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Earnings Leap at Saudi Sabic

RIYADH, (AFP) — Saudi petrochemicals giant Sabic said Sunday it doubled earnings in the third quarter against the previous period as the global economy bottomed out and its product prices surged on higher oil prices. Saudi Basic Industries Corp., the Gulf’s...

Iraq Approves Oil Deal with BP-Led Consortium

BAGHDAD, (AP) – The Iraqi government said Saturday it has approved a contract with a British-Chinese consortium to develop a prized oil field in southern Iraq, a significant achievement for a country that has struggled to attract foreign investors despite its vast...

Iraq approves oil deal with BP-led consortium

BAGHDAD (AP) – Iraq’s government has approved an oil deal with a consortium led by British giant BP PLC to develop a prized oil field in the south. BP and its partner China’s CNPC were the only winners in Iraq’s first international oil auction...

Oversupply to Pull Down Dubai Property Price

DUBAI, (Reuters) – Dubai’s property prices are expected to drop by another 20 percent as more projects come online, adding to an already flooded market where demand is dwindling, an executive at research firm Colliers International said. Dubai’s real...