October 8, 2014
Goldman Sachs has been ordered to pay the Libyan Investment Authority (LIA) 200,000 pounds ($321,820) in legal costs as part of a lawsuit brought by the fund over $1 billion in trades that ended up worthless.
“It’s simply a funding source that historically Chevron would not have looked at, but they are spending a lot on developing LNG and offshore so are looking at monetizing some of their assets sooner than they normally would.”
Morocco is joining many other countries, as well as some U.S. states, in re-examining policies toward drugs and looking to some degree of legalization.
October 7, 2014
“China’s slowdown is gradual... It is slower but it’s not the bottom falling out of China’s growth,”
Euro Disney is currently 40 percent owned by Walt Disney and 10 percent by Prince Al-Waleed bin Talal.
Service contracts stay within the limits of Kuwait’s constitution, which ban foreign firms from oil production in the Gulf OPEC crude exporter.
Lagarde, in the IMF's first direct, public comment on the latest Yemeni policy changes, said they did not endanger the loan programme.
The satellite will reportedly have a lifespan of one year and six months, and will capture images and transmit them to stations on earth.
October 6, 2014
The U.S. Company NEOS Geo Solutions, which signed a contract with the ministry of energy in January, flew one of its planes equipped with sensors over the Bekaa Valley in clear weather.
Last week, the petroleum minister announced that the government had paid $1.5 billion of its arrears to energy companies.
Apart from it being the festive season, the increased sales of gold in Dubai can be owed to the low prices currently.
October 5, 2014
IMF managing director Christine Lagarde warned of the fragile recovery of the global economy and the effects of the turmoil in the Middle East, especially the war against ISIS and the instability of Iraq and Syria, which could trigger higher global oil prices.
October 2, 2014
"The proposed sale will help replenish Saudi's current Patriot missiles which are becoming obsolete and difficult to sustain due to age and the limited availability of repair parts," the agency said.
The DFM looks particularly overbought as one of the best performing stock markets in the world, up 50 per cent year-to-date, and could well be heading for a fall.
Dubai's decision appears in line with the authorities' determination to spare no expense in equipping the police.