Saudi Arabia
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The UAE and Saudi Arabia big drivers for the InterContinental Hotels Group, the world's largest hotel by number of rooms. Richard Solomons, the firm's CEO, discusses the drivers of regional demand, and why Africa is not on his priority list.
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By John Kemp LONDON, May 7- No one has ever seen an oil field. Typically buried thousands of feet below the surface, oil fields are like a sponge saturated with a mixture of oil, water and gas, rather than the underground cavern most people imagine when they think about oil and gas reservoirs.
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INTERNATIONAL/REGIONAL* GLOBAL MARKETS-Asian shares steady on higher Wall Street* Oil rises to over $105 per barrel on Mideast tensions* MIDEAST STOCKS-Dubai, Kuwait rally pauses; Gulf mkts mixed* Turkish markets mixed as lira rise signals more rate cuts* Gold ticks lower as equities gain, ETFs plunge* Israel says' no winds of war' despite Syria air strikes* Bombs, mosque attack kill 17 in Iraqi capital- police* Kerry to' make another stab' at Syria deal with Russia* UN distances self from report Syrian rebels used nerve gas* Influential U.S. senator offers bill to arm Syria rebels* Iran presidency candidates to step forward, finally.
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TOKYO, May 7- U.S. crude futures eased on Tuesday to below $96 a barrel on profit-taking, after gaining more than $5 in the previous three sessions as Mideast tensions raised supply concerns.
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TOKYO, May 7- U.S. crude futures eased on Tuesday to below $96 a barrel on profit-taking, after gaining more than $5 in the previous three sessions as Mideast tensions raised supply concerns.
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RIYADH, May 6- Saudi billionaire Prince Alwaleed bin Talal will hold onto his most high-profile investments, which range from stakes in Citigroup and News Corp to microblogging site Twitter, while seeking out new targets to diversify his global portfolio.
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NEW YORK, May 6- Brent crude oil rose more than 1 percent on Monday, surpassing $105 a barrel in choppy trade as Israeli air strikes on Syria prompted worries about Middle East supply to trump concern that global economic weakness may curb demand. U.S. oil settled up 55 cents at $96.16, off the session high of $97.17.
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NEW YORK, May 6- Brent crude oil rose more than 1 percent on Monday, surpassing $105 a barrel in choppy trade as Israeli air strikes on Syria prompted worries about Middle East supply to trump concern that global economic weakness may curb demand. U.S. oil settled up 55 cents at $96.16, off the session high of $97.17.
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*Israel strikes Syria, says targeting Hezbollah arms. NEW YORK, May 6- Brent crude oil rose above $105 a barrel on Monday but trading was choppy and prices were pulled both ways by more signs of economic weakness and the perception of an increased risk to Middle East supply after Israeli air strikes on Syria.
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*Israel strikes Syria, says targeting Hezbollah arms. NEW YORK, May 6- Brent crude oil rose above $105 a barrel on Monday but trading was choppy and prices were pulled both ways by more signs of economic weakness and the perception of an increased risk to Middle East supply after Israeli air strikes on Syria.
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*Israel strikes Syria, says targeting Hezbollah arms. NEW YORK, May 6- Brent crude oil rose above $105 a barrel on Monday but trading was choppy and prices were pulled both ways by more signs of economic weakness and the perception of an increased risk to Middle East supply after Israeli air strikes on Syria.
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*Israel strikes Syria, says targeting Hezbollah arms. LONDON, May 6- Oil slipped from its highest in nearly a month above $105 a barrel on Monday as fresh signs of economic weakness countered perception of an increased threat to Middle East supply after Israeli air strikes on Syria.
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*Israel strikes Syria, says targeting Hezbollah arms. LONDON, May 6- Oil slipped from its highest in nearly a month above $105 a barrel on Monday as fresh signs of economic weakness countered perception of an increased threat to Middle East supply after Israeli air strikes on Syria.
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DUBAI, May 6- Here are factors that may affect Middle East stock markets on Monday. *Gulf airlines prepare for Boeing's 777 X offering* Gold holds near 2- week high; equities weigh* Libyan parliament bans ex-Gaddafi officials from office* UN warns against escalation after Israeli strikes in Syria* Syrian Sunnis flee coastal town after night of killing.
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MANAMA, May 5- Oman is considering whether to issue a U.S. dollar-denominated sovereign bond, its first international bond since 1997 and its second ever, to facilitate debt sales by its private sector, finance minister Darwish al-Balushi told Reuters. "We want to establish a benchmark," he said on the sidelines of a meeting of Gulf Arab finance ministers in Bahrain.
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MANAMA, May 5- Oman is considering whether to issue a U.S. dollar-denominated sovereign bond, its first international bond since 1997 and its second ever, to facilitate debt sales by its private sector, finance minister Darwish al-Balushi told Reuters. "We want to establish a benchmark," he said on the sidelines of a meeting of Gulf Arab finance ministers in Bahrain.
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0847 GMT- Shares in Abu Dhabi energy firm Dana Gas. Abu Dhabi's benchmark index climbs 0.7 percent to 3,303 points. Dana Gas is already quite advanced in doing the preparatory work, legal and accounting, regulatory and financial, "he said at that time.
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DUBAI, May 5- Here are factors that may affect Middle East stock markets on Sunday. *Israel bombs Hezbollah- bound missiles in Syria- official EGYPT* Egyptian billionaire Sawiris returns home to warm welcome* Tear gas fired as Egyptian Islamists target security HQ* Court jails supporters of black-clad Egypt protest group.
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DUBAI, May 4- Dubai aims to treble its annual income from tourism to 300 billion dirhams by 2020, which would involve doubling the number of its hotel rooms, a senior official said. Most decisions to build hotels would not be made by the Dubai government but by private companies.
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Saudi Basic Industries Corporation, the world's top petrochemicals company, is up 1.66 percent while Saudi Arabia's biggest listed lender, Al Rajhi Bank, is up 0.76 percent. Kingdom Holding closes up 0.88 percent.
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RIYADH, May 4- A subsidiary of Saudi Arabia's Kingdom Holding Co last week agreed to refinance the debt it used to buy London's Savoy Hotel with a new 200 million-pound loan, it said on Saturday. Breezeroad is 50 percent owned by Kingdom, the investment vehicle of billionaire Prince Alwaleed bin Talal.