Oil advanced for a third day in New York amid signs voters in Greece may support a European Union bailout, easing concern that the region’s debt crisis will worsen and derail the global economic recovery.
Futures gained as much as 0.6 percent after Greece’s New Democracy party, which supports the bailout plan agreed with international lenders, placed first in all six opinion polls published in the country May 26. Oil has slipped 13 percent this month amid concern Europe’s crisis will curb fuel demand. Prices climbed on May 25 after the United Nations atomic agency said Iran boosted its output of enriched uranium.
Kuwait replaces officials at KPC after $2.2bn Dow payment
State-run Kuwait Petroleum Company (KPC) appointed a new chief executive and suspended other top officials after the country paid $2.2bn in damages to Dow Chemical Co over a scrapped plastics joint v
Qatar’s GDP to grow by 5-6pc: Barclays
Taking stock of the latest data released about Qatar’s sovereign and banking sector outlook, the Qatari economy is likely to perform “better than expected”. The Gross Domestic Product (GDP) is expect
India seeks Qatari investment in $1tr infrastructure sector
India is soliciting cash-rich Qatar’s active participation in infrastructure development projects as the South Asian nation hopes to invest an incredible $1 trillion in infrastructure over the next
MMG Appoints Gib Capital as Financial Advisor
Mohammad Al-Mojil Group (MMG) announces that the board of directors approved today 20/05/2013 the signing of an agreement with GIB Capital (The investment banking arm of Gulf international Bank GIB i
DFM Index Inches Down in the Early Trade
The DFM General Index inched down to drop 0.21 percent during the first couple of hours trading on Monday 20th May 2013. The index wavering between north and south trimmed 4.88 points to reach at 2