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  • Oil jumps in Asia on fears Gustav will hit Gulf (AP)

    An oil platform in the Gulf of Mexico. Oil prices rebounded Tuesday on concerns that a strengthened Hurricane Gustav could damage energy facilities in the Gulf of Mexico.(AFP/HO/File)AP - Oil prices jumped Friday in Asia to near $117 a barrel on expectations tropical storm Gustav will soon enter the Gulf of Mexico area, home to a quarter of U.S. crude supplies and 40 percent of its refining capacity.



  • UAE's bilateral trade with Sudan growing over 30%
    Dubai ((Gulf News): The UAE is the second-largest investor in Sudan after China with investments of about $7 billion and trade, which is growing at over 30 per cent per year, the Dubai Chamber of Commerce and Industry said yesterday.Sudan's GDP has
  • Oil rebounds on Gulf of Mexico storm worries
    Agence France-Presse SINGAPORE - Oil prices rebounded in Asian trading on Friday as traders kept a close watch on a storm moving toward the Gulf of Mexico and key oil installations, analysts said. New York's main contract, light sweet crude for delivery
  • Russia steps up security of its navy facilities in Ukraine
    MOSCOW, August 28 (RIA Novosti) - Russia's Black Sea Fleet has stepped up security at its facilities in Ukraine to deter possible provocative acts, a senior navy official said Thursday. 'Intelligence reports said authorities and a number of well-known
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