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Business Middle East

  • LONDON, March 26- Technology companies must cooperate more with law enforcement agencies and should stop offering a "secret place for terrorists to communicate" using encrypted messages, British interior minister Amber Rudd said on Sunday. Local media have reported that British-born Khalid Masood sent an encrypted message moments before killing four...

  • KUWAIT CITY— Russia's energy minister says there's "94 percent" compliance on a six-month oil production cut among OPEC members and non-cartel nations, as well as discussions about continuing the cuts to boost crude prices. Alexander Novak made the comments Sunday in Kuwait at a compliance meeting. OPEC agreed in late November to cut its production by 1.2...

  • LONDON, March 26- Technology companies must cooperate more with law enforcement agencies and should stop offering a "secret place for terrorists to communicate" using encrypted messages, British interior minister Amber Rudd said on Sunday. Local media have reported that British-born Khalid Masood sent an encrypted message moments before killing four...

  • TEHRAN, Iran— Iran on Sunday sanctioned what it described as 15 American companies, alleging they support terrorism, repression and Israel's occupation of land Palestinians want for a future state, likely in retaliation for sanctions earlier announced by the U.S. It also said any of the company's assets in Iran could be seized. They included ITT Corp.,...

  • US special forces monitor as Iraqi forces advance on February 23, 2017 towards Mosul airport on the southern edge of the jihadist stronghold prior to entering the airport compound for the first time since the Islamic State group overran the region in 2014.

    Mosul has been the center of fierce fighting between ISIS and Iraq's coalition forces, but the March 17 incident is still unclear.

  • A rebel fighter walks past a roller shutter bearing the Syrian flag, in the village of Rahbet Khattab in the Hama province on March 23, 2017.

    Syria's army and its allies retook a village near Hama on Saturday, a Syrian military source said.

  • ATHENS, March 25- Greece has received three binding bids for a majority stake in its second-largest port in Thessaloniki, the country's privatizations agency said on Saturday. Phillipines-based International Container Terminal Services, Dubai- based P&O Steam Navigation Company and German private equity firm Deutsche Invest Equity Partners submitted...

  • EU leaders are gathering in Rome on Saturday to celebrate the 60th birthday of the world's largest political and economic bloc.

  • March 24- Vitol's annual traded volumes rose 16 percent in 2016 to a new record as the world's largest independent energy trader sold more gasoline and diesel in markets such as the United States and Australia. The biggest jump in percentage terms came from gasoline, up 44 percent and gasoil, up 26 percent, driven by increasing demand in the United States,...

  • *France, Germany and euro zone heading for first quarter growth. LONDON, March 24- If the latest surveys of business intentions are to be believed, the euro zone economy is sparkling, growing at a pace that easily explains the hints from some European Central Bank policymakers of a pull-back from their easy-money regime. At the same time, flash surveys for the...

  • March 24- Barry Meyers is set to rejoin JPMorgan Chase& Co. from Barclays Plc to take on the role of Managing Director of UK Equity Capital Markets, according to an internal memo seen by Reuters. A spokeswoman at JPMorgan confirmed that Meyers, who has been leading the UK ECM team at Barclays since March 2015, would report to Nicholas Hall and would also become head of...

  • YANGON/ SINGAPORE, March 24- A long-awaited pipeline that would allow overseas oil to be pumped through Myanmar and into China for the first time has been delayed again as final import licenses have not been given, leaving a tanker due to deliver crude sitting in open waters. Nearly a decade in the making, Reuters reported earlier this week that the 770 km pipeline...

  • Senate Democratic leader Chuck Schumer pledges to pursue a procedural hurdle to try to block the confirmation of Trump's Supreme Court nominee, Neil Gorsuch, a move that could provoke a nasty partisan fight and change the way the Senate does business. The Senate narrowly confirms Trump's nominee for ambassador to Israel, David Friedman, an outspoken...

  • WASHINGTON, March 23- Iran would face tighter U.S. sanctions over ballistic missile launches and other non-nuclear activities under a bill announced on Thursday by a bipartisan group of senators, echoing a harder line on Tehran espoused by Republican President Donald Trump. The legislation would also require the U.S. president to block the property of any...

  • The SEC said the purchases resulted in about $427,000 of profit for Darvasi and $4.5 million for Waldman, after the announcement caused shares of Jerusalem- based Mobileye to rise 28.2 percent in one day. According to the SEC, both defendants were connected to Mobileye insiders through the scientific academic community at the Hebrew University of Jerusalem,...

  • WASHINGTON, March 23- Iran would face tighter U.S. sanctions over ballistic missile launches and other non-nuclear activities under a bill announced on Thursday by a bipartisan group of senators, echoing a harder line on Tehran espoused by Republican President Donald Trump. The legislation would also require the U.S. president to block the property of any...

  • Senate Democratic leader Chuck Schumer pledges to pursue a procedural hurdle to try to block the confirmation of Trump's Supreme Court nominee Neil Gorsuch, a move that could provoke a nasty partisan fight and change the way the Senate does business. The State Department will approve on Friday the permit needed to proceed with construction of the Canada-...

  • The SEC said the purchases resulted in about $427,000 of profit for Darvasi and $4.5 million for Waldman, after the announcement caused shares of Jerusalem- based Mobileye to rise 28.2 percent in one day. According to the SEC, both defendants were connected to Mobileye insiders through the scientific academic community at the Hebrew University of Jerusalem,...

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • The House of Representatives delays a vote on legislation to begin dismantling Obamacare as President Donald Trump and leaders in Congress scramble to find enough support among fellow Republicans for their version of a new federal healthcare policy, MSNBC says. Senate Democratic leader Chuck Schumer pledges to pursue a procedural hurdle to try to block...