Petroleum Subsidies worth $8 bln in Egypt’s new Budget
The international price of Brent crude oil was among the elements which drove Egypt to set aside $8 billion for…
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Microsoft, Salesforce talks fell through on Pricing: CNBC
Microsoft Corp (MSFT.O) and Salesforce.com Inc (CRM.N) held "significant talks" this spring but failed to agree on…
Oil steady, little help from Chinese Interest Rate cut
Crude futures were little changed on Monday as moves by China to bolster its flagging economy failed to instill…
Bank of Japan stands pat as Inflation Weakens
The Bank of Japan left its policy unchanged Thursday, sticking to the view that Japan is still on track to achieve…
Ukraine Says It Agrees On Interim Gas Price With Russia
Ukraine's and Russia's leaders have reached a preliminary agreement on a price for gas supplies this winter but…
Irrigation Minister: No Plans To Price Irrigation Water
Minister of Water Resources and Irrigation Mohamed Abdel Motaleb said there are no plans to price the irrigation…
ZTE Undercuts Rivals as U.S. Carriers Reduce IPhone Subsidy
ZTE Corp. -China’s second-largest maker of phone equipment- said it has a chance to undercut competitors including…
KSA’s Net foreign Assets Reach $600bln
Saudi Arabia’s net foreign assets stood at around $494 billion at the end of 2010 and strong oil prices are…
Abu Dhabi’s Rental Prices Fall
New data shows tenants in Abu Dhabi are enjoying the benefits of increased supply as a flood of new homes are being…
SABIC’s CEO Raises Expectations for Coming Quarters
Saudi Basic Industries Corp. (SABIC) chief executive said on Tuesday that he expected good results in the coming…
