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Source: www.bignewsnetwork.com --- 39 days ago
Saudi Oil Minister Ali al-Naimi arrives at his Vienna hotel ahead of a meeting of the Organisation of Petroleum Exporting Countries (OPEC). Nuaimi refused to be drawn on Thursday on the possibility th... ... Source: news.uk.msn.com --- 30 days ago
Gordon Brown urged Gulf states to pump billions of dollars into struggling economies as he kicked off a tour of the region. The Prime Minister arrived in Saudi Arabia after insisting that Oil-rich nations should up their contributions to the International Monetary Fund. ... Source: news.uk.msn.com --- 29 days ago
Gordon Brown is claiming victory in his efforts to get Gulf states to pump more money into struggling economies. Speaking during a four-day tour of the region, the Prime Minister said he believed Saudi Arabia and other Oil-rich countries would agree to boost their contribution to the International Monetary Fund. ...
Source: news.bbc.co.uk --- 12 days ago
The owners of a Saudi Arabian Oil tanker hijacked by Somali pirates are negotiating a possible ransom, the Saudi foreign Minister has said. ... Source: www.bbc.co.uk --- 13 days ago
Jeremy presents tonight; Kavita Puri is programme producer. Here's her outline of what's on the programme: Spending plans "It used to be you could not insert a Rizla paper between the two parties on tax and spend. But the credit crunch and the recession have blown a chasm between them." That was our economics editor Paul Mason's analysis of the effect on British politics of the Tories ditching their pledge to match Labour's spending from 2010. So the gloves are off. We now have a clear dividing line between the main parties in British politics. It'll be the battleground of the next election. Pirates The Saudi Foreign Minister said the Somali pirates who hijacked an Oil tanker were akin to "terrorists". Yet another ship was hijacked in the Gulf of Aden today. So should there be a comprehensive law of the seas? We were hoping to bring you a pirate in our discussion, but instead we'll be talking to a company that hires private security guards for boats in the Gulf. And we will also be speaking to a managing director whose ship has been hijacked and is currently negotiating with pirates over the ransom. Congo "Never again" was uttered after Rwanda. Hundreds of thousands of people have been displaced in Congo after the last few weeks of fighting. Today the French called for 3,000 extra UN troops. Allan Little, who has travelled extensively in Congo, reports tonight. We have also spoken to Lord Malloch Brown who, wearing his green wristban ... Source: www.moreover.com --- 28 days ago
A global financial crisis will affect Omans Oil and gas development projects and may cause delays, Omani Minister of Oil and Gas Mohammad bin Hamad bin Seif Al-Rumhy said on Monday. Qatar, top Oil exporter Saudi Arabia, the UAE, and three other Gulf ... Source: www.moreover.com --- 30 days ago
British Prime Minister Gordon Brown arrived in Saudi Arabia on Saturday at the start of a tour of Oil-rich Gulf states, hoping to persuade them to give extra funds to help countries hit by the world economic turmoil. Brown was met by Saudi Foreign ...
