Business Middle East

  • MADRID, Oct 1- Amancio Ortega, Europe's richest man and founder of global fashion group and Zara owner Inditex, has bought one of Madrid's most famous skyscrapers for 490 million euros through his property investment arm, a source said. Pontegadea Inmobiliaria declined to comment on the reported purchase of the tower- known as " Cepsa Tower" after the oil refiner...

  • BAGHDAD, Oct 1- Iraq exported 935,270 barrels of oil in September via pipeline to the Turkish Mediterranean port of Ceyhan, the oil ministry said on Saturday.

  • BERLIN, Sept 30- German Economy Minister Sigmar Gabriel heads to Iran next week with a planeful of industry executives keen to rebuild trade ties, but remaining U.S. sanctions and political concerns are holding back a hoped-for business boom. Tehran said there could be no precondition for Iran- Germany relations and that it rejected the interference of any...

  • *OPEC supply rises by 70,000 bpd to 33.60 million bpd. LONDON, Sept 30- OPEC's oil output is likely to reach its highest in recent history in September, a Reuters survey found on Friday, as Iraq boosted northern exports and Libya reopened some of its main oil terminals. Supply from OPEC has risen to 33.60 million barrels per day in September from a revised 33.53...

  • ISTANBUL, Sept 30- Turkish investment bank Unlu& Co aims to complete the acquisition of an Iranian brokerage in the next six months and become the first Turkish financial services firm to operate in Iran since the easing of sanctions, its chairman said on Friday. Turkish trade with Iran has since risen some 30 percent. Turkish Prime Minister Binali Yildirim said...

  • PARIS— Renault has reached a deal with Iran's government to open a plant making at least 150,000 vehicles a year, as European companies race for a share of Iran's market now that international sanctions have been lifted. The plant in a Tehran suburb will produce Duster and Symbol cars starting in 2018. Renault will be majority shareholder, and have its own...

  • RBC Capital Markets, the investment banking arm of RBC has in recent years made a series of senior hires in Europe, in an attempt to beef up its mergers and acquisitions and equity capital markets franchise in the region, where it employs around 200 people in the division. Money raised from flotations, or initial public offerings in Europe, fell 49 percent to $21...

  • *South Korea imports double; China, Japan imports also rise. TOKYO, Sept 30- Imports of Iranian oil by four major buyers in Asia in August jumped 81 percent from a year earlier, the biggest percentage gain since April 2014, as the producer recoups market share from rivals Saudi Arabia and Iraq. The top four Asian buyers, South Korea, Japan, China and India, imported 1.84...

  • *Japan shares see weekly, monthly losses, but rise over quarter. SINGAPORE, Sept 30- Asian stocks extended losses on Friday as worries about the health of Deutsche Bank weighed on financial shares and as oil prices inched back from near-one month highs on scepticism over OPEC's new plan to curb output. MSCI's broadest index of Asia-Pacific shares outside Japan...

  • *Deutsche, Wells Fargo woes drag Wall Street lower. *Oil holds gains after OPEC agreement to curb supply. SINGAPORE, Sept 30- Asian stocks followed Wall Street lower in early trade on Friday, while oil prices held close to the highest level in almost a month on optimism over an OPEC plan to curb output.

  • TOKYO, Sept 30- The Japanese yen looks set to log its third straight quarter of gains on Friday, while the Swiss franc held firm as concerns about the health of Deutsche Bank undermined investor risk appetite. The yen, often seen as a safe-haven currency, rebounded as global share prices slipped on worries about Deutsche Bank, under pressure from a massive fine the...

  • *Tensions between India and Pakistan escalate. *India says it raided Pakistan- controlled Kashmir. The raids were a direct response to an attack earlier this month on an army base in Kashmir that India blamed on Pakistan- based militants.

  • WASHINGTON, Sept 29- U.S. lawmakers expressed doubts on Thursday about Sept. 11 legislation they forced on President Barack Obama, saying the new law allowing lawsuits against Saudi Arabia could be narrowed to ease concerns about its effect on Americans abroad. A day after a rare overwhelming rejection of a presidential veto, the first during Obama's eight...

  • Sept 29- Boeing Co is close to clinching a large sale of widebody jetliners to Qatar Airways, a deal that moved closer with the recent U.S. approval of Boeing fighter jet sales to the Gulf nation, according to two people familiar with the situation. Qatar Airways is in the process of firming up the order, which it was due to have placed at July's Farnborough airshow, but...

  • TORONTO, Sept 29- Canada's main stock index rose on Thursday to a one-week high as energy stocks added to sharp gains from one day before on a surprise output cut agreement by OPEC. Suncor Energy Inc rose 2.3 percent to C $36.41 and Canadian Natural Resources Ltd advanced 2.4 percent to C $42.14. The oil patch has been "thrown a bone" by the output cut, said Rick Hutcheon,...

  • WASHINGTON, Sept 29- U.S. lawmakers on Thursday expressed doubts about Sept. 11 legislation they forced on President Barack Obama, saying the new law allowing lawsuits against Saudi Arabia could be narrowed to ease concerns about its effect on Americans abroad. A day after a rare overwhelming rejection of a presidential veto, the first during Obama's eight...

  • NEW YORK, Sept 29- U.S. "It was all about Deutsche Bank," said Justin Lederer, Treasury analyst and trader at Cantor Fitzgerald in New York. For instance, there is tension in India, which on Thursday said it conducted "surgical strikes" on suspected militants preparing to infiltrate from Pakistan- ruled Kashmir, making its first direct military response to an attack on...

  • WASHINGTON, Sept 29- U.S. lawmakers on Thursday expressed doubts about Sept. 11 legislation they forced on President Barack Obama, saying the new law allowing lawsuits against Saudi Arabia could be narrowed to ease concerns about its effect on Americans abroad. A day after a rare overwhelming rejection of a presidential veto, the first during Obama's eight...

  • BAGHDAD, Sept 29- Iraq is likely to delay the planned sale of $2 billion in bonds on international markets until at least early 2017, a government adviser said on Thursday, hoping that rising oil revenues and victory over Islamic State will improve public finances. Baghdad had said it would issue the bonds, with half the value guaranteed by the U.S. government, in...

  • WASHINGTON, Sept 29- U.S. lawmakers on Thursday expressed doubts about Sept. 11 legislation they forced on President Barack Obama, saying the new law allowing lawsuits against Saudi Arabia could be narrowed to ease concerns about its effect on Americans abroad. A day after a rare overwhelming rejection of a presidential veto, the first of Obama's eight years in...