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  • LONDON, July 13- A bailout deal for Greece and Chinese shares' bounce to two-week highs helped lift emerging stocks by 1 percent on Monday, with the sharpest gains seen in eastern Europe. Euro zone leaders agreed on a roadmap to a possible third bailout for Greece after night-long haggling, sparking gains on equity and peripheral bond markets, even though the deal...

  • For Indians, paper gold can't beat the real thing Sunday, 12 Jul 2015 | 5:00 PM ET

    MUMBAI, July 13- India is meeting stiff resistance in its drive to make the buying of gold jewellery more transparent and to channel demand into paper gold to stop the metal being used to hide billions of dollars of undeclared' black money'. To track larger gold deals, this year's budget declared that, from June 1, customers would have to disclose their tax code, or...

  • *Abdullah al-Turifi to retire- sources. ABU DHABI/ DUBAI, July 9- The chief executive of the United Arab Emirates stock market regulator, Abdullah al-Turifi, is set to retire, four sources familiar with the matter said on Thursday, with the move possibly happening as early as the next few weeks. Turifi, thought to be in his late 50 s or early 60 s, has served since 2003 as...

  • Canadian law firm Gowlings, Britain's WLG to merge Wednesday, 8 Jul 2015 | 8:42 AM ET

    TORONTO, July 8- Canadian law firm Gowlings has agreed to merge with Britain's Wragge Lawrence Graham& Co LLP in a deal that could lead to further international expansion, the two firms said on Wednesday. It will have more than 1,400 lawyers in Canada, the United Kingdom, Europe, Asia and the Middle East. Both operate in the United Kingdom, Russia and China, but Gowlings...

  • DUBAI, July 8- Arabtec, the largest construction company in the United Arab Emirates, has accepted the resignation of three senior members of staff as part of a reorganisation, it said on Wednesday. The three were Iyad Abdalrahim, group chief financial officer; Yazan Hatamleh, group chief human resources and administration officer; and Wassel al-Fakhoury, group...

  • DUBAI, July 7- Prominent United Arab Emirates businessman Abdullah Ahmad al-Ghurair has donated more than $1 billion- a third of his business empire- to a foundation supporting education in the Arab world, a move highlighting growing philanthropy among the Middle East rich. The establishment of the Ghurair foundation comes days after Saudi Arabia's Prince...

  • Bent crude dived more than 6 percent on Monday to around $56 a barrel, pressured by the Greek debt crisis and volatility in China's stock markets, before recovering to around $57 on Tuesday. The 25- day correlation between Brent crude and Dubai's stock index has stayed below 0.3 for most of the time since the start of the June. Qatar slipped 0.3 percent as Barwa Real...

  • LAUNCESTON, Australia, July 2- One of the little mysteries this year in Asian oil markets has been the drop in China's diesel exports. Customs data show that China exported 1.303 million tonnes of diesel in the first five months of the year, a drop of 24 percent over the same period in 2014.. It would seem logical that they would have done so as diesel margins have held...

  • South Korea turns to cheap spot crudes as glut grows Thursday, 2 Jul 2015 | 1:05 AM ET

    SEOUL, July 2- Refiners in South Korea, the world's fifth-largest crude oil importer, have stepped up spot purchases this year, buying at prices depressed by an oil glut as they run their plants at high rates to catch strong processing margins. "Refining margins are firm thanks to rising demand triggered by weak oil prices, which has supported higher throughput...

  • DUBAI, July 1- Dubai- based Investbridge Capital, Centum Investment Company and education firm SABIS Holdings have agreed to set up a firm which will invest "hundreds of millions of dollars" establishing schools in Africa, the group said on Wednesday. "We expect to deploy hundreds of millions of dollars in the coming years," Mark DeSario, chief executive of...

  • *Heathrow plan provides greatest benefits, commission says. Proposals to expand Heathrow in densely populated west London are politically divisive and likely to fuel tensions in the ruling Conservative party. Cameron set the deadline after a government-appointed commission selected Heathrow, Britain's busiest airport, as the preferred location for...

  • DUBAI, June 30- Dubai said it would construct a small office building using a 3 D printer for the first time, in a drive to develop technology that would cut costs and save time as the city grows. Dubai's one-storey prototype building, with about 2,000 square feet of floor space, will be printed layer-by-layer using a 20- foot tall printer, Mohamed Al Gergawi, the...

  • SINGAPORE/ LONDON, July 1- A decade after China kicked off a series of gold market reforms, plans to establish a yuan price fix mark one of Beijing's biggest step so far to capitalise on the country's position as the world's top producer and a leading consumer. While no immediate threat to the gold pricing dominance of London and New York, the benchmark could...

  • JOHANNESBURG, June 29- Packed tightly at a row of graffitied desks in an overcrowded classroom, students at Masiqhakaze Secondary School near Johannesburg shiver as a chilly breeze blows through broken windows. In a 2015 report the World Economic Forum ranked South Africa last in the quality of mathematics and science education and close to last at 139 out of...

  • *Accounting changes to increase 2014 loss to 1.745 bln riyals. DUBAI, June 28- Saudi Arabia's Etihad Etisalat will book further losses for 2014 after a regulator-led investigation into accounting errors at the company, it said in a statement on Sunday. The Capital Market Authority launched an investigation into the firm last November after Mobily, 28 percent...

  • VIENNA, June 26- An accord to curb Iran's nuclear program remains elusive due to disagreements on fundamental issues, France's foreign minister said on Saturday in Vienna, just days before the June 30 deadline for a deal. "What we want is a robust deal that recognizes Iran's right to civil nuclear power, but guarantees that Iran gives up definitively the nuclear...

  • Significant differences remain, notably over the pace and timing of sanctions relief for Iran and the nature of monitoring mechanisms to ensure Tehran does not cheat on any agreement. In addition to Iran and the United States, the talks include Britain, China, France, Germany and Russia. The West fears that Iran has been trying to build a nuclear weapon but Iran...

  • June 25- One week after Saudi Arabia opened its stock market to direct foreign investment, U.S. mutual fund managers say they are interested but not rushing to invest in the Middle East's biggest economy. Foreign fund inflows are slower than initially expected, in part because U.S. fund companies like Fidelity and Harding Loevner are digesting numerous...

  • ZURICH, June 25- Union Bancaire Privee plans to cut between 60 and 110 jobs initially after buying the international business of wealth manager Coutts from Britain's Royal Bank of Scotland, a source familiar with the matter told Reuters on Thursday. The Geneva- based private bank run by Guy de Picciotto, the son of the founder, hopes the deal will bolster business...

  • ZURICH, June 25- Union Bancaire Privee plans to cut between 110 and 160 jobs initially after buying the international business of wealth manager Coutts from Britain's Royal Bank of Scotland, a source familiar with the matter told Reuters on Thursday. The Geneva- based private bank run by Guy de Picciotto, the son of the founder, hopes the deal will bolster business...