SYDNEY: Mining giant BHP Billiton has reported an increase in iron ore output for the June quarter but a decline in gas production as shale projects were delayed due to weak oil prices.
RIYADH: A report released by a leading local investment company, says that a key implication of the recent nuclear accord will pave the way for the return of the Iranian oil to the markets.
NEW YORK: Dow Chemical Co. warned of soft demand in China, raising concerns that the largest US chemical maker by revenue would not be able to maintain its growth rate in the key market.
VIENNA: Iran has outlined plans to rebuild its main industries and trade relationships following a nuclear agreement with world powers, saying it was targeting oil and gas projects worth $185 billion
LONDON: The scramble for gasoline this summer has thrown a lifeline to European refiners, pushing gasoline cracks to multi-year highs and tightening the market for the fuel’s components, but the seaso
DUBAI: Dubai’s Emaar Malls, a unit of Emaar Properties, reported a 43 percent jump in second-quarter net profit.
ABU DHABI: Abu Dhabi Islamic Bank (ADIB) has posted a 10.5 percent rise in second-quarter net profit, as fee income boosted revenues.
JEDDAH: Most major Middle East stock markets rose on Wednesday on positive second-quarter earnings and news that the UAE would cut domestic diesel prices.
LONDON: Gold fell more than 1 percent to a five-year low on Wednesday as a bounce in the dollar fueled downside momentum, with investors continuing to pull away from the metal after its dramatic slide
LONDON: If there is a symbol of British ambivalence to Europe then it may be the euro itself.
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