Tuesday, August 21, 2018

Iraq’s Basra Oil, Chevron agree to implement MOU to develop oil fields: Iraqi oil...

DUBAI (Reuters) - Iraq’s state-run Basra Oil Company and Chevron agreed to begin implementing a memorandum of understanding to develop fields in the south of the country, the Iraqi oil ministry said on Sunday....

Trade Bank of Iraq puts Turkey bank acquisition plans on hold

DUBAI, Aug 15 (Reuters) - Trade Bank of Iraq (TBI) has put on hold plans to buy a commercial bank in Turkey because of the plunge in the Turkish lira, its chairman told Reuters...

StanChart names new chief risk officer

Standard Chartered has appointed Faisal Abu Shaar as chief risk officer, Middle East; Country chief risk officer UAE; and head, Risk, Islamic Banking.Abu Shaar  has been with the Bank for the last seven...

UAE 4 largest banks post higher profit on lower interests – Moody’s

DIB DIB 1.00% 5.06 0.05 ADCB ADCB 0.00% 7.01 0.00 FAB NBAD 0.71% 14.25 0.10 Dubai...

Air Arabia to start flights to Prague from December 11

KATHMANDU, Aug 16: Air Arabia has said that it will start flights to its new European destination -- Prague in Czech Republic. Issuing a statement on Wednesday, the company said that the inaugural flight...

Russia’s Surgut sells Sept-Oct ESPO crude at slightly higher premiums

SINGAPORE, Aug 16 (Reuters) - * Russian oil producer Surgutneftegaz has sold two ESPO crude cargoes at slightly higher premiums than the previous month via a tender, several trade sources said on Thursday *...

Abu Dhabi resident Down 85% After Taking $140K Loan to Buy Cryptocurrency

Cryptocurrency investing is risky business and one budding investor is feeling the pain after using a huge bank loan to build a losing cryptocurrency portfolio. DYOR and Steer Clear of FOMO It appears that...

Brock Pierce and Company Will Bring Together Exchanges, and Regulators Around Spanish Crypto Summit

Brock Pierce, considered to be the central figure of cryptocurrency culture, tweeted about an upcoming event that will have all blockchain lovers, raving to go, or as crypto enthusiasts would say, ‘Futurama to the...

Dubai’s Newest Real Estate Show Launches

DUBAI, United Arab Emirates, Aug. 15, 2018 /PRNewswire/ -- Following in the footsteps of cities like New York, Los Angeles and London, Dubai is now home to its first Real Estate entertainment show. The...

Azerbaijan to open trading and wine houses in 5 countries this year AzerTAg.az

Baku, August 15, AZERTAC “Azerbaijan’s trading and wine houses will be opened in the UAE, China, Poland, Kazakhstan and Russia by the end of the year,” said deputy minister of economy Rufat Mammadov. He noted that...