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Iraq says needs $12-20b capital to up oil output 
Daily Times - Jun 09 4:27 PM
ISTANBUL: Iraqis new oil minister said on Friday his country needed investment of $12 billion to $20 billion to raise oil production to 6 million barrels per day (bpd), and a new investment code would be approved this year. Iraq needs $12-20 billion of investment to raise oil production toSave to My Web

Oil firms open wallets for reserves access 
Daily Times - Jun 10 4:43 PM
LONDON: Oil firms are paying millions of dollars more to governments to get access to oil and gas fields, a further sign that record oil prices are shifting the balance of power towards owners of reserves. Competition for resources is driving up signature bonuses companies pay up front forSave to My Web

Australia sets up grant facility for South Asia 
Daily Times - Jun 08 4:31 PM
Staff Report ISLAMABAD: The government of Australia has established a grant facility at the Asian Development Bank (ADB) to undertake project activities in South Asia with an initial contribution of 11 million Australian dollars (US$8.5 million). According to an ADB statementSave to My Web

SECP warns against manipulations at bourses 
Daily Times - Jun 09 4:29 PM
Staff Report ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) said on Friday it had been monitoring the stock market movement and trading data for the past two weeks, which showed that some brokers could have indulged in manipulative practices. A statement ofSave to My Web