Home » October 31st, 2012 Entries posted on “October, 2012”

WWF: Nearly 19,000 Tons of Bluefin Tuna Illegally Traded

The equivalent of 18,704 tons of live bluefin tuna, a protected species subjected to fishing quotas, were traded via Panama between 2000 and 2010, without being reported to the International Commission for the Conservation of Atlantic Tunas (ICCAT) – the international body managing the fishery, reported on Wednesday the World Wildlife Fund. The WWF, a […]

October 31st, 2012 | Posted in Headlines,World News | Read More »

Kuwait: the Fitch Ratings’ alert

Fitch Ratings, a credit rating firm, has started raising eyebrows about the ongoing issues in Kuwait and has decided to alert the country’s officials. Kuwait received a warning from the firm citing that despite the nation’s strong balance sheet, the firm wouldn’t hesitate to reduce its AA sovereign credit rating as political tensions keep on […]

October 31st, 2012 | Posted in Finance,Headlines | Read More »

UAE: the Islamic bank ADIB’s sale

Abu Dhabi Islamic Bank (ADIB) is considering a sale to boost its core capital ratios ahead of an investors meeting on Wednesday. It’s the largest sharia-compliant lender by market value in Abu Dhabi and rarely issue sukuks. A source at an arranging bank claimed that the sukuk is likely to be benchmark-sized, which are bonds […]

October 31st, 2012 | Posted in Finance,Headlines | Read More »

The merger of two major publishing companies

The growth of e-book industries and the challenge created by Internet retailers led two of Europe’s major media companies to join forces. Bertelsmann owner of Random House and Pearson penguin’s owner have confirmed on Monday their agreement that would allow the fusion of their book publishing divisions. This combined entity will be called Penguin Random […]

October 30th, 2012 | Posted in Headlines,World News | Read More »

Doha Bank to sell shares for growth

Qatar’s fifth largest bank by market value, Doha bank, is planning to increase its share capital by half during the first quarter of next year. The bank has market worth of $3.2 billion and its issues could gather another $1.6 billion. The chief executive of the bank believes that the issuance will help growth. He […]

October 30th, 2012 | Posted in Finance,Headlines | Read More »

British Company Sign Agreement for Offshore Oil Exploration

The British company Chariot Oil & Gas Limited, an independent Africa focused oil and gas exploration company, announced that it has signed, through it wholly owned local subsidiary, Chariot Oil & Gas Investments (Morocco) Ltd. an agreement with Morocco under which it gets a licence for oil exploration offshore capital city Rabat. The licence, dubbed […]

October 29th, 2012 | Posted in Energy,Headlines | Read More »

Iran: drone technological capabilities updated

Recent claims to be made by Iran’s military is that it has drones which are far more advanced than the unmanned aircraft Hezbollah launched into Israeli airspace earlier this month. Iranian Defense Minister, Ahmad Vahidi, said the Hezbollah drone which penetrated the Israeli airspace for about 55 kilometers before being shot down did not use […]

October 29th, 2012 | Posted in Headlines,World News | Read More »

Hamas gets Qatari boost

The much anticipated visit of the Emir of Qatar to Gaza is seen by many as political victory for Hamas over the mainstream Palestinian leaders in the West Bank. Emir Sheikh Hamad bin Khalifa al-Thani is accompanied by a large delegation and among them are his wife, Prime Minister, Foreign Minister Hamad bin Jassim and […]

October 24th, 2012 | Posted in Headlines,World News | Read More »

Is there another alternative if Iran withdraws its oil supply?

Economic sanctions still continue to be directed towards Iran because of its refusal to halt its nuclear program. In a move to bring an end to such decisions, Iran has now threatened that it will keep its oil away from the global market. While in Dubai, Iran’s oil minister warned that they will suspend all […]

October 24th, 2012 | Posted in Energy,Headlines | Read More »

Oman plans free zones expansion

As Oman struggles to keep up the employment demands of its fast-growing population and the decline of foreign direct investment last year, the government has announced an investment plan of $450 million to extend its free trade zones across the country. The announcement of the expansion plan is in line with the country’s ambition of […]

October 23rd, 2012 | Posted in Gulf News,Headlines | Read More »