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
UAE. The Company posted a net profit of AED40.1 million for the first half of 2010, compared with a profit of AED 32.1 million for the first half of 2009.
INTERNATIONAL. Top investment banks in the GCC that seek to overcome their challenges and make the most out of untapped market opportunities will emerge stronger in the years to come.
UAE. The two projects are already creating critical medical capacity in a city without enough doctors, and helping match skills to available jobs on the local economy.
UAE. Key government figures overseeing waste management in the UAE, Oman, Bahrain and Yemen have confirmed that they will speak at the upcoming Middle East Waste Summit.
UAE. DP World is examining a strategy to place new shares with a simultaneous rights issue and a sale of some of the controlling 77% stake held by its parent company, Dubai World.
LEBANON. The second phase of an innovative project to propel the efforts of local nonprofits working to improve the standing of women in the Middle East and North Africa region will be launched in Beirut, Lebanon today.
SAUDI ARABIA. Saudi Arabia affirmed its support for the government of Yemen at the High Level Conference on Yemen in London, convened 27 January by British Prime Minister Gordon Brown.
KUWAIT. 'Thomas International Middle East', which will be dedicated to providing consultation services utilising Thomas International Systems' psychometric tests and job profiling assessments.
INTERNATIONAL. An al Qaida group based in Yemen claimed responsibility for the failed attempt to bring down Northwest Airlines Flight 253 as photographs showing the underwear filled with explosives worn by alleged bomber Umar Farouk Abdulmutallab were broadcast by ABC News.
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.
INTERNATIONAL. The triangle pattern has taken nearly 9 months so far, and a move over US$19.50 could start a multi-month run targeting US$26-US$29 per ounce for starters before a broad pullback.
UAE. Given the recent developments in Saudi Arabia and India, there is now a greater level of hope that the TRA and RIM will reach an agreement about the manner in which BB Messenger services are provided.
UAE. GCC Telecom markets are on the verge of saturation, while prices decline due to increasing competition, resulting in telcos profits being under very high pressure.
INTERNATIONAL. Masood Ahmed, Director of the IMF's Middle East and Central Asia Department, described the flooding as a "human catastrophe that is still evolving." Reconstruction costs expected to run into billions of dollars.
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