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1-10 results from 1000 for query «oil»

July 12, 2018 12:59 AM Trade gap hits record $37.7bn

ISLAMABAD: Pakistan’s trade deficit widened to an all-time high of $37.7 billion in the outgoing fiscal year, contributing to the rising current account deficit of the country. The deficit soared almost 16 per cent during the 2017-18, posing a serious challenge for the government to control the menace of rising current account deficit, according to official 1

July 12, 2018 12:00 AM Bahrain’s economy shrinks in Q1 as oil production sags

DUBAI: Bahrain´s economy shrank on an annual basis in the first quarter of 2018 for the first time in at least seven years, hit by a fall in oil production, data from the official statistics agency showed on Wednesday. The figures may increase concern about the health of Bahrain´s economy as it struggles with a current account gap and a large state budget 1

July 11, 2018 12:00 AM Saudi women allowed to become notaries for first time

RIYADH: Women in Saudi Arabia have for the first time been allowed to become notaries, with 12 granted permission to start working in the profession, the justice ministry said Monday. The move comes amid a reform drive in the kingdom that saw the authorities lift a ban on women drivers in June. As notaries the women can now issue and cancel powers of attorney

July 11, 2018 12:00 AM Italy stops ship with migrants, turns up pressure on EU allies

ROME: Italy has refused to allow a commercial vessel flying an Italian flag to bring ashore rescued migrants, apparently keeping up a hardline policy on new arrivals as it presses European allies to share the burden of hosting an influx of displaced people. A commercial ship that supplies oil platforms off the coast of Libya pulled 66 migrants to safety

July 11, 2018 12:00 AM Stocks inch up as value hunters go for oversold oil, financial shares

Stocks closed up on Tuesday following a volatile session as undervalued oil and financial scrips attracted institutional buyers and an assurance of timely elections by director general of the Inter-Services Public Relations (ISPR) restored some confidence among investors, dealers said. Analyst Ahsan Mehanti from Arif Habib Corporation said stocks closed

July 8, 2018 12:00 AM Iran calls for EU help as shipping giant pulls out for fear of US sanctions

AIX-EN-PROVENCE, France/LONDON: One of the world´s biggest cargo shippers announced on Saturday it was pulling out of Iran for fear of becoming entangled in U.S. sanctions, and President Hassan Rouhani demanded that European countries to do more to offset the U.S. measures. The announcement by France´s CMA CGM that it was quitting Iran deals a blow to Tehran 1

July 8, 2018 12:00 AM Iranian oil minister calls Trump’s order to OPEC insulting

LONDON: Iran´s oil minister on Saturday accused U.S. President Donald Trump of insulting OPEC by ordering it to increase production and reduce prices, adding that Iranian output and exports had not changed as a result of U.S. pressure. Trump on Wednesday accused the Organization of the Petroleum Exporting Countries of driving fuel prices higher, and urged 1

July 5, 2018 12:00 AM Rouhani calls Trump’s sanctions a ‘crime’

VIENNA: US sanctions against Iran are a “crime and aggression”, Iranian President Hassan Rouhani said on Wednesday as he called on European governments and others to stand up to President Donald Trump´s policies against Tehran. “Iran will survive this round of US sanctions as it has survived before. This US government will not stay in office forever 1

July 5, 2018 12:00 AM Saudi plans first change in Asia crude oil price formula

SINGAPORE: Saudi Aramco plans to change the formula used to price its long-term crude oil sales to Asia starting from October, marking the first change in benchmarks for its official selling prices (OSP) since the mid-1980s, multiple trade sources said on Wednesday. The new formula will be based on the average monthly prices of Oman crude futures traded 1

July 4, 2018 12:00 AM Qatar to buy Plaza Hotel for $600mln

LONDON: The tiny but ultra-rich Gulf state of Qatar has agreed to buy one of New York´s most iconic buildings, the Plaza Hotel, for around $600 million, adding a development that was once owned by U.S. President Donald Trump to its luxury property portfolio. Qatar´s state-owned Katara Holding is buying full ownership of the hotel, including a 75 percent 1