YEMEN. The Norwegian oil explorer DNO released on Wednesday the company's latest results from its Godah no 6 well located in Block 32, Yemen, where the company has a 38.95% working interest.
DNO said the Godah no 6 development well has been drilled to a total measured depth of 1,752 metres and completed as a producing Qishn S1-A oil well. Godah no 6 was drilled at a location approximately 1,000 metres East of the Godah no 2. Godah no 6 is currently producing 2,548 barrels of oil per day (gross) and 27 barrels per day of water from a 4 metre interval in the Qi
SAUDI ARABIA. Saudi jets and ground forces blasted Yemen rebel positions along the two countries' rugged frontier to "neutralise" infiltrators who had crossed over and killed a Saudi border guard.
UAE. Oil exporters in the Middle East and North Africa region are expected to increase their international reserve positions by over US$100 billion in 2010 as oil prices rebound, the IMF said on Sunday.
YEMEN. The Central Bank of Yemen said oil revenues for the first seven months of 2009 fell to US$803.4 million from US$3.1 billion during the same period in 2008.
UAE. The UAE's Dana Gas and Crescent Petroleum have announced they signed a memorandum of understanding with Yemen to set up a "gas city" in the country.
INTERNATIONAL. The United Nations World Food Programme (WFP) is urgently appealing to partners for additional support to help the agency address critical levels of hunger and malnutrition in Yemen.
YEMEN. An Airbus from Yemen's national airline with 153 passengers and crew members on board crashed in the Indian Ocean just before it was due to land in the Comoros Islands.
YEMAN. Authorities in Yemen said an international warship carrying out anti-piracy patrols in the Red Sea has opened fire on a Yemeni fishing boat, killing two men on board.
YEMEN. Some 35 people drowned after one of two smugglers' boats carrying more than 220 passengers across the Gulf of Aden from Somalia capsized off the coast of Yemen.
YEMEN. A Yemeni court yesterday condemned an Islamist to death for establishing contact with Israeli Prime Minister Ehud Olmert and offering to collaborate with the Jewish state.
YEMEN. At least seven Africans drowned over the weekend when the smugglers' boat they were travelling in capsized shortly after docking in the Yemeni port of Aden.
INTERNATIONAL. A majority of investors expects the US Federal Reserve to hold off from raising interest rates until the second half of 2010, according to the BofA Merrill Lynch Survey of Fund Managers for November.
INTERNATIONAL. Faber said, considering the size of the stimulus packages and the monetary printing, the US economy hasn't responded well. What have responded well are asset markets but unemployment is horrrible and the typical household is suffering.
INTERNATIONAL. The global health industry is worth around US$4.2 trillion. As GCC countries continue to develop world class healthcare systems, they must avoid pitfalls of the developed markets, according to AT Kearney.
UAE. Dubai ruler Sheikh Mohammed Bin Rashid Al-Maktoum tightened the control of the emirate's largest holding company, the Investment Corporation of Dubai.
UAE. Dubai ruler Sheikh Mohammed Bin Rashid Al-Maktoum tightened the control of the emirate's largest holding company, the Investment Corporation of Dubai.
INTERNATIONAL. This situation gives rise to increasingly positive prospects for gold and other commodities that may ultimately stand in as the world's reserve currency. And there are some pretty hot speculative prospects - Louis' 'best of the best' - waiting in the wings for the market's next big leg down.
INTERNATIONAL. Trend Micro survey reveals 14 % respondents have no confidence in their company's IT security, 57% of the regions business have actually had two or more virus attacks in the past six months alone.
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