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Business Middle East

  • NEW YORK/ MONTREAL, March 28- The leading international airline trade organization's top official on Tuesday denounced U.S. and British bans on some electronic devices on flights from several Muslim-majority countries, criticizing the policies as a move toward "more restricted borders and protectionism." Alexandre de Juniac, director general and chief...

  • MONTREAL— The head of the International Air Transport Association said Tuesday it's difficult to understand how banning electronic devices in carry-on baggage will improve flight security. The U.S. and Britain are citing concerns about terrorist attacks to prohibit passengers on some flights from mostly Middle Eastern and North African countries from...

  • MONTREAL, March 28- An international airline trade organization on Tuesday denounced the Trump administration ban on some electronics on direct flights from several Muslim-majority countries, criticizing the policy as a move toward "more restricted borders and protectionism." Speaking to the Montreal Council on Foreign Relations, Alexandre de Juniac,...

  • MONTREAL, March 28- An international airline trade organization on Tuesday denounced the Trump administration ban on some electronics on direct flights from several Muslim-majority countries, criticizing the policy as a move toward "more restricted borders and protectionism." Speaking to the Montreal Council on Foreign Relations, Alexandre de Juniac,...

  • Speaking to the Montreal Council on Foreign Relations, Alexandre de Juniac, director general and chief executive of the International Air Transport Association, questioned the efficacy of the ban, which prohibits electronics larger than a cellphone on direct flights to the United States from 10 airports in the Middle East and North Africa.

  • Montreal, March 28- An international airline trade organization on Tuesday denounced the Trump administration ban on some electronics on direct flights from several Muslim-majority countries, criticizing the policy as a move toward "more restricted borders and protectionism." Speaking to the Montreal Council on Foreign Relations, Alexandre de Juniac,...

  • *Executives see scope to lure Middle East shoppers online. DUBAI, March 28- Souq.com will expand its workforce and operations after Amazon clinched a deal to buy 100 percent of the Middle East online retailer, executives from both firms said. Amazon and Souq.com said earlier on Tuesday they had agreed on the takeover, despite an eleventh-hour bid by Dubai...

  • *Executives see scope to lure Middle East shoppers online. DUBAI, March 28- Souq.com will expand its workforce and operations after Amazon clinched a deal to buy 100 percent of the Middle East online retailer, executives from both firms said. Amazon and Souq.com said earlier on Tuesday they had agreed on the takeover, despite an eleventh-hour bid by Dubai...

  • *Executives see scope to lure Middle East shoppers online. DUBAI, March 28- Souq.com will expand its workforce and operations after Amazon clinched a deal to buy 100 percent of the Middle East online retailer, executives from both firms said. Amazon and Souq.com said earlier on Tuesday they had agreed on the takeover, despite an eleventh-hour bid by Dubai...

  • *Concerns rivals could buy shares if Qatar sells. LONDON/ FRANKFURT, March 28- A merger of Hapag-Lloyd and United Arab Shipping Company has hit a snag, with the German shipping line and some banks seeking assurances that UASC's top shareholder Qatar remain committed to the deal for the long term, sources say. Two finance sources, who declined to be identified citing...

  • *White House says to lead efforts on tax reforms. March 28- U.S. stock struggled for direction on Tuesday as investors chose to look beyond President Donald Trump's first major policy setback, while awaiting comments from several Federal Reserve officials, including Fed Chair Janet Yellen. The White House later said it would lead the role in reforming the U.S. tax...

  • LONDON, March 28- Major oil traders gathered in Switzerland this week said they expected OPEC and non- OPEC producers to extend their pact to curb output in the second half of this year, providing Russia complies. An unexpectedly quick return of U.S. shale production since OPEC and non- OPEC producers agreed in December to limit oil production has put the brakes on a...

  • LONDON, March 28- Major oil traders gathered in Switzerland this week said they expected OPEC and non- OPEC producers to extend their pact to curb output in the second half of this year, providing Russia complies. An unexpectedly quick return of U.S. shale production since OPEC and non- OPEC producers agreed in December to limit oil production has put the brakes on a...

  • DUBAI, March 28- At least some of the proceeds from the sale of Souq.com to Amazon.com will be invested back in the business, the co-founder of the Middle East online retailer said on Tuesday. Amazon and Souq.com announced earlier on Tuesday they had agreed to the takeover deal. Souq.com' s current shareholders include South Africa's Naspers Ltd and Tiger Global...

  • DUBAI, March 28- Amazon.com has agreed to buy Middle East online retailer Souq.com, thwarting a last-minute bid by Dubai billionaire Mohamed Alabbar's Emaar Malls. In a deal document seen by Reuters, Goldman said the acquisition would accelerate Amazon's entry into "attractive Middle East countries with significant growth potential given e-commerce only...

  • An Iranian woman and her son walk past Shahab-2 (L) and Shahab-3 missiles on display in front of a large portrait of Iran's Supreme Leader Ayatollah Ali Khamenei in a square in south Tehran.

    Iranian Foreign Minister Mohammad Javad Zarif said Russia could use Iranian military bases to launch air strikes against militants in Syria on a "case by case basis."

  • DUBAI, March 28- Amazon.com has agreed to buy Middle East online retailer Souq.com, thwarting a last minute bid by Dubai billionaire Mohamed Alabbar's Emaar Malls. The deal appeared to get the endorsement of the Dubai government which is increasingly focusing on technology. The Emar offer was not the first online move to be made by Alabbar, who made his name as...

  • KHOBAR/ DUBAI, March 28- Citigroup has formally applied for a license to conduct capital markets business in Saudi Arabia, two sources familiar with the matter said, in a move to return to the country after an absence of nearly 13 years. The application has been made with Saudi Arabia's Capital Market Authority, whose primary role is to regulate and develop the...

  • KHOBAR/ DUBAI, March 28- Citigroup has formally applied for a licence to conduct capital markets business in Saudi Arabia, two sources familiar with the matter said, in a move to return to the country after an absence of nearly 13 years. The application has been made with Saudi Arabia's Capital Market Authority, whose primary role is to regulate and develop the...

  • KHOBAR/ DUBAI, March 28- Citigroup has formally applied for a license to conduct capital markets business in Saudi Arabia, two sources familiar with the matter said, in a major move to return to the country after a roughly thirteen year absence. The application has been made with Saudi Arabia's Capital Market Authority, whose primary role is to regulate and...