Business Middle East

  • BAGHDAD, Aug 27- Iraq is willing to play an active role within OPEC to support oil prices but will not sacrifice its goal of expanding market share and will continue to ramp up output, its oil minister said on Saturday. Jabar Ali al-Luaibi, on a visit to the southern oil city of Basra, renewed calls for local and international oil companies in Iraq to increase...

  • NEAR THE STANDING ROCK SIOUX RESERVATION, N.D.— Native Americans from reservations hundreds of miles away from North Dakota have joined the Standing Rock Sioux Tribe's growing protest against a $3.8 billion four-state oil pipeline that they say could disturb sacred sites and impact drinking water for 8,000 tribal members and millions further downstream.

  • BAGHDAD, Aug 27- Iraq is willing to play an active role within OPEC to support oil prices, its oil minister Jabar Ali al-Luaibi said on Saturday, without clarifying whether it was prepared to back a possible agreement to freeze output. Iraq wants to "strengthen OPEC's role in achieving a balance in the oil market," Luaibi added, according to the spokesman, without...

  • *Baghdad needs revenue to finance war against Islamic State. BAGHDAD, Aug 27- Iraq's government would consider selling crude through Iran should talks with the autonomous Kurdish region on an oil revenue-sharing agreement fail, a senior oil ministry official in Baghdad told Reuters. Baghdad would not be able to reroute those volumes to Iran but could order...

  • *Turkey facing hurdles after failed coup, attacks. GARIPCE, Turkey, Aug 26- Turkey opened one of the world's biggest suspension bridges on Friday, the latest megaproject in a $200 billion building spree that President Tayyip Erdogan hopes will secure his place in history. The bridge creates a new link across the Bosphorus Strait, which divides Asia and Europe.

  • NEW YORK, Aug 26- Oil prices rose about 2 percent on Friday after reports of Yemeni missiles hitting Saudi Arabia's oil facilities. Federal Reserve Chair Janet Yellen's comments at an international gathering of central bankers in Jackson Hole. Brent crude futures rose 66 cents to $50.33 a barrel by 10:36 a.m. EDT.

  • GARIPCE, Turkey, Aug 26- Turkey opens one of the world's biggest suspension bridges on Friday, creating a new link between two continents with the latest megaproject in a $200 billion building spree that President Tayyip Erdogan hopes will secure his place in history. The bridge across the Bosphorus Strait, which divides Asia and Europe, is built in the style of...

  • GARIPCE, Turkey, Aug 26- Turkey opens one of the world's biggest suspension bridges on Friday, creating a new link between two continents with the latest megaproject in a $200 billion building spree that President Tayyip Erdogan hopes will secure his place in history. The bridge across the Bosphorus Strait, which divides Asia and Europe, is built in the style of...

  • GARIPCE, Turkey, Aug 26- Turkey opens one of the world's biggest suspension bridges on Friday, creating a new link between two continents with the latest megaproject in a $200 billion building spree that President Tayyip Erdogan hopes will secure his place in history. The bridge across the Bosphorus Strait, which divides Asia and Europe, is built in the style of...

  • GARIPCE, Turkey, Aug 26- Turkey opens one of the world's biggest suspension bridges on Friday, creating a new link between two continents with the latest megaproject in a $200 billion building spree that President Tayyip Erdogan hopes will secure his place in history. The bridge across the Bosphorus Strait, which divides Asia and Europe, is built in the style of...

  • LONDON, Aug 26- Oil eased on Friday, on course for its largest weekly decline in a month after the Saudi energy minister watered down expectations that the world's largest producers might agree next month to limit their output. Brent crude futures were down 6 cents at $49.61 per barrel by 1339 GMT, having recovered from a session low at $49.12.

  • LONDON, Aug 26- Oil fell on Friday and was set for its largest weekly decline in a month after the Saudi energy minister watered down expectations that the world's largest producers might agree next month to limit their output. Brent crude oil futures were down 32 cents at $49.35 per barrel by 1144 GMT, while U.S. Members of the Organization of the Petroleum...

  • People watch on while a speech by Turkey's President Recep Tayyip Erdogan is shown on a big screen in Taksim Square on July 20, 2016 in Istanbul, Turkey. Turkey's president Recep Tayyip Erdogan has announced tonight a three month state of emergency following Friday night's failed coup. Clean up operations are continuing in the aftermath with the death toll now standing at 246 and 1536 wounded.

    In this edition of “Access: Middle East”, CNBC’s Hadley Gamble speaks to the deputy prime minister of Turkey, Mehmet Şimşek.

  • *Members of OPEC meeting in late September. Brent crude oil futures were down 52 cents at $49.15 per barrel by 0917 GMT, while U.S. Members of the Organization of the Petroleum Exporting Countries will meet on the sidelines of the International Energy Forum, which groups producers and consumers, in Algeria Sept. 26-28.

  • *Members of OPEC meeting in late September. International benchmark Brent crude oil prices were trading at $49.46 per barrel at 0658 GMT, down 21 cents from their previous close. Members of the Organization of Petroleum Exporting Countries will meet on the sidelines of the International Energy Forum, which groups producers and consumers, in Algeria from Sept....

  • KUWAIT CITY— Kuwait's Interior Ministry says a government employee has been arrested for spreading Islamic State ideology and hacking social media pages of "some friendly and sister countries." That's a known group of hackers supporting the extremists in Iraq and Syria. The ministry says it had monitored Naif for months and his statements led to the arrest of...

  • What next for Turkey?

    Firas Abi Ali, senior principal analyst at IHS Country Risk, shares his insight into Turkey's geopolitical strategy.

  • *Members of OPEC meeting in late September. International benchmark Brent crude oil prices were trading at $49.40 per barrel at 0632 GMT, down 27 cents from their previous close. Members of the Organization of Petroleum Exporting Countries will meet on the sidelines of the International Energy Forum, which groups producers and consumers, in Algeria from Sept....

  • DUBAI, Aug 26- Iran will help other oil producers stabilise the world market so long as fellow OPEC members recognise its right to regain lost market share, the country' oil minister said on Friday in remarks made ahead of next month's meeting of the oil exporters group. Iran, OPEC's third-largest producer, boosted output after Western sanctions were lifted in...

  • DUBAI, Aug 26- Iran will help other oil producers stabilize the world market so long as fellow OPEC members recognize its right to regain lost market share, the country' oil minister said on Friday in remarks made ahead of next month's meeting of the oil exporters group. Iran, OPEC's third-largest producer, boosted output after Western sanctions were lifted in...