 | Qatar moves to take 55%
Oger Telecom stake QATAR, eager to boost its footprint in
Turkey, has made a takeover approach to the
majority owner of Oger Telecom, which
owns a controlling stake in Turk Telecom,
sources familiar with the matter said.
Qatar has directly approached Saudi ...
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| | Saudi Arabia ready to cover
any oil shortages: Naimi |
 SAUDI Arabia can meet any
future world oil shortages
thanks to massive investment,
and its rising gas output
will mean crude exports
will not be affected by booming
domestic energy demand,
Oil Minister Ali al Naimi said
on Monday.
Growing tension between
Iran and the West over the
Islamic Republic´s nuclear
programme has led to fears
of a disruption in oil supplies
from the Middle East Gulf.
The United States and
European Union have raised
pressure on Iran with sanctions
and a ban on Iranian
oil, while Tehran has said it
may cut off supplies to some
unspecified countries.
Saudi Arabia is best placed
to make up for any shortfall
in oil supply ... |
| | Asian airlines to gain as Myanmar opens up |  SOUTHEAST Asian carriers
are set to profit from the
expected surge in the number
of leisure and business
travellers to Myanmar as it
re-emerges from political
isolation, but poor infrastructure
is likely to slow
development.
The former Burma, one of
the most isolated countries
in Asia, is being welcomed
back into the international
fold after two decades of
sanctions, thanks to democratic
reforms including the
release of political prisoners
by President Thein Sein.
Thai Airways
International, SilkAir,
AirAsia, and JetStar have
flown to Myanmar´s capital
Yangon for a number of
years and are seen as the
main beneficiaries from ... |
| | China to make Shanghai
global yuan hub by 2015 |
 CHINA intends to establish
Shanghai as the global centre
for yuan trading, clearing
and pricing over the next
three years as part of broader
plans to make the commercial
hub an international
financial centre by 2020.
The plan for Shanghai´s
financial innovations through
2015, published jointly by the
country´s economic planning
agency and the Shanghai government
on Monday, set goals
on a wide range of areas aimed
at further developing
Shanghai, though some analysts
said many of them
appeared ambitious.
"This anticipated pace of
development looks a bit quick
to me," said Frances Cheung,
a strategist at Credit Agricole
in Hong Kong ... |
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