Morning Round-Up – Standard Chartered & Iran, Egypt fuel

Standard Chartered accused of hiding $250 billion of transactions with Iranian government – shares StanChart fell 15% yesterday.

Egypt’s ministry of petroleum will provide $1.8 million in fuel reserves for 10 days – Al Ahram, Arabic

Foreign investors face hurdles doing business in Libya – N.B., this Financial Times article quotes Husni Bey

Air Arabia, the UAE budget carrier, said second quarter profit rose 31 per cent

National Bank of Abu Dhabi, the UAE’s biggest lender by market value, prices $750 million, 7-year bond taking advantage of favourable market conditions

The UAE has unveiled tighter rules for funds aimed at tightening light-touch regulation

Brent hovers above $109 on Eurozone stimulus hopes, Middle East tension

 




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