Source: www.huffingtonpost.com --- 10 days ago
NAIROBI, Kenya — Somali pirates have collected more than $150 million in ransoms over the past year, Kenya's foreign affairs Minister said Friday, calling on ship owners not to pay when their vessels are hijacked. In the past two weeks Somalia's increasingly brazen pirates have seized eight vessels including a huge Saudi supertanker loaded with $100 million worth of crude Oil. Several hundred crew are now in the hands of Somali pirates. "We are advised that in the last 12 months, ransom to the excess of $150 million has been paid to these criminals and that is why they are becoming more and more audacious in their activities," Kenyan Foreign Minister Moses Wetangula said. Saudi Arabia's foreign Minister said Friday that the Saudi government was not and would not negotiate with pirates, but what the ship's owners did was up to them. Meanwhile, the world's largest Oil tanker company warned that it may divert cargo shipments, which would boost costs up to 40 percent. Frontline Ltd., which ferries five to 10 tankers of crude a month through the treacherous Gulf of Aden, said it was negotiating a change of shipping routes with some of its customers, including Oil giants Exxon Mobil, Shell, BP and Chevron. Martin Jensen, Frontline's acting chief executive, said that sending tankers around South Africa instead would extend the trip by 40 percent. Bermuda-based Frontline plans to make a decision whether to change shipping routes within a ... Source: www.aawsat.com --- 13 days ago
ATHENS, Greece, (AP) – Saudi Arabia's foreign Minister condemned the "outrageous" hijacking of a Saudi Oil supertanker by Somali pirates and said Tuesday that his nation would join the international ... Source: www.ameinfo.com --- 12 days ago
Saudi Arabia: Saudi Foreign Minister Prince Saud Al Faisal said his country would support a European-led initiative to step up security in shipping lanes off Africa's east coast, after pirates hijacked one of its supertankers carrying a $100m Oil cargo, reported Reuters. Increasing pirate activity in the Gulf of Aden and Indian Ocean waters off Somalia has driven up insurance costs, forced some ships to go round South Africa instead of through the Suez Canal, and secured millions of dollars in ransoms. The capture of the Sirius Star is one of the most spectacular strikes in maritime history. [AMEInfo.com] ... Source: www.ameinfo.com --- 11 days ago
The Saudi owners of the Sirius Star are negotiating with Somali pirates who have demanded a ransom for the super-tanker carrying $100m of Oil they hijacked over the weekend, reported AFP. Saudi Arabia's foreign Minister, Prince Saud al-Faisal, said countries don't like to negotiate with terrorists or hijackers but the final decision rests with the owners of the ship. ... Source: www.charlotte.com --- 10 days ago
(By JOSEPH MWIHIA, Associated Press Writer) Somali pirates have collected more than $150 million in ransoms over the past year, Kenya's foreign affairs Minister said Friday, calling on ship owners not pay when their vessels are hijacked. In the past two weeks Somalia's increasingly brazen pirates have seized eight vessels including a huge Saudi supertanker loaded with $100 million worth of crude Oil. Several hundred crew are now in the hands of Somali pirates. "We are advised that in the last 12 months, ransom to the excess of $150 million has been paid to these criminals and that is why they are becoming more and more audacious in their activities," Kenyan Foreign Minister Moses Wetangula said. Saudi Arabia's foreign Minister said Friday that the Saudi government was not and would not negotiate with pirates, but what the ship's owners did was up to them. Meanwhile, the world's largest Oil tanker company warned that it may divert cargo shipments, which would boost costs up to 40 percent. Frontline Ltd., which ferries five to 10 tankers of crude a month through the treacherous Gulf of Aden, said it was negotiating a change of shipping routes with some of its customers, including Oil giants Exxon Mobil, Shell, BP and Chevron. Martin Jensen, Frontline's acting chief executive, said that sending tankers around South Africa instead would extend the trip by 40 percent. Bermuda-based Frontline plans to make a decision whether to change ... Source: clipmarks.com --- 29 days ago
clipped by: brightlight4 Clip Source: afp.google.com IMF needs hundreds of billions of dollars more: Brown RIYADH (AFP) — Prime Minister Gordon Brown said the International Monetary Fund (IMF) needs "hundreds of billions of dollars" to help countries at risk of collapsing amid the world financial crisis. Brown, who is in Saudi Arabia, told reporters Saturday during a four-day tour of Gulf states that countries which had benefited from recent high Oil prices could contribute to the plan. Brown, whose struggling premiership has been boosted by his leadership in the financial panic, wants the IMF's 250 billion dollar bailout fund for affected countries to be extended to prevent "contagion" elsewhere. He has not previously indicated the amount of cash by which he believes the IMF, which is set to bail out Hungary, Ukraine and Iceland, needs to boost its coffers. "As long as they play by our rules and operate in a commercial manner, we welcome investment from sovereign wealth funds in the UK," he said. ... Source: www.myrtlebeachonline.com --- 30 days ago
