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Today's Date: 29 July 2015
Last Updated: 28 July 2015 22:17:09 EST
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Cars pass by the Business Bay Tower in Dubai, United Arab Emirates. The U.A.E. has slashed gasoline subsidies, announcing Tuesday that it will raise the cost of a liter of regular gasoline
The United Arab Emirates, OPEC’s third- biggest producer, will raise unleaded gasoline prices by 24 percent next month when it becomes the first country in the oil-rich Persian Gulf to remove subsidies on transport fuel.
BP reported a second-quarter loss Tuesday after the London-based oil company set aside another $10.8 billion to cover the cost of the Deepwater Horizon accident.
A roundup of local business briefs.
Samina Akram left her job at Merrill Lynch International Bank six years ago to start her own consultancy in London specializing in Shariah-compliant finance. Now she’s seeking to empower women in male-dominated Islamic banking.
Jamaica has forged a deal to retire $3 billion in oil debts to Venezuela thanks to bond sales.
 
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