Middle East
Financial News
U.A.E. Shares Gain, Led by Dana Gas, Emaar Properties: Persian Gulf Stocks Shares in the United Arab Emirates rose for a third day, paced by Dana Gas PJSC, a natural-gas production and distribution company, and Emaar Properties PJSC.
Crude Oil Trades Little Changed After Rising on U.S. Refinery Disruptions Crude oil was little changed in New York after rising with gasoline yesterday as ConocoPhillips reported disruptions at two refineries on the U.S. East Coast.
Foreign Direct Investment in Syria to Rise 11 Percent, Deputy PM Forecasts Foreign direct investment in Syria will probably increase this year as oil-rich Arab investors put money into real estate, banking and tourism, ignoring U.S. sanctions, the country's deputy prime minister said.
Islamic Arab Insurance Profit Increases 7.5 Percent on Rising Premiums Islamic Arab Insurance Co., the world's largest independent Islamic insurer, said second- quarter profit rose 7.5 percent, helped by rising premiums and investment gains.
Medco of Indonesia, Kuwait Energy Plan Oil Venture With Somali Government PT Medco Energi Internasional, Indonesia's biggest publicly traded oil company by sales, and Kuwait Energy Co. plan a petroleum venture with the Somali government, an executive from the Jakarta-based producer said.
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