Saturday, April 14, 2007

Qatar National Bank Opens Libya Office to Tap Oil Investments in N. Africa

(Bloomberg) -- Qatar National Bank, the Persian Gulf emirate's largest lender, opened an office in Libya, where Africa's biggest oil reserves are fueling economic growth.

Qatar National now becomes the first Qatari bank to operate in North Africa, acting Chief Executive Officer Ali al-Emadi said in an e-mailed statement today.


Read more at Bloomberg Emerging Markets News

Oil slips as US gov't reassures on gasoline supply

(Reuters) - Oil prices eased slightly on Friday after the top U.S. energy official said he was confident there would be enough gasoline supply to meet peak summer driving demand.

The loss ended a week-long rally of as much as 5 percent that had been driven by worries that a bout of refinery problems in the world's top fuel consumer would lead to a stockpile crunch when motorists hit the road for vacation season.


Read more at Reuters Africa