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Asia Top News and Analysis Dubai

  • Members of the Organization of the Petroleum Exporting Countries, such as Saudi Arabia, appear to be reducing production under a global deal to rein in oversupply but it is unclear whether other big producers like Iraq will follow suit. The country's southern oil exports in the first nine days of January held steady near a record high, despite the agreed start of...

  • The country's southern oil exports in the first nine days of January held steady near a record high, despite the agreed start of OPEC cuts on Jan. 1, according to a source and loading data. "The petroleum markets are consolidating at the lower levels reached in Monday trade after doubts emerged over the degree of compliance with OPEC production cuts as Iraqi...

  • *Saudi Arabia, others expected to cut supplies. "I see this as a dead-cat bounce," said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen. Tamas Varga, analyst at London broker PVM, agreed:.

  • *Arabian Cement surges; Beltone upgrades stock to buy. DUBAI, Jan 10- Egypt's stock market rose strongly on Tuesday but foreign funds were net sellers for a second time since the Egyptian pound was floated on Nov. 3. Mohamed El Nabarawy, head of asset management at Egypt's HC Securities& Investment, said foreign funds had been extremely underweight in Egypt for...

  • DUBAI, Jan 10- Airbus has finalised an agreement to sell more than 60 jets to Saudi Arabian budget carrier flynas, according to industry sources, a move that could help the European planemaker keep ahead of Boeing in the annual race for new orders. The A320neo sale would be Airbus's first in the Middle East since Qatar Airways refused deliveries in December 2015...

  • DUBAI, Jan 10- Airbus has finalized an agreement to sell more than 60 jets to Saudi Arabian budget carrier flynas, according to industry sources, a move that could help the European planemaker keep ahead of Boeing in the annual race for new orders. The A320neo sale would be Airbus's first in the Middle East since Qatar Airways refused deliveries in December 2015...

  • DUBAI, Jan 10- Airbus has finalised an agreement to sell more than 60 jets to Saudi Arabian budget carrier flynas, according to industry sources. The order from flynas is expected to cover over 60 A320neo narrow body jets, one of the sources with direct knowledge of the deal told Reuters. An order for 60 A320neos would be worth $6.4 billion at list prices.

  • DUBAI, Jan 10- Airbus has finalized an agreement to sell more than 60 jets to Saudi Arabian budget carrier flynas, according to industry sources. The order from flynas is expected to cover over 60 A320neo narrow body jets, one of the sources with direct knowledge of the deal told Reuters. An order for 60 A320neos would be worth $6.4 billion at list prices.

  • *Saudi Arabia, others expected to cut supplies. "I see this as a dead cat bounce," said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen. Tamas Varga, analyst at London broker PVM, agreed:.

  • *Saudi Arabia, others expected to cut supplies. "I see this as a dead cat bounce," said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen. Tamas Varga, analyst at London broker PVM, agreed:.

  • *Saudi Arabia, others expected to cut supplies. "I see this as a dead cat bounce," said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen. Tamas Varga, analyst at London broker PVM, agreed:.

  • *Saudi Arabia, Abu Dhabi expected to cut supplies. "I see this as a dead cat bounce," said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen. Tamas Varga, analyst at London broker PVM, agreed:.

  • SINGAPORE, Jan 10- Oil edged up on Tuesday on hopes that some planned output cuts agreed by OPEC and other producers would be implemented, recovering some ground from losses the previous day over doubts the reductions would rebalance an oversupplied market. Analysts said the gains on Tuesday came from expectations that some of the cuts planned by the...

  • *Concerns mount that Iraq will not comply with planned cuts. Brent crude futures, the international benchmark for oil prices, were trading at $55.14 per barrel at 0426 GMT, up 20 cents from their last close. Analysts said the small gains on Tuesday came from expectations that some of the cuts planned by the Organization of the Petroleum Exporting Countries and...

  • SINGAPORE, Jan 10- Oil markets on Tuesday were torn between production cuts by major exporters Saudi Arabia and Russia and reports that supplies from other regions including North America, Iraq, and Iran could offset any restraint aimed at curbing a global glut. That came after prices fell around 4 percent the previous session on the back of concerns that rising...

  • SINGAPORE, Jan 10- Oil markets opened on Tuesday torn between production cuts by major exporters Saudi Arabia and Russia and reports showing that supplies from other regions including North America, Iraq, and Iran could offset any restraint aimed at curbing a global glut. That came after prices fell around 4 percent the previous session on the back of concerns...

  • *Airbus delivered well over 680 jets in 2016, data shows. *Deliveries higher than expected after December factory blitz. PARIS, Jan 9- Airbus is set to post an 8 percent rise in deliveries for 2016, beating expectations, after a sprint to the finish line that narrowed the gap with arch-rival Boeing, according to industry experts and records of aircraft movements.

  • MILAN/ PARIS, Jan 9- Alitalia and its shareholders presented their latest business plan to Italy's government on Monday, paving the way for crunch talks with unions over up to 2,000 job cuts that could decide the future of the struggling carrier. Italy's flag carrier approved on Dec. 22 a short-term financing deal and a new strategy, including job cuts, that allowed...

  • *Petrochemical shares weigh on Saudi as Brent near $56. DUBAI, Jan 9- Egypt's main stock index corrected on Monday as local traders booked profits and Gulf markets diverged with United Arab Emirates markets outperforming as traders focused on financial shares while a retreat in oil prices weighed on Saudi Arabian petrochemical producers.

  • DUBAI, Jan 9- Investment Corporation of Dubai, the Dubai government's main investment arm, is likely to issue its planned U.S. dollar-denominated bond this month but has yet to decide whether it will be a sukuk or a conventional bond, sources said on Monday. Dubai Islamic Bank could also be involved should the deal be a sukuk rather than a conventional transaction,...