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  • NEW YORK, Jan 26- A new wave of experimental cancer drugs that directly recruit the immune system's powerful T cells are proving to be immensely effective weapons against tumors, potentially transforming the $100 billion global market for drugs that fight the disease. But top oncology researchers are concerned about the two emerging technologies, citing...

  • *European Central Bank easing boosts global emerging markets. *Abu Dhabi's FGB jumps ahead of Q4 results. DUBAI, Jan 25- Stock markets in the United Arab Emirates and Qatar were mixed in low-volume trade on Sunday as most countries in the Middle East closed their bourses following the death of Saudi Arabia's King Abdullah.

  • Every January, Dubai is decked out in lights, banners and roadside ornaments heralding the event. Dubai, one of seven federal states in the United Arab Emirates, has far smaller oil reserves than the capital Abu Dhabi, and its economy relies heavily on retail, tourism and international trade. Russian travel operators in Dubai reported a sharp drop in the number of...

  • ISLAMABAD— A massive blackout struck Pakistan early Sunday, leaving as much as 80 percent of the country without electricity at its height as officials rushed to restore power. A militant attack on a transmission tower in the southwestern Baluchistan province caused the blackout, said Zafaryab Khan, a spokesman for the Ministry of Water and Power.

  • ISIS claims beheading of Japanese hostage Saturday, 24 Jan 2015 | 3:32 PM ET
    An armed motorcade belonging to members of Derna's Islamic Youth Council, consisting of former members of militias from the town of Derna, drive along a road in Derna, eastern Libya October 3, 2014.

    Japan expressed outrage at an image that purported to show the decapitated body of one of two Japanese hostages captured by ISIS.

  • Obama to cut short India trip to pay call on Saudi Arabia Saturday, 24 Jan 2015 | 12:22 AM ET

    WASHINGTON— President Barack Obama will cut short his three-day trip to India to travel to Saudi Arabia to pay respects following the death of King Abdullah, U.S. and Indian officials said Saturday, hours before the U.S. president was to depart for New Delhi. White House spokesman Josh Earnest said the president and first lady Michelle Obama would travel to...

  • It's downhill for US after Saudi king dies: Experts Friday, 23 Jan 2015 | 1:38 PM ET

    The Saudis ultimately want higher oil prices, Again Capital partner John Kilduff tells CNBC after the death of King Abdullah.

  • BUENOS AIRES, Jan 23- Argentina suspects rogue agents from its own intelligence services were behind the death of a state prosecutor investigating the deadly 1994 bombing of a Jewish community center in Buenos Aires. He had been scheduled to appear before Congress on Monday to answer questions about his allegation that President Cristina Fernandez...

  • *Saudi-led OPEC focus set to stay on retaining market share. LONDON, Jan 23- Brent crude oil rose on Friday after the death of Saudi Arabia's king added to uncertainty in oil markets, although the new ruler indicated immediately there would be no policy change. Brent crude rose to a high of $49.80, up $1.28 a barrel, before easing to around $49.20 by 1515 GMT.

  • DUBAI, Jan 23- Saudi Arabia's new King Salman was quick to keep veteran oil minister Ali al-Naimi on Friday in a message aimed at calming a jittery energy market mindful of Naimi's powerful role within the OPEC group of oil-exporting countries. The 79- year-old Naimi has been a leading figure in the market for two decades and successfully argued in November that...

  • Saudi Prince Alwaleed: Yemen in complete turmoil  Friday, 23 Jan 2015 | 9:43 AM ET

    Prince Alwaleed bin Talal, Kingdom Holdings chairman, shares his thoughts on how lower oil prices are creating instability in the Middle East.

  • Saudi Prince: We'll never see $100 oil again  Friday, 23 Jan 2015 | 9:35 AM ET

    Prince Alwaleed bin Talal, Kingdom Holdings chairman, shares his thoughts on his uncle's legacy, and denies his country is punishing U.S. frackers.

  • *King Salman faces biggest economic challenge since global crisis. Saudi Arabia can no longer throw money at problems in same way. King Salman, who took the throne in the early hours of Friday after the death of his brother King Abdullah, inherits an economy that faces its biggest challenge since the global financial crisis in 2009..

  • NEW YORK— McDonald's isn't lovin' it, and it's going to do something about it. The world's largest hamburger chain reported falling earnings and sales for its fourth quarter on Friday and says it is going to take action this year to save money and bring customers back. But the fast-food giant said its problems won't be fixed overnight: It expects sales to remain weak...

  • *Was subject of al Qaeda assassination bid. RIYADH, Jan 23- Saudi Arabia's Interior Minister, Prince Mohammed bin Nayef, a close friend of the United States and a scourge of Islamist militants, will be the country's first king from the third generation of its ruling dynasty. By sending an assassin to try to kill Prince Mohammed when he was Saudi security chief in...

  • By appointing his youngest half-brother Muqrin, 69, as Crown Prince and nephew Mohammed bin Nayef, 55, as Deputy Crown Prince, Salman has swiftly quelled speculation about internal palace rifts at a moment of great regional turmoil. Salman, thought to be 79, takes over as the ultimate authority in a country that faces long-term domestic challenges compounded...

  • *Was subject of al Qaeda assassination bid. RIYADH, Jan 23- Saudi Arabia's Interior Minister, Prince Mohammed bin Nayef, a close friend of the United States and a scourge of Islamist militants, will be the country's first king from the third generation of its ruling dynasty. By sending an assassin to try to kill Prince Mohammed when he was Saudi security chief in...

  • RIYADH, Jan 23- Saudi Arabia's new King Salman appointed a grandson of the founding monarch into the line of succession for the first time on Friday, moving fast after the death of King Abdullah to quell fears of dynastic instability at a time of regional turmoil. Mohammed bin Nayef becomes the first grandson of the kingdom's founding monarch, King Abdulaziz,...

  • *Driven by U.S. companies and some cost cutting in Europe. Chief executives, bankers and investors gathering at the World Economic Forum in Davos, Switzerland, said they expected U.S. companies to take advantage of a rising dollar and robust growth at home to strengthen their position in global markets. "There are always great opportunities in the aftermath of a...

  • DAVOS, Switzerland, Jan 23- Jordan's King Abdullah has pulled out of the World Economic Forum in Davos, Switzerland, early following the death of Saudi Arabia's King Abdullah. The early departure of Jordan's king forced the forum to change a session at which he was due to speak on Friday about Middle East security. The forum, which gathers 2,500 political and...