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  • SINGAPORE, Aug 5- Benchmark Brent crude oil prices rose above a key support level of $50 on Wednesday, recovering from multi-month lows, as investors await U.S. oil inventories data to gauge supply. "The market is still digesting news of Iran coming back with more supply," Ben Le Brun, a markets analyst at OptionsXpress in Sydney said. September Brent crude rose 35...

  • SINGAPORE, Aug 5- Benchmark Brent crude oil prices inched up just above a key support level of $50 on Wednesday, recovering from multi-month lows, as investors await U.S. oil inventories data to gauge supply. "The market is still digesting news of Iran coming back with more supply," Ben Le Brun, a markets analyst at OptionsXpress in Sydney said. September Brent crude...

  • LONDON/ SINGAPORE, Aug 4- Oil prices are unlikely to recover soon as Saudi Arabia's drive to boost its refining activities is expected to force refineries elsewhere to slow down their operations, thus creating an even bigger glut of unwanted crude oil. Two big new refineries in Saudi Arabia are adding to growing supplies of diesel and jet fuel, which could mean...

  • A positive effect from a strong U.S. dollar will also compensate for a poor performance of Jamaica's sugar business, Chief Financial officer Paolo Marchesini said in a conference call with analysts after the results announcement. The Milan- based group said first-half earnings before interest and tax, excluding one-off items, rose to 139 million euros from...

  • NAIROBI, Aug 4- Loss-making Kenya Airways, which has been hit by a slump in tourism in the African country, may require a $500- 600 million bailout, Kenya's finance minister said on Tuesday. The carrier, part-owned by Air France-KLM, has not made a profit in three years and sunk deeper into the red in the year through March with a pretax loss of 29.7 billion shillings.

  • *Malaysia caps power investment at 49 pct. KUALA LUMPUR/ SINGAPORE, Aug 4- At least half a dozen suitors have bid for energy assets of Malaysia's debt-laden state fund 1 Malaysia Development Bhd, despite it being at the centre of the country's ongoing political crisis, according to four people familiar with the matter. Infrastructure companies in Malaysia and the...

  • *Delek, Noble will invest $10 billion once outline approved. TAMAR PLATFORM, East Mediterranean, Aug 4- The Tamar natural gas platform, towering 300 feet above the Mediterranean, is a rare success story in Israel's fledgling energy sector- a state-of-the-art facility that has already saved billions of dollars in electricity costs. Texas- based Noble Energy and...

  • TEL AVIV, Israel _ Compugen Ltd. on Tuesday reported a loss of $6.8 million in its second quarter. The Tel Aviv, Israel- based company said it had a loss of 14 cents per share. Compugen shares have fallen 28 percent since the beginning of the year.

  • TEHRAN, Iran— An Iranian government official said Tuesday the Islamic Republic will allow some BBC journalists to report there for a week's time, loosening restrictions on a news organization often vilified in local media amid signs of warming diplomatic ties to Britain. The BBC said it had no word from the Iranian government on the decision, though one of its...

  • *India may raise Iran oil imports if sanctions lifted. NEW DELHI, Aug 4- India's oil imports from Iran rose 2.4 percent in July from a year ago, with some of the shipments among the first after a landmark deal that will allow Tehran to boost its exports in return for curbing its disputed nuclear programme. July volumes were the lowest since India took no oil from Iran in...

  • JERUSALEM, Aug 4- Leumi, Israel's second-largest bank, said on Tuesday it had sold another 5.2 percent stake in conglomerate Israel Corp for 500 million shekels. Leumi said it had sold the 400,000 shares of Israel Corp on Monday to a number of unnamed entities at 1,250 shekels each. Leumi still holds 5.9 percent of Israel Corp, the parent company of potash producer...

  • These are the original chronicles of Iraq's rich and tumultuous history— and now librarians and academics in Baghdad are working feverishly to preserve what's left after thousands of documents were lost or damaged at the height of the U.S.-led invasion. As Islamic State militants set out to destroy Iraq's history and culture, including irreplaceable books...

  • WASHINGTON— The Treasury Department on Monday targeted 11 companies and individuals suspected of providing energy products the Syrian government of Bashar Assad is using in the conflict there. Treasury said many of those targeted are front companies the Syrian government has used to evade U.S. and European Union sanctions. The companies sanctioned are: The...

  • BAGHDAD, Aug 3- Iraq's Kurdistan Regional Government said on Monday it would pay a portion of its revenue from direct crude oil sales to producers, in an apparent attempt to reassure foreign oil companies operating in the northern region. The move sets up semi-autonomous Kurdistan to continue independent oil sales, which it has increased since mid-June while...

  • LONDON, Aug 3- The biggest losers from the current price war between OPEC and the shale producers seem set to be producers outside the Middle East and North America caught in the cross-fire. Expensive production from the North Sea, Canada's oil sands, offshore megaprojects, weaker African and Latin American members of OPEC, and frontier exploration areas around...

  • KUALA LUMPUR, Malaysia— Malaysia's anti-corruption agency said Monday that $700 million in Prime Minister Najib Razak's personal bank accounts came from donations, not from a debt-ridden state investment fund. The Malaysian Anti-Corruption Commission effectively cleared Najib of any criminal wrongdoing. In early July, The Wall Street Journal reported...

  • Camtek posts 2Q profit Monday, 3 Aug 2015 | 7:42 AM ET

    MIGDAL HA'EMEK, Israel _ Camtek Ltd. on Monday reported second-quarter earnings of $647,000. The Migdal ha'Emek, Israel- based company said it had profit of 2 cents per share. For the current quarter ending in September, Camtek said it expects revenue in the range of $25.5 million to $27 million.

  • Perion Network posts 2Q profit Monday, 3 Aug 2015 | 7:12 AM ET

    TEL AVIV, Israel _ Perion Network Ltd. on Monday reported second-quarter net income of $8.2 million. For the current quarter ending in September, Perion Network said it expects revenue in the range of $45 million to $48 million. Keywords: Perion Network, Earnings Report.

  • HONG KONG, Aug 3- An index of Asian shares outside Japan fell close to this year's lows thanks to a deepening selloff in commodities and concerns over slowing growth in China, while the dollar held its ground against a basket of currencies. "We believe the stock market panic in early July chilled economic activity, which is what the manufacturing PMIs picked up," ING...

  • *Oil hit by bearish Reuters July survey on OPEC oil. *5 rigs added this week to U.S. oil rig count- Baker Hughes. NEW YORK, July 31- U.S. crude posted its biggest monthly drop since the 2008 financial crisis on Friday after a string of losses in July triggered by China's stock market slump and signs that top Middle East producers were pumping crude at record levels.