Middle East
featured
Stocks, oil and gasoline prices rose to new milestones to close out the week. The Dow hit the 14,000 for the first time since 2007, Brent crude futures are at a 4-month high, and gas prices at the pump on average are at the highest price on record for this time of year. CNBC's Sharon Epperson looks ahead to how far gas prices could climb over the next few weeks.
» Read More
More
-
BAGHDAD, Feb 3- Foreign investors bought more than two-thirds of Iraqi mobile operator Asiacell's $1.35 billion share sale, with parent Qatar Telecom expected to have increased its stake.
-
MUNICH, Feb 3- The United States is enjoying an energy bonanza thanks to shale gas, making it a magnet for industry, reducing import dependence and challenging Europe as it battles to dig itself out of recession, energy officials say. As Europe continues to debate it, North America is reaping the advantages, "said Jorma Ollila, Chairman of Royal Dutch Shell.
-
*Dubai aims to "set the tone" for rest of world. DUBAI, Feb 3- Dubai aims to become a top global centre for Islamic bonds by introducing more detailed standards that ensure issuance and trading obey not only the letter but also the spirit of Islamic rules, a securities market official said.
-
DUBAI, Feb 3- A director of commodity trading giant Glencore on Sunday questioned the conversion of corn into ethanol biofuel, saying it can contribute to higher prices.
-
BAGHDAD, Feb 3- A $1.35 billion sale of shares in Iraqi mobile telephone firm Asiacell, the country's first major public offer of equity since the U.S.-led invasion in 2003, was fully subscribed, the stock exchange said on Sunday.
-
MOSCOW, Feb 2- Lower output from TNK-BP's mature fields led to an overall decrease in Russia's crude oil production, the world's largest, which edged down 0.1 percent in January, Energy Ministry data showed on Saturday.
-
"It's inevitable that that's going to be on the table," said Jake Colvin, vice president at the National Foreign Trade Council, which represents major U.S. exporters such as Boeing Co, Microsoft Corp and Caterpillar Inc..
-
Stocks, oil and gasoline prices rose to new milestones to close out the week. The Dow hit the 14,000 for the first time since 2007, Brent crude futures are at a 4-month high, and gas prices at the pump on average are at the highest price on record for this time of year. CNBC's Sharon Epperson looks ahead to how far gas prices could climb over the next few weeks.
-
*Facebook games platform to publish 10 titles. SAN FRANCISCO, Feb 1- When nWay began a trial of its dark, sci-fi combat game "ChronoBlade" on Facebook last year, the San Francisco- based startup felt sure it had a hit on its hands.
-
The European Commission this week said it was putting on hold transfers of money due to Poland for road projects, which could add up to about 5 billion euros, because it wants assurances the alleged fraud could not be repeated on other projects in Poland, the biggest recipient of European Union funds.
-
NEW YORK, Feb 1- Major world stockmarkets rose to their highest levels in nearly two years on Friday helped by manufacturing and employment data indicating the global economic recovery is on track.
-
*U.S. and European stocks get a lift, MSCI world index higher. The MSCI world equity index was up 0.4 percent, having strengthened earlier on factory activity surveys for January in China and in the euro zone, which increased optimism over the global growth outlook. "
-
NEW ORLEANS-- Tidewater Inc., which operates an offshore drilling fleet, said on Friday that its third-quarter net income fell 12 percent because of special charges. The company earned $29.9 million, or 61 cents per share, for the quarter that ended Dec. 31. That was down from $34.1 million, or 67 cents per share, during the same period a year earlier.
-
LONDON, Feb 1- Brent crude oil rose above $116 on Friday to reach a four-month high after a suicide bombing attack on the U.S. embassy in Ankara increased the focus on tension across the region. Brent futures for March rose $1.18 to a high of $116.73 a barrel, its highest since mid-September, before easing back to around $116.25 by 1500 GMT.
-
JOHANNESBURG, Feb 1- An external committee appointed by African mobile phone group MTN to investigate claims by rival Turkcell of corrupt dealings in Iran has dismissed the allegations as "a fabric of lies, distortions and inventions".
-
Feb 1- Beam Inc reported a smaller-than-expected decline in fourth-quarter earnings and gave an optimistic 2013 forecast as it benefits from strong demand for bourbon and growth in emerging markets.
-
The company earned $126.3 million, or 79 cents per share, up from $88.5 million, or 56 cents per share, in the same quarter last year. Revenue excluding excise taxes rose 11 percent to $709.1 million, from $637.5 million, beating Wall Street predictions of $706.2 million.
-
LONDON, Feb 1- Spot Brent prices are at their highest level since October and almost $16 above Saudi Arabia's theoretical target of around $100 per barrel. "Current high oil prices are a major challenge... for the global economic recovery," the International Energy Agency's chief economist Fatih Birol warned on Thursday.
-
*MSCI World up as PMIs point to global expansion. LONDON, Feb 1- The dollar fell and world stocks gained on Friday as fresh economic data signalled that the euro zone's downturn has eased and China's growth was on track, but moves were limited as investors await a U.S. jobs report. MSCI's world equity index added 0.5 percent to stay close to its best level since May 2011.
-
Feb 1- Beam Inc reported a smaller-than-expected decline in fourth-quarta9742reuff. On a net basis, the maker of Jim Beam, Maker's Mark and Knob Creek bourbons said on Friday that earnings were $126.3 million, or 79 cents per share, in the fourth quarter, up from $88.5 million, or 56 cents per share, a year earlier.