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  • DUBAI, June 29- An assault on a Tunisian resort, which killed 39 people, has sent holidaymakers fleeing and dealt a major blow to the country's tourism industry, but the broader economy should be robust enough to withstand the shock. European tour operators are evacuating thousands of tourists after Friday's attack by a lone militant on a beach in Sousse and many...

  • DUBAI, United Arab Emirates— An indebted Dubai real estate developer says it will repay more than half a billion dollars in money owed to banks and trade creditors as part of its financial restructuring. The state-controlled company, Limitless, said Monday that more than 90 percent of the $564 million it will repay will go toward its bank debt, which represents 42...

  • Kurdistan ramps up independent oil sales Monday, 29 Jun 2015 | 9:43 AM ET

    ANKARA/ ARBIL, June 29- Iraq's semi-autonomous Kurdistan region has ramped up independent oil sales since mid-June while cutting allocations to Iraq's state oil firm SOMO in an escalating dispute over export rights and budget payments. June became the first month of large independent sales since December last year, when Kurdistan agreed a deal with Baghdad...

  • *Investors shun riskier assets on Greece fears. *Oil market also eyeing Iran nuclear negotiations. LONDON, June 29- Oil fell more than $1 to around $62 per barrel on Monday, touching its lowest in three weeks, as Greece shut its banks and imposed capital controls, causing investors to flee from riskier assets and darkening the demand outlook.

  • LONDON, June 29- Trading house Trafigura has sold half its stake in three Spanish copper and zinc mines to Abu Dhabi investment company Mubadala as part of a joint venture they are setting up to invest in base metals mining, the companies said on Monday. Sources close to the deal said it valued the mines business at around $1.4 billion, meaning Mubadala would be...

  • JOHANNESBURG, June 29- Packed tightly at a row of graffitied desks in an overcrowded classroom, students at Masiqhakaze Secondary School near Johannesburg shiver as a chilly breeze blows through broken windows. In a 2015 report the World Economic Forum ranked South Africa last in the quality of mathematics and science education and close to last at 139 out of...

  • *Investors shun riskier assets on Greece fears. *Oil market also eyeing Iran nuclear negotiations. LONDON, June 29- Oil fell more than $1 to below $62 per barrel on Monday, its lowest in three weeks, as Greece shut its banks and imposed capital controls, causing investors to flee from riskier assets and darkening the demand outlook.

  • VIENNA, June 29- A final deal to resolve the Iranian nuclear dispute could heighten domestic political tensions with two major elections looming in the Islamic Republic, analysts and officials said. Easing economic sanctions if a deal is reached will bolster President Hassan Rouhani's position within Iran's complex power structure bringing a political...

  • *Investors shun riskier assets on Greece fears. LONDON, June 29- Oil fell more than $1 to below $62 per barrel on Monday, its lowest in three weeks, as Greece shut its banks and imposed capital controls, causing investors to flee from riskier assets and darkening the demand outlook. The European Central Bank froze funding support to Greece's banks after bailout...

  • Iran nuclear talks expected to miss deadline Monday, 29 Jun 2015 | 4:37 AM ET
    Street scene next to Taleghani Station in Tehran, Iran.

    Crucial nuclear talks with Iran in Vienna are likely to extend beyond the self-imposed deadline of Tuesday, the FT reports.

  • Solar Impulse plane en route to Hawaii from Japan Monday, 29 Jun 2015 | 1:13 AM ET

    TOKYO— A solar-powered plane took off from Japan early Monday to attempt a five-day flight over open water to Hawaii, the eighth leg of its bid to fly around the world without fuel. From Hawaii, it is to continue on to Phoenix, then hopscotch across the United States and the Atlantic to Europe, before returning to Abu Dhabi. Borschberg originally left Nanjing, China,...

  • *Investors eyeing Iran nuclear negotiations. TOKYO, June 29- Oil prices fell on Monday, with U.S. crude dipping below $59 per barrel to an almost three-week low, after Greece imposed capital controls as lenders refused to extend the country's bailout. Brent crude was down 79 cents at $62.47 a barrel by 0505 GMT, after rising 6 cents to $63.26 a barrel on Friday.

  • Oil markets await Iran nuclear talks Monday, 29 Jun 2015 | 12:43 AM ET
    Oil markets await Iran nuclear talks

    If the nuclear talks produce a historic breakthrough, Iran might bring an additional 400,000 barrels of oil per day from October, says Scott Darling, regional head of oil and gas research at JP Morgan.

  • Iran talks likely to blow past deadline: Officials Sunday, 28 Jun 2015 | 5:16 PM ET
    Secretary of State John Kerry (left) and Iranian Foreign Minister Javad Zarif

    U.S. and Iranian officials said talks on a final accord would likely run past a June 30 deadline.

  • VIENNA, June 28- Iran is backtracking from an interim nuclear agreement with world powers three months ago, Western officials suggested on Sunday, as U.S. and Iranian officials said talks on a final accord would likely run past a June 30 deadline. Securing an historic agreement would end a more than 12- year nuclear standoff between Iran and the West and open the...

  • *Zarif to return to Vienna on Monday. Iranian Foreign Minister Mohammad Javad Zarif was to leave Vienna and return to Tehran for consultations with the country's leadership on the state of negotiations, Iran said. "Zarif will return to Tehran tonight and will come back to Vienna tomorrow," Iran's Tasnim news agency said, citing an unnamed Iranian official.

  • BANNU, Pakistan, June 28- Air strikes killed at least 20 suspected militants in Pakistan's northwestern Shawal Valley on Sunday, intelligence officials said, more than a month after security forces moved in on Pakistani Taliban strongholds in the region. The deeply forested ravines are a smuggling route between Pakistan and neighbouring Afghanistan, and are...

  • *Accounting changes to increase 2014 loss to 1.745 bln riyals. DUBAI, June 28- Saudi Arabia's Etihad Etisalat will book further losses for 2014 after a regulator-led investigation into accounting errors at the company, it said in a statement on Sunday. The Capital Market Authority launched an investigation into the firm last November after Mobily, 28 percent...

  • PARIS, June 28- European Union foreign policy chief Frederica Mogherini said on Sunday it was not impossible to get a deal between world powers and Iran over its nuclear programme but said tough days lay ahead as a self-imposed June 30 deadline nears. The main differences are on the pace and timing of sanctions relief for Iran in return for its steps to restrain...

  • China to have largest share in AIIB, followed by India. SHANGHAI/ BEIJING, June 28- One of China's biggest ever foreign policy successes will take concrete shape on Monday when delegates from 57 countries sign an agreement on the Asian Infrastructure Investment Bank in Beijing. The multilateral institution, seen as a rival to the Western-dominated World Bank...