CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.» Read More
AMMAN, March 12- Turmoil in Ukraine is driving Middle Eastern grain buyers to shy away from striking new deals there and to consider rival suppliers, a shift that is likely to push up import bills.
KUWAIT, March 12- A diplomatic rift between Qatar and three other Gulf Arab countries had no effect on a meeting of Gulf central bank governors on Wednesday, the region's first high-level gathering since the dispute, host Kuwait said.
*In discussions with potential partners in Dubai, Singapore. MUMBAI, March 12- India's biggest jewellery retailer Titan Co Ltd hopes to start exports in the next fiscal year to perk up sales that have been dampened by the country's strict curbs on gold imports, a senior company official said on Wednesday.
U.S. crude dropped 64 cents to $99.30 a barrel by 0034 GMT, after settling $1.09 down at $100.03, its lowest since Feb. 11. *Ukraine's government appealed for Western help on Tuesday to stop Moscow annexing Crimea but the Black Sea peninsula, overrun by Russian troops, seemed fixed on a course that could formalise rule from Moscow within days.
NEW DELHI, March 11- India has to cut its Iranian oil imports by nearly two-thirds from the first quarter after the United States asked it to hold the shipments at end-2013 levels, in keeping with the nuclear deal easing sanctions on Tehran, Indian government sources said.
The Islamic militant Hamas, which rules Gaza, distributes the salaries of 40,000 government employees through post offices. Hamas says it made streets safe after seizing Gaza in 2007. But it is also struggling with a cash crisis because of a tightened border blockade by Egypt.
BEIRUT-- Syria's health care system is on the brink of collapse, with medics forced to engage in "brutal medical practices" in order to save lives: knocking out patients with metal bars because of lack of anesthesia, or amputating infants' limbs for lack of other ways to treat their injuries, an international charity organization said in a report published on Monday.
*$40 bln contract is one of largest in Middle East. DUBAI/ CAIRO, March 10- A $40 billion deal for Dubai firm Arabtec to build one million homes in Egypt may mark the start of politically-inspired Gulf investment in the country's creaking infrastructure, from housing to transport, power generation and agriculture.
*BASF's Wintershall, Mikhail Fridman, MOL still in the race- sources. With operations in 14 countries including Germany, Britain, Norway and Egypt, DEA employs nearly 1,400 and accounted for about 9 percent of RWE's operating profit last year.
March 10- McDonald's Corp on Monday reported a bigger-than-expected drop in comparable global sales for February, hurt again by slow business in the United States. McDonald's Chief Financial Officer Pete Bensen said in a press release that the unchanged global comparable sales so far this year "will pressure margins" in the first quarter.
March 10- McDonald's Corp on Monday reported a bigger-than-expected drop in comparable global sales at established restaurants for February, hurt by competition and bad weather that battered U.S. sales. In Europe, which has edged out the United States as the company's biggest revenue market, restaurant sales last month rose 0.6 percent.
"Europe is about three years behind the United States. The recovery both in the macroeconomy and stock prices is lagging, that's why U.S. investors are coming in now, "said Joseph Oughourlian, CEO of London- based hedge fund Amber Capital.
DUBAI, March 9- Dubai's non-oil trade expanded 7.6 percent last year, slowing from 13 percent growth in 2012, but the emirate's trade with Iran stabilised despite U.S. economic sanctions, according to Dubai customs data released on Sunday.
MUMBAI, March 8- Malaysia Airlines, the operator of Flight MH370 that went missing en route from Kuala Lumpur to Beijing on Saturday, has established a record as one of the Asia-Pacific's best full-service carriers in terms of safety and service despite some recent financial problems.
MUMBAI, March 8- Malaysia Airlines, operator of Flight MH370 that went missing en route from Kuala Lumpur to Beijing on Saturday, has established a record as one of the Asia-Pacific's best full-service carriers in terms of safety and service despite some recent financial problems.
NEW YORK, March 7- Friday's stronger-than-expected payrolls report did more than ease concerns about U.S. economic fundamentals- it also seemed to justify Wall Street's record levels, suggesting the market's uptrend could continue.
March 7- Network security company FireEye Inc and its investors sold a second round of shares to the public on Friday to finance expansion and cash in on enthusiasm for its offerings. FireEye priced the follow-on public offering of 14 million shares at $82 per share, raising about $460 million.
With proven oil reserves of 340 billion barrels, the world's second-largest behind the Middle East, Latin America is trying to attract foreign capital for Colombia's onshore and offshore blocks as well as Argentina's large unconventional resources and Mexico's fast-track energy reforms.
With proven oil reserves of 340 billion barrels, the world's second-largest behind the Middle East, Latin America is trying to attract foreign capital for Colombia's onshore and offshore blocks, Argentina's large unconventional resources and Mexico's fast-track energy reform.
LONDON, March 7- Women in the world of finance must not be scared to look further afield if opportunities at their current employer dry up. "I became very frustrated, so I left," says Javary, who 20 years later now advises BNP Paribas' most senior clients and coordinates the bank's corporate finance team in Europe, Middle East and Africa.