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  • *Dana Gas' $920 mln convertible Islamic bond matures Oct. 31. DUBAI, Oct 30- Dana Gas is set to become the first United Arab Emirates company to fail to pay an Islamic bond on maturity, three sources familiar with the matter said on Tuesday, sending its stock and bond prices sharply lower.

  • *Most states have enough savings, $1.6 trillion in 2011. DUBAI, Oct 29- Most Arab oil exporting countries in the Gulf should plan to reduce growth in government spending to make their budgets more sustainable, as their combined surplus could turn into a deficit around 2017, the International Monetary Fund said on Monday.

  • WASHINGTON, Oct 25- Raytheon Co, maker of Patriot missiles, radar and other military equipment, reported higher-than-expected quarterly earnings on Thursday despite a 1 percent drop in revenues, and it raised its forecast for 2012 earnings.

  • Iran looks to Silk Road ties in time of sanctions Wednesday, 24 Oct 2012 | 2:36 AM ET

    DUBAI, United Arab Emirates-- In back-to-back Asian summits this month, Iran's president made sure to carve out special time to look east. At one gathering in Azerbaijan, Mahmoud Ahmadinejad reminded the president of Kazakhstan about the vision of a railway linking the heart of Central Asia with Iran's warm ports.

  • The top world oil producers at a glance Tuesday, 23 Oct 2012 | 2:44 PM ET

    A four-year boom in U.S. oil production is accelerating so fast it could help soon make the U.S. the world's top producer of oil and liquid hydrocarbons. The U.S. passed Russia this year, and is now second behind Saudi Arabia. Source: U.S. Energy Information Administration.

  • Investors Sell Kuwait Stocks as Thousands Protest Monday, 22 Oct 2012 | 12:04 PM ET
    Investors Sell Kuwait Stocks as Thousands Protest

    Protests in Kuwait, a country with the world's sixth largest oil reserves has been hit by protests and a sell-off in the stock market.

  • Airstrikes in northern Syria kill at least 43 Thursday, 18 Oct 2012 | 10:40 AM ET

    BEIRUT-- Syrian warplanes hammered a strategic city captured by rebels, leaving behind scenes of carnage captured Thursday on amateur videos that showed a man holding up two child-sized legs not connected to a body and another carrying a dismembered arm.

  • The money came on the initiative of the " Deauville Partnership," which was formed after uprisings last year in Tunisia, Egypt and Libya ended decades-long dictatorships. The partnership includes the Group of Eight major nations as well as oil producers from the Middle East, including Saudi Arabia and Kuwait.

  • KBR gets Army logistics contract Thursday, 11 Oct 2012 | 6:14 PM ET

    HOUSTON-- Defense contractor KBR Inc. said Thursday that it has been picked as one of the main contractors on a project that gets Army equipment ready for deployment. KBR said that as the prime contractor, it will be able to bid on individual task orders from the Army.

  • *Aabar stake falls to zero from 3.07 pct on Oct. 5. FRANKFURT, Oct 11- Abu Dhabi's sovereign wealth fund Aabar sold its remaining 3.07 percent stake in Daimler worth about 1.25 billion euros on Oct. 5, the German carmaker said in a regulatory filing on Thursday.

  • KUWAIT/ RABAT, Oct 11- Morocco's King Mohammed is to make a rare official tour of Gulf Arab countries later this year as his cash-strapped government seeks alternatives to its crisis-hit European trade partners. The monarch will also travel to Saudi Arabia, the United Arab Emirates, Kuwait, Bahrain, Qatar and Oman, Jarallah said.

  • UPDATE 1-Morocco's king plans Gulf tour - officials Thursday, 11 Oct 2012 | 3:16 AM ET

    KUWAIT, Oct 11- Morocco's King Mohammed plans to tour Gulf Arab countries in the next few weeks to discuss investment and bilateral relations, a senior Kuwaiti official said on Thursday. King Mohammed will travel to countries in the Gulf Cooperation Council, which comprises Saudi Arabia, the United Arab Emirates, Kuwait, Bahrain, Qatar and Oman, Jarallah said.

  • Morocco's king plans Gulf tour - Kuwait official Thursday, 11 Oct 2012 | 2:41 AM ET

    KUWAIT, Oct 11- Morocco's King Mohammed plans to tour Gulf Cooperation Council countries in the next few weeks to discuss investment and bilateral relations, a senior Kuwaiti official said on Thursday. King Mohammed is expected to visit Kuwait as part of the tour in October or November, he said.

  • Abu Dhabi's Aabar sells entire stake in Daimler Thursday, 11 Oct 2012 | 12:50 AM ET

    FRANKFURT, Oct 11- Abu Dhabi's sovereign wealth fund Aabar sold the remainder of its 3.07 percent stake in Daimler on Oct. 5, the German automotive group said in a regulatory filing on Thursday.

  • *Euro crisis has hit Morocco hard. KUWAIT/ RABAT, Oct 11- Morocco's King Mohammed will make a rare tour of Gulf Arab countries before the end of the year as his cash-strapped government tries to drum up investor interest in a sovereign bond.

  • FEATURE-Marriage loses its sparkle in Kuwait Wednesday, 10 Oct 2012 | 10:00 AM ET

    KUWAIT, Oct 10- In a luxury hotel suite, away from prying eyes, twenty Kuwaiti female guests at a traditional wedding party segregated by the sexes watch the men via a video link. "The most important thing now is getting a university degree," said Noora al-Jaber, 28, who married seven years ago.

  • DUBAI, Oct 9- Saudi Arabia's benchmark slumped to a fresh 10- week low on Tuesday as investors fretted that a gloomier outlook for the global economy would lead to lower oil receipts for the world's top crude exporter.

  • Asia Naphtha/Gasoline-Naphtha intermonths recover Tuesday, 9 Oct 2012 | 8:56 AM ET

    SINGAPORE, Oct 9- The Asian naphtha price rebounded to a five-session high of $965 a tonne on Tuesday, with the intermonth premium recovering to reach $12.00 a tonne as demand from South Korea returned.

  • "Our countries have exerted major efforts to restore global oil market stability, a feat that has actually been achieved," Saudi Oil Minister Ali al-Naimi told a meeting of Gulf Arab energy ministers in Riyadh.

  • RIYADH, Oct 9- Saudi Arabia is satisfied that oil prices have fallen to a level that does not hamper global growth, Saudi Oil Minister Ali al-Naimi said on Wednesday, signalling success in a Gulf Arab effort to keep oil prices under control despite a halving of Iranian exports because of Western sanctions.