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Breaking News Fri, 9 May 2008
Chicago cabbie William Oraka, reflected in pump, fuels up at a downtown station selling regular gasoline for $3.999 Wednesday, May 7, 2008, as oil futures rose to a new record near $124 a barrel
(photo: AP / Nam Y. Huh)
Oil rallies to record $US124
The Australian
| OIL rallied back from early losses overnight to strike a fresh record above $US124 a barrel as strong diesel demand outweighed signs of rising OPEC supplies. | US crude traded up to an all-peak of $US124.61 a barrel in late activity, after settling up 16 cents at $US123.69. London Brent crude rose...
 A forest of cranes have seen at the Dubai Marina, a new fast growing part of Dubai
(photo: AP / Kamran Jebreili)
Middle East among the world's strongest hotel development markets
TravelDailyNews
| The fourth Arabian Hotel Investment Conference (AHIC) ended on a positive note with speakers and delegates unanimous on the strength of the regional hospitality sector, and potential for future growth. Along with India and China, the Middle East was confirmed as one of the global hotspots for the ...
Oil rallies to record $US124
The Australian
| OIL rallied back from early losses overnight to strike a fresh record above $US124 a barrel as strong diesel demand outweighed signs of rising OPEC supplies. | US crude traded up to an all-peak of $US124.61 a barrel in late activity, after settling...
Middle East among the world's strongest hotel development markets
TravelDailyNews
| The fourth Arabian Hotel Investment Conference (AHIC) ended on a positive note with speakers and delegates unanimous on the strength of the regional hospitality sector, and potential for future growth. Along with India and China, the Middle East wa...
'Saudi Arabia of Milk' Hits Production Limits
Wall Street Journal
| ASHBURTON, New Zealand -- As global food costs rise, triggering protests from Egypt to Indonesia, it's clear the world needs more production. What is happening here shows one reason that response may be slow to come. | New Zealand is the Saudi Arab...
Market 'city' costs now BD1bn!
Gulf Daily News
| COSTS of a new BD800 million development in Manama have shot up by 25 per cent in four months due to a rise in construction costs, it was revealed yesterday. The GDN reported earlier this week that soaring demand for building materials had delayed ...
 Camp Fallujah, Iraq (Jan. 6, 2005)  Sen. John Kerry (D-MA) speaks to Marines and Sailors during his visit to Camp Fallujah, Iraq. Kerry visited the 1st Marine Expeditionary Force Command deck, base chow hall and thanked the Sailors and Marines for their
U.S. Marine Corps
With Extreme Prejudice
Wall Street Journal
Remember John Kerry? He was the 2004 Democratic presidential nominee, lauded by his supporters for his intellect and his nuance, as compared with the simpleminded George W. Bush. H...
Members of a delegation from the United Arab Emirates watch the closing ceremony
AP / Rebecca Blackwell
Muslim nations seek change, 'Islamic Renaissance'
Middle East Online
DAKAR - A summit of Muslim nations on Friday agreed on measures to give their group greater global clout, as the head of the world's most populous Muslim country Indonesia called f...
Construction crewmembers work on the derrick of an Amethyst oil rig, Monday, Sept. 23, 2002, in Portland, Maine. The rig, which is one of two being assembled in Portland, is not designed for oil production, but for exploration. (AP Photo/Joel Page)hg
AP Photo / Joel Page
Arabs pump oil wealth into Africa
Gulf News
| Dakar: Centuries before European colonialists carved up Africa, Arab traders marvelled at the profits to be reaped in the fabled lands south of the Sahara. | "In the country of G...
Georgia halts WTO talks with Russia in protest at Moscow's moves toward regions
San Diego
TBILISI, Georgia - Georgia has cut off talks with Russia about Moscow's efforts to join the World Trade Organization, in protest at Russian ties to two breakaway regions, a top negotiator said Tuesday. | Decisions at the 151-member trade bloc are mad...
Paul Vallely: If we prevent Africa feeding itself, no wonder there's a food shortage
The Independent
| Have you noticed that the price of bread has gone up in your weekly supermarket? No, to be honest, neither have I. It's always a good interviewer's trick to ask a politician the price of a pint of milk or a loaf of bread, but the truth is most of u...
Delhi-Manama FTA gains momentum
Bahrain Tribune
K V S Madhav | Senior Business Reporter | The much-awaited Free Trade Agreement between India and the Gulf Cooperation Council elusive for more than a decade was bound to gain momentum this year and likely to be signed in a year's time. | India's Com...
Oil Trading
 Gasoline station - Crude - Oil - Vehicle - Fuel
(photo: WN / Sweet Radoc)
Oil sets new record above $120 a barrel
Canada Dot Com
| LONDON (Reuters) - Oil set a new record high above $120 a barrel for a second day on Tuesday, resuming its advance after a sharp downward move last week. | Supply disruptions in Nigeria, where a strike and attacks by militants hit production, has continued to support a market that is nervous about any threats to supply. | Tensions with Iran appea...
Offshore
Marisa Letcia, o presidente Lula, e o presidente da Petrobras, Jos Sergio Gabrielli
(photo: Ricardo Stuckert / PR )
Crude calculation
The Washington Times
| Brazilian President Luiz Inacio Lula da Silva holds samples of biofuel produced from sugar cane residue at the Petrobras Development and Research Center in Rio de Janeiro in October. | BLOOMBERG NEWS | Brazil's discoveries of what may be two of the world's three biggest oil finds in the past 30 years could help end the West's reliance on Middle E...
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2008.05.09
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