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Wednesday, 23 February, 2011
LONDON — Spanish owned UK airport operator BAA said it expected profit to grow strongly in 2011 as an economic recovery pushes up demand for travel, helping it shrug off a year of major disruption.
The operator of London’s Heathrow, Europe’s busiest airport, managed to post narrower losses for 2010
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Wednesday, 23 February, 2011
LONDON — Dragon Oil’s profit soared 49 per cent in 2010 on higher oil prices as the Turkmenistan-focused company said it widened its scope for potential acquisitions to include West Africa.
“We’re looking very diligently to West Africa. We’re looking at offshore and onshore, we’re looking for some
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Wednesday, 23 February, 2011
PARIS — Call it Europe's G1. The euro zone's debt crisis has reshaped the way power works in the European Union, putting Germany in the driver's seat at the expense of the European Commission and other member states.
Gone are the days when the EU executive's exclusive right to initiate legislation
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Wednesday, 23 February, 2011
LUANDA — Oil revenues have made Angola one of the fastest-growing economies in Africa, but the high cost of living that has come with the boom makes life difficult for many in the war-weary country.
Angola vies with Nigeria for the title of Africa's largest producer of crude. Oil money has driven
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Wednesday, 23 February, 2011
HONG KONG — The pace of the yuan's convertibility may accelerate as global demand grows for trade settlement in the Chinese currency, a Chinese central bank official said.
"If you look at the history and the progress of international use of our renminbi (yuan), you find that sometimes demand grows
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Tuesday, 22 February, 2011
By Bader al Kiyumi -
MSUCAT — Petroleum Development Oman (PDO) has reported the discovery of a potentially large gas field at Khulud West, as well as four new oil fields at Al Amal Southeast, Aqeeq, Sayyah and Al Ghubar East – finds that will augment the Sultanate’s reserves potential.
The new dis
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Monday, 21 February, 2011
By A Staff Reporter -
SOHAR — The Sohar Investment Opportunities Conference discussed in detail the potential, capabilities, future plans and investment opportunities for the private sector in Sohar. The conference concluded today.
The conference witnessed participation of delegates from governme
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Tuesday, 22 February, 2011
By Conrad Prabhu -
MUSCAT — The government is studying the feasibility of constructing a gas pipeline to Duqm to meet the electricity needs of a major maritime and industrial hub under development on the Wusta coast.
According to a top official of the Ministry of Oil and Gas, the proposed pipeline
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Tuesday, 22 February, 2011
By A Staff Reporter -
MUSCAT — Abraj Energy Services LLC has recently received a prestigious award for the second consecutive year from the Ministry of Manpower, for successful 2010 Omanisation programme. This award is recognition to the company for achieving high Omanisation levels and commitment
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Tuesday, 22 February, 2011
MUSCAT — GIC successfully raised Malaysian Ringgit 600 million ($197 million), via a — year fixed rate bond issue in Malaysia. The programme was rated AAA by Rating Agency Malaysia, the premier rating agency of the country.
Commenting on the successful issue, Hisham A al Razzuqi, Chief Executive O
