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  • SINGAPORE, May 2- Oil prices dipped in early Asian trade on Monday as rising production in the Middle East outweighed falling U.S. output and the recent slide in the dollar, which has been supporting crude. Analysts said rising output from the Organization of the Petroleum Exporting Countries and especially the Middle East was outweighing supportive factors...

  • *Political leaders condemn storming of Green Zone. BAGHDAD, May 1- Protesters camped out in Baghdad's Green Zone for 24 hours left the heavily fortified government district on Sunday after issuing demands for political reform but they pledged to return by the end of the week to keep up the pressure. Iraq has endured months of wrangling prompted by Prime Minister...

  • *Political leaders condemn storming of Green Zone. BAGHDAD, May 1- Iraqi Prime Minister Haider al-Abadi and other political leaders promised on Sunday to deliver on radical reforms and stem a deepening crisis as protesters held an unprecedented sit-in inside Baghdad's heavily fortified government district. Iraq has endured months of wrangling prompted by...

  • DUBAI, United Arab Emirates— Qatar's largest bank acknowledged Sunday that some personal customer data that was leaked online may be authentic, and said it has hired an outside expert to review potential vulnerabilities to its computer systems. Files dumped online last week appeared to contain sensitive information involving thousands of Qatar National...

  • DOHA, May 1- Qatar National Bank, the Middle East's largest lender by assets, said it had taken immediate steps to ensure customers would not suffer any financial loss after a security breach last week exposed personal data of thousands of clients. The bank said the breach was an attack on its reputation, rather than specifically targeted at the customers, and only...

  • RIYADH, Saudi Arabia— Employees at the Saudi Binladin Group, a construction giant, have set fire to more than seven company buses in the latest protest by disgruntled staff over not being paid salaries for months and a large round of reported layoffs. Nayef al-Sharif, the spokesman for the Civil Defense in the city of Mecca, said late Saturday that firefighters put...

  • BAGHDAD— Iraq says April crude oil exports have increased by 2.3 percent from the previous month, filling cash-strapped coffers amid an acute economic crisis. Oil Ministry spokesman Assem Jihad, said Sunday that daily oil exports averaged 3.364 million barrels last month, worth $3.343 billion. Iraq holds the world's fourth largest oil reserves, and oil...

  • BASRA, Iraq, May 1- Iraq exported oil from southern fields at an average rate of 3.364 million barrels per day in April, higher than the March average of 3.286 million, Oil Ministry spokesman Asim Jihad said on Sunday. But they failed to reach a deal at an April 17 meeting, and rising exports from Iraq as well as other nations including Russia underline the challenges...

  • DUBAI, May 1- Stock markets in the Gulf were mixed in early trade on Sunday with Saudi Arabia's bourse buoyed by commodity-related shares while banks weighed on United Arab Emirates indexes. Saudi Basic Industries added 1.2 percent; Abdullah bin Mohammed al-Issa, a board member of Saudi Basic Industries, will also join Ma'aden's board. Heavyweight First Gulf...

  • THE HAGUE, Netherlands— With about 92 percent of the world's declared chemical weapons stockpiles destroyed, the watchdog agency overseeing the elimination of poison gas and nerve agents is looking now to counter emerging threats from extremist groups while still dealing with unfinished business in Syria. The Organization for the Prohibition of Chemical...

  • DUBAI, May 1- Gulf stock markets may move little on Sunday with few positive catalysts, while weak bank earnings may continue to cap Abu Dhabi. After weak results from blue-chip Abu Dhabi banks last week, Union National Bank posted a 27 percent drop in first- quarter net profit. Shares in UNB dropped 4.5 percent last week as other Abu Dhabi bank shares slumped.

  • TORONTO, April 30- The Canadian government is eager to consider joining the pension fund Caisse de depot et placement du Quebec in investing in a new public transport light rail network in Montreal, the third-largest of its kind in the world, Prime Minister Justin Trudeau said on Saturday. Speaking at a Liberal convention in Montreal, Trudeau told reporters he...

  • *Qatar wants to join powerful VW executive committee- sources. FRANKFURT/ BERLIN, April 29- Frustrated with the pace of reform at Volkswagen, shareholder Qatar has asked the carmaker for a seat on the company's executive committee, a request that has met with substantial opposition, two sources familiar with the matter said on Friday. Creating a new seat for Qatar-...

  • ATLANTA, April 29- Delta Air Lines Inc sees opportunities for the airlines in which it owns equity stakes to cooperate more in the next five years, Delta's incoming Chief Executive Ed Bastian told reporters in Atlanta on Friday. Delta's incoming President Glen Hauenstein later told reporters sitting on one of the airline's widebody aircraft in Atlanta that...

  • *U.S., Europe stocks fall on disappointing earnings. NEW YORK, April 29- The yen hit an 18- month high on Friday as investors bet the Bank of Japan might be done adding fresh stimulus to the economy, while stocks in Europe and Wall Street headed lower as earnings failed to inspire higher valuations. U.S. equities fell about 0.7 percent, following declines in Europe...

  • DUBAI, April 29- Construction company Saudi Binladin Group has laid off 50,000 staff, a newspaper reported on Friday, as pressure on the industry rises amid government spending cuts to survive an era of cheap oil. The total workforce at Binladin, one of Saudi Arabia's biggest firms and among the Middle East's largest builders, is around 200,000, according to its...

  • *OPEC output near record high in April. Brent futures were trading at $48.26 a barrel at 1351 GMT, up 12 cents from their last close. "The issue is that we haven't seen price rallies... correlate with fundamentals," said Hamza Khan, senior commodity strategist at ING.

  • *OPEC supply rises by 170,000 bpd to 32.64 million bpd. *For a table of OPEC output, see. Top exporter Saudi Arabia, however, made no major change to output, the survey found, despite the kingdom hinting it could boost supply after OPEC and non-member nations failed to agree to freeze output at a meeting on April 17.

  • *Iran owes Germany about 500 million euros. *Germany- Iran holding Tehran business summit on May 2-3. BERLIN, April 29- Restoring German banks' financial ties with Iran will take time given debt owed to Berlin and transparency concerns, the head of the German banking association said on Friday, dampening expectations days before a business summit in Tehran.

  • By Libby George and Karolin Schaps. LONDON, April 29- Brent crude was heading for its biggest monthly rise in seven years on Friday, touching fresh 2016 highs as a weak dollar and falling U.S. production tempered concerns about a lingering excess of physical oil. Brent futures were trading at $48.26 a barrel at 1211 GMT, up 12 cents from their last close.