British Prime Minister Gordon Brown said Sunday he expects Saudi Arabia to contribute to the International Monetary Fund's bailout reserves after he promised business leaders in the Gulf that they would have a say in any future new world economic order. Brown is leading calls for Oil-rich Middle Eastern countries to be among the biggest donors to the IMF's coffers, which at $250 billion have already been depleted by emergency cash calls from Iceland, Hungary and the Ukraine totaling some $30 billion. "The Saudis will I think contribute so we can have a bigger fund worldwide," he said after a meeting with Saudi Arabia's King Abdullah late Saturday and business leaders early Sunday. ... Source: www.myrtlebeachonline.com --- 28 days ago
British Prime Minister Gordon Brown said Tuesday he expects Oil-rich Gulf states to pledge money to the International Monetary Fund when world leaders meet in Washington next week. Winding up a four-day tour of the Gulf, taking in Qatar and Saudi Arabia as well as the United Arab Emirates, Brown said his talks with leaders in the region to persuade them to beef up the coffers of the IMF had been successful. "When we come to Washington a few days from now, I believe we will see countries coming together to make their statements about what they contribute," he told reporters after holding talks with Dubai ruler and Emirati Prime Minister Sheik Mohammed bin Rashid Al Maktoum in the Emirates' capital Abu Dhabi. ... Find more results for Saudi Oil Minister on RSSMicro.com |
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AFP - Saudi Oil Minister Ali al-Nuaimi refused to be drawn on Thursday on the possibility that OPEC will announce a cut to its crude production at an emergency policy meeting due here. ...
AP - Saudi Arabia's foreign Minister condemned the "outrageous" hijacking of a Saudi Oil supertanker by Somali pirates and said Tuesday that his nation would join the international effort to eradicate piracy. ...
Telegraph.co.uk Saudi owners 'talking to pirates' BBC News - 1 hour ago The owners of a Saudi Arabian Oil tanker hijacked by Somali pirates are negotiating a possible ransom, the Saudi foreign Minister has said. India destroys pirate ship off Somalia Christian Science Monitor British hostages on hijacked supertanker named guardian.co.uk Bloomberg - The Associated Press - International Herald Tribune - Jerusalem Post all 4,046 news articles ...
WELT ONLINE Somali Pirates Talk Ransom for Supertanker Voice of America - 1 hour ago By Derek Kilner Pirates holding an Oil tanker off the coast of Somalia have begun negotiations over a ransom with the ship's Saudi Arabian owners, according to Saudi Arabia's foreign Minister. UK hostage on Saudi tanker named BBC News Saudi government discussing ransom deal for hijacked tanker Radio Australia Bloomberg - Times Online - Telegraph.co.uk - Reuters UK all 3,752 news articles ...
As the international financial crunch continues to hit Persian Gulf markets, trade at the Kuwait Stock Exchange was halted by a Kuwaiti court ruling today in an effort to curb the slump in the market’s slide, according to Kuwait’s official news agency KUNA . The unprecedented ruling will be maintained until Nov. 17, when the court will review its decision aimed at preventing massive losses among small investors in this rich small emirate, which is the fourth-largest Oil producer in the world. In a first reaction, Kuwait's finance Minister, Mustafa Shimali, said that his government would uphold the ruling but he criticized the court's decision as "dangerous," according to KUNA : "We respect the court ruling and as a government we only have to implement it.... The consequences of this ruling would be dire.... How will those who filed the suit shoulder the consequences?" This comes amid pressing demands from Kuwaiti investors for the government to intervene and stop the big losses in the emirate's stock market, the second largest in the region after that of Saudi Arabia. The Kuwaiti bourse has been trading at 40-month lows. Last month, Kuwaiti investors demonstrated for four days in a row, calling for government intervention to stop the bleeding in the market, which has seen about $100 billion wiped off its value since late June, according to Agence France-Presse . Observers say that investors in the gulf region are panicking b ...