Anonymous sources
Trade Arabia
Apple 'plans iPhone with bigger screen' - Trade Arabia
Early production of the new screens has begun at three suppliers: Korea's LG Display Co, Sharp Corp and Japan Display, a source said. It is likely all three of the screen suppliers will get production orders from Apple, which could begin as soon as ...
Dubai sukuk 'enough for budget gap, refinancing' - Trade Arabia
Proceeds from Dubai's new $1.25 billion, two-tranche Islamic bond provide enough funds for the emirate to manage its budget deficits and refinancing plans, a senior government official said. Dubai priced on Wednesday a $600 million 5-year tranche at ...
Politicisation 'hurting Gulf Air performance' - Trade Arabia
"Even Saudi Arabia and the UAE, which have major political differences with Iran, fly to Tehran," the source said. Most key management figures at Gulf Air hope that funding will come through very soon, along with a credible vision for future growth.
Bahrain's budget deficit up 5-fold in 10 years - Trade Arabia
Bahrain's budget deficit has increased up to five-fold in the last 10 years, a senior government official said, adding that in 2002 the figure stood at 1.8 per cent and is expected to reach around 9.7 per cent this year. Finance Minister Shaikh Ahmed ...
Umm Wual phosphate project viable: Maaden - Trade Arabia
Investment is estimated to be $5 billion, said an industry source who declined to be identified. Maaden would mine the Al Khabra deposit in Umm Wual, 40 kilometres northeast of Turaif. State oil giant Saudi Aramco is considering developing new gas ...
Gulf Capital to buy key stake in consulting firm - Trade Arabia
Abu Dhabi-based private equity firm Gulf Capital is in the final stage of acquiring close to 80 percent of regional consultancy firm Reach Group, two sources close to the transaction told Reuters. Gulf Capital will be closing the transaction during the ...
Aramco to boost number of oil drilling rigs - Trade Arabia
Half of the addition will be for Manifa, an industry source who declined to be identified told Reuters, as Aramco expedited plans to bring the 900000 barrels per day (bpd) oil field on line by 2014. "The plan is to increase rigs by the second quarter, ...
Saudi oil output hits 9.4mbpd in Oct - Trade Arabia
"The market is well balanced so that's why production is almost the same as September," said the source who declined to be named. Saudi Oil Minister Ali al-Naimi said in early June the kingdom would produce all the oil needed after Opec talks over a ...
Iraq, Shell to sign $12bn gas deal - Trade Arabia
Iraq will sign a final contract with Royal Dutch Shell on Tuesday for a $12-billion project to capture flared gas at southern oil-fields, two sources close to the deal said on Sunday. Iraq's oil ministry, Shell and Japanese project partner Mitsubishi ...
Kipco picks banks for dinar bond - Trade Arabia
Kuwait Projects Co (Kipco), the country's largest investment company, has mandated NBK Capital and Kipco Asset Management for a Kuwaiti dinar bond, a source close to the matter said on Tuesday. The source, who declined to be identified, ...
Dhow tragedy survivors fear payouts delay - Trade Arabia
'We went to the court, where they told us that a translation was needed, but as I am Bahraini I spoke to the judge in Arabic,' said one of the witnesses, who declined to be named. 'We waited and waited for a translator for the British man but one ...
Workers protest over Bahrain travel ban - Trade Arabia
"We came to Bahrain to work and support our families by paying a huge amount of money," said one of the workers, who asked to remain anonymous. "We signed a contract in India through an agent and it said we were supposed to get BD100 per month. ...
Saudi studies public transport options - Trade Arabia
Saudi Arabia has undertaken a key study which looks at alternative public transport to relieve traffic congestion in major cities, a senior government official said. Metro trains and luxury coaches were being considered, said Minister of Municipal and ...
GM cancels luxury plug-in hybrid-sources - Trade Arabia
While two of the sources said the plans could still be revived on a future platform, they and two others familiar with the matter said engineers involved had been reassigned to other projects. The Cadillac plug-in shared much of the same technology ...
Bapco sells 100000 T naphtha - Trade Arabia
State-owned Bahrain Petroleum Company (Bapco) has sold two 50000 tonne cargoes of naphtha for June loading, trade sources said on Monday, in one of its biggest sales since the refinery underwent a major turnaround in February. ...
Bahrainis allowed to cross causeway - Trade Arabia
The man, who declined to be named, said officials allowed him to enter the causeway after mentioning that the situation was reported in the GDN. 'They then allowed me to cross after almost 10 days of stopping me from entering the country,' said the ...
Saudi exports steady with 9m bpd output - Trade Arabia
Saudi Arabia has produced just under 9 million barrels per day (bpd) in March, but its exports have not increased and any spare crude has been put into storage, industry sources said on Monday. One source put production at 8.8 million bpd and another ...
UAE central bank to curb personal loans, fees - Trade Arabia
Uniform charges will be viewed positively by customers,' said the banker, who asked not to be named. The central bank set details of processing charges and fees that banks can charge for loans and credit and debit cards among other items.
Iraq expects $30bn in 2011 investment - Trade Arabia
... agriculture and housing projects accelerate now that the country has formed a new government, a senior government official said on Tuesday. ...
Bahrain to hike Mumtaz petrol price by 20pc - Trade Arabia
The proposal, which is now being discussed in government circles, could take effect within next few weeks, said the official, who requested anonymity. ...
UAE telecom retailer Axiom eyes 2010 IPO - Trade Arabia
"It is a company that has a nice equity story, it will be seen as a good model," said a banker who did not want to be identified. ...
Jordan has enough wheat stocks for 6 months - Trade Arabia
The official, who requested anonymity, told Reuters the kingdom, facing higher import bills due to a surge in global grain prices, had around 350000 tonnes ...
Bahrain 'won't ban BlackBerry' - Trade Arabia
... its Gulf neighbours in banning BlackBerry services because security fears do not outweigh the technological benefits, a senior government official said. ...
Saudi seals 'deal on BlackBerry services' - Trade Arabia
The Saudi regulatory official, who declined to give his name, said tests were under way to determine how to install the server inside the Kingdom. ...
Saudi to spend $1.6bn on six industrial parks - Trade Arabia
... and hand out contracts worth up to $1.6 billion to equip them as part of efforts to diversify the economy away from oil, a government official said. ...