Iran
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Rotana CEO Selim El-Zyr discusses business opportunities in Iraq and Iran, both of which he says have "huge untapped potential".
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*Copper at 8- month low, gold at 9- month bottom. NEW YORK, April 3- The commodities selloff that began at the outset of the second quarter deepened on Wednesday as weak U.S. jobs and services data dented recovery hopes in the world's No. 1 economy, sending oil, metals and crop prices tumbling with stocks. Copper lost about 1 percent, after touching an eight-month low.
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*Gold down more than 1 pct in commodities selloff. NEW YORK, April 3- Gold tumbled to a nine-month low on Wednesday, losing more than 1 percent as plummeting crude oil prices and sharp losses in U.S. equities triggered a sell-off in assets across the board.
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CARACAS, April 3- Venezuela's acting President Nicolas Maduro and opposition leader Henrique Capriles square off in an April 14 vote to succeed late leader Hugo Chavez. *Maduro entered politics in 2000 as a legislator in the National Assembly, where his combative defense of Chavez's policies made him one of the president's proteges.
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NEW DELHI, April 3- India plans to set up a fund of up to 20 billion rupees to back local insurers in offering cover to refiners who process Iranian crude, three government sources said, as sanctions discourage global reinsurers from taking on the risk.
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Uwe Parpart, Managing Director, Head of Research at Reorient Financial Markets says North Korea restarting the uranium enrichment plant could lead to collaboration with Iran.
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*Naval planner says suitable system to cost $700 million. ASHDOD, Israel, April 1- Israel's huge new offshore gas resource offers its enemies an obvious target and gives its navy, long overshadowed by other branches of the Israeli armed forces, a big job that will require extra spending.
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*Saudi Arabia predicts robust demand from Asia. NEW YORK, April 1- Brent crude rose above $111 a barrel in choppy trading on Monday as Saudi Arabia predicted robust demand from Asia, while U.S. crude prices fell as a pipeline leak in Arkansas threatened to increase the glut of oil in the U.S.
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A dramatic shift in how energy is being produced and consumed around the world could lead to far-reaching changes in the geopolitical order.
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LONDON/ SINGAPORE, April 1- Brent crude eased below $110 a barrel on Monday after Chinese manufacturing data missed market expectations, signalling the potential for slower demand growth in the world's second-largest oil consumer.
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DUBAI, April 1- Iran's inflation rate has climbed above 30 percent under the impact of international economic sanctions, according to figures released by the government's statistics centre.
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NEW YORK, April 1- Brent crude rose in choppy trading on Monday as a weaker dollar provided support, while U.S. crude prices fell as a pipeline leak in Arkansas threatened to increase the glut of oil in the U.S.
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ISTANBUL, March 29- Turkey exported almost $120 million worth of gold to Iran in February, data showed, suggesting the two countries' trade of gold for natural gas has resumed despite tighter U.S. sanctions, though at levels below last year's peaks.
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*Bombs strike in Baghdad, Kirkuk in north. BAGHDAD, March 29- Car bombs hit five Shi'ite mosques in Baghdad and the northern Iraqi city of Kirkuk just after prayers on Friday, killing 19 worshippers and injuring another 130..
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SEOUL/ WASHINGTON- North Korea put its missile units on standby on Friday to attack U.S. military bases in South Korea and the Pacific, after the United States flew two nuclear-capable stealth bombers over the Korean peninsula in a rare show of force.
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LONDON, March 28- OPEC crude oil output is on course to reach its lowest since October 2011 this month as unrest in Libya, pipeline leaks in Nigeria and Iraqi export disruptions weigh on supplies, a Reuters survey found on Thursday.
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UNITED NATIONS-- The first global treaty on regulating the multimillion-dollar arms trade appeared to be nearing consensus, supporters said, though worries remained that Iran, India or other countries would back off an agreement that requires approval from all 193 United Nations member states.
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UNITED NATIONS, March 27- United Nations members on Wednesday were close to a deal on the first international treaty to regulate the $70 billion global conventional arms trade, though delegates and rights groups said India, Iran or others could still block agreement.
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*Demand for foreign currency remains high in Syria. AMMAN, March 27- A pledge by Syria's central bank on Sunday to take action to support the pound is already looking hollow, raising speculation the authorities may no longer be willing to burn up reserves defending the currency.
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*Demand for foreign currency remains high in Syria By Suleiman Al-Khalidi. AMMAN, March 27- A pledge by Syria's central bank on Sunday to take action to support the pound is already looking hollow, raising speculation the authorities may no longer be willing to burn up reserves defending the currency.
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RIYADH, March 27- Saudi Arabia's customs authorities have thwarted an attempt to smuggle over 3,260 metric tonnes of refined petroleum products out of the country's Gulf port of Dammam, the official Saudi Press Agency reported.