone

The state media has reported that the Islamic Revolution Guards Corps has developed a locally made unmanned drone. The drone is called The Shahed (Witness) 129 and has a range of 2,000km, thus making it possible to reach a large part of the region. The drone can be used for reconnaissance and combat missions and […]

September 27th, 2012 | Posted in Headlines,World News | Read More »

Bahrain: GIB updates $4bn bond plan

The Gulf International Bank has released updates concerning its 4bn Euro Medium Term Note (EMTN) program on the London Stock Exchange. The released prospectus of the bank which is dated the 25th of September gave details about the issuance program. It stated that the proceeds from any potential debt issue will be for general corporate […]

September 26th, 2012 | Posted in Finance,Headlines | Read More »

Jordan: Shale oil production

Jordan has taken a step towards exploring and developing its oil reserves. It signed a Memorandum of Understanding with Global Oil Shale Holdings (GOSH) in this aspect for two oil shale blocks in the kingdom. Previous samples and geologic evaluations have indicated that the two wells involved in the signing seem to contain an important […]

September 26th, 2012 | Posted in Energy,Headlines | Read More »

Carlyle Group prepares MENA investment

As the European market remains unstable for investors to venture into it, interest has been turning more on the Middle East and North African region despite the existing tensions. A private equity firm of the United States of America known as Carlyle Group is seeking to build up on its presence in the region. The […]

September 25th, 2012 | Posted in Finance,Headlines | Read More »

KSA: Detection of a severe virus

As the Hajj and Umrah draw close in Saudi Arabia, the detection of a virus sharing the same family as the Severe Acute Respiratory Syndrome (SARS) virus that killed 800 people in 2002 in China is not a news to be welcomed in the kingdom. Reports are already claiming that there have been three confirmed […]

September 25th, 2012 | Posted in Gulf News,Headlines | Read More »

CBK considers liquidation of subsidiary

Reports are emerging of the liquidation of the investment unit of the Commercial bank of Kuwait (CBK). A bourse filing also carried a similar message saying that plans are being made. The bank’s side of the story wasn’t acquired due to their unavailability to comment on the issue. However, a released statement by the bank […]

September 24th, 2012 | Posted in Finance,Headlines | Read More »

Credit Suisse takes UAE jobs to Qatar

In a bid to reduce its cost of operation and invest in richer markets, Switzerland’s second-biggest bank is reducing its investment banking team in Dubai as it takes some of them to Qatar. According to sources, Credit Suisse taking its back-office investment banking team to Qatar because of the largest sovereign wealth funds can be […]

September 24th, 2012 | Posted in Finance,Headlines | Read More »