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  • DUBAI, Oct 4- HSBC Holdings Plc is to significantly scale back the scope of its global Islamic banking operations, as the business becomes the latest area to be affected by a wider restructuring at the UK- based bank.

  • EADS-BAE merger could be hostage to U.S. politics Thursday, 4 Oct 2012 | 12:33 AM ET

    WASHINGTON/ LONDON, Oct 3- To win approval for their planned $45 billion merger, EADS and BAE systems must persuade Washington to let a pan-European behemoth control some of the most sensitive U.S. defence contracts, without triggering a political backlash.

  • DUBAI, Oct 4- An Islamic trade association in Iran strongly condemned the protests that flared in Tehran's main bazaar as an enemy conspiracy and said traders had dealt with the "treacherous" acts, Iran's state news agency reported late on Wednesday.

  • SINGAPORE, Oct 4- U.S. crude held near $88 a barrel in Asia on Thursday after plunging more than 4 percent the day before, with data from the euro zone and China heightening worries about economic growth and oil demand. was up 5 cents at $88.19 a barrel by 0013 GMT.

  • KHOBAR, Saudi Arabia, Oct 3- Top oil exporter Saudi Arabia has raised its Arab Light crude price for Asian buyers in November by 90 cents, its state-owned company Saudi Aramco said on Wednesday.

  • Iran tightens grip to stem currency fall Wednesday, 3 Oct 2012 | 4:07 PM ET

    TEHRAN, Iran-- Iranian authorities used aggressive measures Wednesday in an attempt to halt the nosedive of the country's currency, making arrests, vowing to stamp out sidewalk money changers and warning merchants against fueling the mounting public anger over the economy.

  • By Yeganeh Torbati and Marcus George. DUBAI, Oct 3- Riot police clashed with demonstrators and arrested money changers in Tehran on Wednesday in disturbances over the collapse of the Iranian currency, which has lost 40 percent of its value against the dollar in a week, witnesses said.

  • Med Crude-Urals strengthens in Surgut tender Wednesday, 3 Oct 2012 | 1:59 PM ET

    Oil firm Surgut was believed to have awarded its tender for three cargoes from the Baltic port of Primork to Shell, Repsol and Litasco with prices of the prompt cargo pegged at around dated Brent minus $1.7 per barrel. Later cargoes were believed to be sold at dated Brent minus $1.50, some 20 cents stronger than prices earlier this week.

  • By Yeganeh Torbati and Marcus George. DUBAI, Oct 3- Riot police clashed with demonstrators and arrested money changers in Tehran on Wednesday in disturbances over the collapse of the Iranian currency, which has lost 40 percent of its value against the dollar in a week, witnesses said.

  • MIDEAST STOCKS-UAE hits new peaks on property sentiment Wednesday, 3 Oct 2012 | 10:24 AM ET

    DUBAI, Oct 3- Dubai's bourse hit its highest level in five months, while Abu Dhabi's index ended at a fresh 14- month high, as confidence in the reviving local property market boosted real estate stocks.

  • KHASAB, Oman, Oct 3- The fibre-glass skiffs hurtle across the water at break-neck speed, skirting the rocky cliffs on the last leg of the perilous journey from Iran to the sleepy backwaters of Oman's Musandam peninsula.

  • UPDATE 3-Seadrill looks to move from Norway, CEO quits Wednesday, 3 Oct 2012 | 10:00 AM ET

    *Seadrill may move to London, Singapore.

  • Dubai's Emaar to develop housing projects in Iraq Wednesday, 3 Oct 2012 | 9:53 AM ET

    DUBAI, Oct 3- Dubai's Emaar Properties will set up a new joint venture with the Iraqi government to develop housing in the war-torn country, Iraq's construction and housing minister said on Wednesday. Nine years after the United States invaded Iraq to topple Saddam Hussein, there are signs that foreign investment in the country is finally building momentum.

  • DUBAI, Oct 3- Riot police clashed with demonstrators and foreign exchange dealers in Tehran on Wednesday over the collapse of the Iranian currency, which has lost 40 percent of its value against the dollar in a week, witnesses said.

  • *Strong demand for deal; order books over $6 billion. DUBAI, Oct 3- Qatar Islamic Bank, the Gulf Arab state's largest sharia-compliant lender, returned to global debt markets after two years with a $750 million Islamic bond sale on Wednesday, tapping into strong liquidity for regional issuers.

  • Dubai builders revive shelved plans amid recovery hopes Wednesday, 3 Oct 2012 | 8:21 AM ET

    *Cityscape projects include $1 bln Taj Mahal replica. DUBAI, Oct 3- Developers unveiled billion-dollar projects and new high-end residential developments at Dubai's Cityscape property show this week, as optimism returned to the emirate's battered real estate sector.

  • DUBAI, Oct 3- Iranian riot police clashed on Wednesday with demonstrators and foreign exchange dealers in the capital Tehran over the collapse of the country's currency, which has lost a third of its value against the dollar in a week, witnesses said.

  • SINGAPORE, Oct 3- Asia's fuel oil market remained depressed on Wednesday, with the prompt inter-month spread easing to a four-month low on weak demand, and further exacerbated by heavier arbitrage supply flows into Asia. -India's Hindustan Petroleum Corp Ltd.

  • DUBAI, Oct 3- Iranian riot police clashed on Wednesday with demonstrators and exchange dealers in the capital Tehran over the collapse of the rial, which has lost a third of its value against the dollar in a week, witnesses said.

  • DUBAI, Oct 3- Qatar Islamic Bank, the Gulf Arab state's largest sharia-compliant lender, will return to global debt markets after two years on Wednesday with a new five-year sukuk, taking advantage of strong liquidity for regional issues.

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