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Markaz eyes Saudi, US mortgagesKuwaiti investment firm Markaz told Reuters it planned to expand into real estate and financial services in Saudi Arabia and would set up a fund to tap low prices in the US mortgage debt market. Markaz was looking to acquire a financial se More… |
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DME in talks with state oil, Asia ref: LeaverDubai Mercantile Exchange (DME) is in talks with Asian refiners and state oil companies to price contracts against the Gulf exchange, making it a benchmark, as it bids to increase its core volumes to one million barrels per day, its chief executiv More… |
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Gulf equipped to weather financial stormFrom banks, to developers to oil firms, Gulf Arab companies told Reuters on Monday they were hit by the global financial crisis and falling oil prices, but robust growth and spare liquidity would help them weather the storm. Top executives More… |
