GO
Loading...

Middle East

More

  • UPDATE 4-Oil slips below $64 as ample supplies weigh Friday, 17 Apr 2015 | 5:14 AM ET

    *OPEC, IEA say OPEC output surges, adding to glut. LONDON, April 17- Oil eased below $64 a barrel on Friday as evidence this week of rising crude supplies from OPEC members outweighed signs of a slowdown in U.S. output and Middle East tensions. A day earlier, the International Energy Agency, which advises industrialized countries, also reported a surge in OPEC...

  • LONDON, April 17- Rolls-Royce said it had won a $9.2 billion order to supply engines for 50 A380 aircraft for Dubai's Emirates airline, providing a boost for the British company after a torrid year of profit warnings. It is the first time the Gulf carrier has ordered Rolls-Royce engines for its superjumbo fleet, the rest of which is powered by Engine Alliance, a...

  • BEIJING, April 17- China does not plan to use either its new Asian Infrastructure Development Bank or Silk Road fund to finance the $46 billion Pakistan-China Economic Corridor, with money to come from both countries instead, a senior diplomat said on Friday. President Xi Jinping's trip to Pakistan next week is expected to focus on the corridor, a planned network...

  • *OPEC says March output up by 810,000 bpd. SINGAPORE, April 17- Brent crude oil prices fell on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut. Dipping output from the United States and other rival producers due to oil prices halving since June last year, increased demand for OPEC's supplies, the...

  • China's Xi Jinping to visit close ally Pakistan Friday, 17 Apr 2015 | 12:43 AM ET

    BEIJING— Chinese President Xi Jinping will visit Pakistan next week to oversee agreements on pipelines, power plants and other projects as part of a massive $46 billion joint development program that Beijing hopes will stabilize its longtime ally's economy and extend China's influence in western Asia. China and Pakistan have long maintained close...

  • Obama, Renzi pledge to focus on threats from Libya Friday, 17 Apr 2015 | 12:41 AM ET

    WASHINGTON— President Barack Obama pledged Friday to work more intensely with Italian Prime Minister Matteo Renzi on threats coming from instability in Libya that have led to an influx of migrants across the Mediterranean. "Given Italy's leadership role across the Mediterranean, the prime minister and I agreed to work together even more intensively to...

  • *OPEC says March output up by 810,000 bpd. SINGAPORE, April 17- Brent crude oil prices fell over a dollar on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut. "The strategy of OPEC to put pressure on the high-cost producers is working, but the individual members seem to have moved off that focus and...

  • Oil prices fall as OPEC production soars Thursday, 16 Apr 2015 | 8:54 PM ET

    *OPEC says March output up by 810,000 bpd. SINGAPORE, April 17- Oil prices fell in early trading on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut. "The strategy of OPEC to put pressure on the high-cost producers is working, but the individual members seem to have moved off that focus and are...

  • SINGAPORE, April 17- U.S. crude futures slipped towards $56 a barrel on Friday as soaring oil production from OPEC members stoked concerns over a global glut, but Middle East tensions kept a floor under prices. It climbed 32 cents to settle at $56.71 the day before, after hitting a 2015- high of $57.42. *Russian President Vladimir Putin said Iran's flexibility over...

  • WASHINGTON, April 16- Iraqi Prime Minister Haidar al-Abadi said on Thursday he had asked for more protection for the Reuters office in Baghdad after the news agency's bureau chief left the country due to threats. Abadi, who has been in Washington meeting with President Barack Obama to seek support in fighting Islamic State militants, said he was seeking more...

  • Boeing sees F/A-18 Middle East export decision soon Thursday, 16 Apr 2015 | 6:05 PM ET

    BRUSSELS, April 16- Boeing Co expects a decision from a Middle East nation on whether to buy its F/A-18 fighter jet within months, the programme's top international sales executive said on Thursday. Speaking in Belgium, where another fighter competition is on the horizon, Howard Berry expressed optimism that Boeing would capture enough domestic and foreign...

  • April 16- Philip Morris International Inc's shares are on track for their best day in over six years after the maker of Marlboro cigarettes raised its full-year profit forecast as it sold more cigarettes at higher prices, especially in Europe. Philip Morris's shares rose as much as 8.3 percent on Thursday, their biggest intraday percentage gain since November...

  • MOSCOW, April 16- President Vladimir Putin tried to reassure Russians over the ailing economy and said Washington wanted "vassals" rather than allies in his annual phone-in on Thursday, but offered no new financial remedies and gave no ground over Ukraine. For nearly four hours, the Russian leader fielded mostly tame questions from across the country on...

  • Saudi Arabia to open stock market to foreigners in June Thursday, 16 Apr 2015 | 10:10 AM ET

    RIYADH, Saudi Arabia— Saudi Arabia's stock market regulator says foreign investors will be allowed to trade shares on the oil-rich kingdom's exchange beginning on June 15. The Capital Market Authority's announcement Thursday has been eagerly awaited by investors seeking to tap into the Arab world's largest economy. Foreign investors outside the...

  • NEW DELHI, April 16- An Indian delegation will visit Iran this week to scout for investment opportunities ahead of an anticipated nuclear deal between the OPEC- member and world powers that would soften sanctions against the country, sources privy to the plan said. India is Iran's biggest oil client after China although its imports from Tehran have declined...

  • LONDON, April 16- Cheap oil has pushed motorists back to their old gas guzzling habits, unexpectedly helping extend record profits and crude processing for refiners around the world. But the rush to cash in led to fears of a storage glut in oil products, and the industry has been bracing for a profitability crash for months due to massive new state-of-the-art...

  • MOSCOW, April 16- President Vladimir Putin said on Thursday Russia's economy could return to growth in less than two years, despite Western sanctions which he said were intended to "contain" his country. In a confident performance during a televised call-in show, Putin sounded defiant and patriotic, assuring viewers that Russia will survive an economic crisis...

  • NEW YORK— Philip Morris International Inc.' s first-quarter profit fell, pressured by a strong dollar. Philip Morris earned $1.8 billion, or $1.16 per share, for the period ended March 31. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.

  • Bible stories and thrillers make Morocco filming choice Thursday, 16 Apr 2015 | 6:16 AM ET

    But while the arched doorways, balconies and furnishings all say Roman-era Israel, the real-life setting is southern Morocco. Viewers in America and elsewhere in the world may not know it but they have seen a lot of Morocco in the past year. "Morocco has also been Somalia numerous times, including in the 2001 film" Blackhawk Down, "and more recently in the 2013" Captain...

  • SYDNEY/ DUBAI, April 16- Dubai's drive to develop its Islamic finance sector is fueling growth of sharia-compliant banking but the benefits are unevenly distributed, with some lenders struggling to compete against burgeoning competition. In 2013, Dubai's government announced plans to turn the emirate into a center for an "Islamic economy" with...