GO
Loading...

Enter multiple symbols separated by commas

Middle East

More

  • US due to stop managing Afghan airspace by end of June Wednesday, 6 May 2015 | 2:31 AM ET

    KABUL, Afghanistan— The United States is to stop managing Afghan airspace by the end of June after its air-traffic control contract with the government in Kabul expires, a development that could see international airlines forced to cancel flights both into the country and over its territory. Unless a solution— even a temporary one— is found, Afghanistan would...

  • LAUNCESTON, Australia, May 6- It's become an accepted market fact that Saudi Arabia didn't cut oil output last year in the face of sliding prices as the world's biggest crude exporter wanted to maintain market share. This was seen as a sign that Saudi Aramco wants to keep its oil competitive in Asia, while the increase for Europe reflected rising prices for rival...

  • *OPEC set to keep production unchanged at June 5 meeting. *Saudi Arabia keeps prices unchanged for Asian buyers. SINGAPORE, May 6- Oil prices rose more than $1 to fresh 2015 highs on Wednesday, continuing a month-long rally that has been supported by a weaker dollar and a disruption to crude exports from Libya.

  • UNITED NATIONS, May 5- Washington wants to be certain that any nuclear deal between Iran and major powers includes the possibility of restoring U.N. sanctions if Tehran breaks the agreement without risking Russian and Chinese vetoes, a senior U.S. official said on Tuesday. United Nations sanctions and a future mechanism for Iran to buy atomic technology are two...

  • *OPEC set to keep production unchanged at June 5 meeting. Oil bulls have pushed prices higher this week, after a rally of between 20 percent and 25 percent in April, despite a continued build in U.S. crude stockpiles and indications that the OPEC cartel will keep production at current high levels at a meeting next month. The bank raised its average 2015 Brent...

  • UNITED NATIONS, May 5- Iran and world powers are struggling to overcome deep divisions on two core sticking points in talks on a possible nuclear deal: reimposing U.N. sanctions if the Iranians violate the agreement and how Tehran can buy atomic technology, envoys said. The negotiations between Iran, the United States, Britain, France, Germany, Russia, China and the...

  • BEIJING, May 6- Zhang Long made his fortune selling Pu'er fermented tea and handcrafted furniture from the mountains of his native Yunnan Province in southwest China. Last November, the 49- year old entrepreneur, who has no technology background, strode into a Beijing ballroom to pitch his latest made-in- China product: SPGnux, a Linux-based operating system he...

  • *India to build port in Iran to get more trade with CIS and Gulf. NEW DELHI, May 5- India will push ahead this week with plans to build a port in southeast Iran, two sources said, with Prime Minister Narendra Modi keen to develop trade ties with Central Asia and prepared to fend off U.S. pressure not to rush into any deals with Iran. India and Iran agreed in 2003 to develop a...

  • RIYADH, Saudi Arabia— French President Francois Hollande vowed to defend Gulf Arab allies as he announced Tuesday that his country is in talks with Saudi Arabia for business deals worth tens of billions of euros. Hollande made the remarks after a ceremonial meeting in Saudi Arabia's capital, Riyadh, with the heads of state of the six energy-rich countries of the...

  • LONDON, May 5- Saudi Arabia kept June prices for its benchmark Arab Light crude unchanged for Asian buyers, looking to defend market share amid stiff competition, while raising prices for Europe to reflect a price rally in rival grades in recent weeks. It needs to balance its own needs with those of customers across the globe who might ask for too much if it was...

  • *No policy change seen at June 5 OPEC meeting- delegates. *OPEC delegates cite higher prices, stronger oil demand. LONDON/ DUBAI, May 5- OPEC countries are set to maintain current production levels at a meeting next month, three delegates said, as Gulf states continue to focus on market share and a rally in crude prices mutes calls from other members for supply cuts.

  • Sheikh Ahmed bin Saeed Al Maktoum, Emirates' chairman and CEO, said in an interview that several American cities have asked Emirates to launch routes connecting them with its ever-expanding hub in Dubai. He declined to name the potential destinations, citing competitive reasons and confidentiality agreements, but said the Dubai government-backed carrier...

  • LONDON, May 5- European markets were firmer on Tuesday after an extended weekend break, bucking fears of slowing demand from China and despite debt stand-off fears depressing Greek stocks. The European Commission sent positive signals on the economy, saying euro zone economic growth would be stronger than previously expected this year thanks to cheaper oil, a...

  • Compugen reports 1Q loss Tuesday, 5 May 2015 | 8:01 AM ET

    TEL AVIV, Israel _ Compugen Ltd. on Tuesday reported a loss of $6.1 million in its first quarter. The Tel Aviv, Israel- based company said it had a loss of 12 cents per share. Compugen shares have decreased 23 percent since the beginning of the year.

  • Wheat futures edged down to approach contract lows as favourable growing conditions underscored ample global supply, while a new tender by top importer Egypt was expected to show U.S. supplies remained uncompetitive in the Middle East. Soybeans traded almost unchanged as the market steadied after a rally on Monday that had been fanned by interest in soyoil...

  • RIYADH, May 5- After failing for years to win a single order for the Dassault-built Rafale fighter jet, France has scored a string of multi-billion-euro wins in recent weeks and is on a quest for more. Egypt, India and Qatar have all just signed contracts. After signing deals worth some 15 billion euros for a total of 84 aircraft, France now has the United Arab Emirates...

  • *India to build port in Iran to get more trade with CIS and Gulf. NEW DELHI, May 5- India will push ahead this week with plans to build a port in southeast Iran, two sources said, with Prime Minister Narendra Modi keen to develop trade ties with Central Asia and prepared to fend off U.S. pressure not to rush into any deals with Iran. India and Iran agreed in 2003 to develop a...

  • GLOBAL MARKETS-European markets buck China concerns Tuesday, 5 May 2015 | 5:07 AM ET

    *Shanghai index down over 4 percent, more stimulus talk. LONDON, May 5- European markets opened firmer on Tuesday after an extended weekend break, bucking fears of slowing demand from China and despite debt stand-off fears depressing Greek stocks. Britain's FTSE 100 index was up 0.9 percent after a three-day weekend and Germany's DAX rose more than 1 percent,...

  • HONG KONG, May 5- Asian stock markets retreated on Tuesday and the Australian dollar stumbled after the central bank cut interest rates for the second time in four months as the region's growth falters in the face of slowing demand from China. Financial spreadbetters expected European markets to open mixed, with Britain's FTSE 100 likely to open 0.7 percent...

  • DUBAI, May 5- Iraq has requested financial assistance from the International Monetary Fund and agreement may be reached within weeks on a loan of about $800 million, a senior IMF official said. Aid from the IMF could ease the pressure and by increasing investor confidence, help Iraq raise money from other sources. An RFI is a facility created by the IMF to provide...