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Business Middle East

  • Commodities tomorrow:

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

  • CHICAGO, July 20- China officials have agreed to allow imports of U.S. rice for the first time ever, U.S. Department of Agriculture Secretary Sonny Perdue said on Thursday. China opened its rice market when it joined the World Trade Organization in 2001 but a lack of phytosanitary protocol between China and the United States effectively banned imports, according...

  • DALLAS— The ban on laptops in the cabins of planes flying from the Middle East to the U.S. is over, as federal officials say that large airports in the region have taken other steps to increase security. A spokesman for the Department of Homeland Security said Thursday that all airlines and airports with flights departing for the U.S. had met the agency's first...

  • DUBAI, July 20- Kuwait ordered the expulsion of the Iranian ambassador and 14 other diplomats for alleged links to a "spy and terror" cell, Iranian and Kuwaiti media reported on Thursday, worsening an unusual public dispute between the two countries. Kuwait also told Iran's cultural and military missions to shut down, following a court case that increased...

  • LONDON/ FRANKFURT, July 20- Two global banks, Citigroup and Deutsche Bank, are beefing up their presence in Frankfurt to deal with the impact of Britain leaving the European Union. Deutsche Bank Chief Executive Officer John Cryan said in a video published on Thursday that the German lender expected to add new jobs in Frankfurt, where it will replicate a structure...

  • WASHINGTON, July 20- Some 180 airlines worldwide that fly directly to U.S. airports have complied with a first phase of enhanced security measures outlined in June and do not face any new restrictions, the U.S. Department of Homeland Security said on Thursday. Late Wednesday, the government confirmed it had lifted such restrictions on Saudi Airlines flights...

  • ATLANTIC BEACH, N.C.— Under pressure from President Donald Trump, North Carolina's governor announced his opposition on Thursday to drilling for natural gas and oil off the Atlantic coast, saying it poses too much of a threat to the state's beaches and tourism economy. "There is a threat looming over this coastline that we love and the prosperity it brings, and...

  • *Qatar signs accord with U.S. amid Gulf dispute. Saudi Arabia, Bahrain, the United Arab Emirates and Egypt imposed sanctions on Qatar last month, saying the gas-rich Gulf state finances Islamist militants throughout the region. But a Western official in the Gulf who has seen the document said it specifies actions Qatar will take by the end of the year, including...

  • WASHINGTON, July 20- The U.S. Department of Homeland Security said Thursday that 180 airlines worldwide that fly directly to U.S. airports have complied with the first phase of enhanced security measures outlined in June. DHS spokesman David Lapan said no airlines are currently subject to in-cabin restrictions on large electronics including laptops.

  • Banks have been feeling the fallout of the feud with Saudi Arabia, the United Arab Emirates, Bahrain and Egypt, which cut diplomatic and transport ties with Qatar on June 5 and imposed economic sanctions. They accuse Qatar of financing Islamist militant groups and allying with their regional adversary Iran- allegations Qatar denies. The move prompted banks...

  • Passengers wait in the lounge for the first flight to take off from the new Erbil International Airport.

    The U.S. has ended President Trump's laptop restriction for passengers onboard U.S. bound flights from certain Middle East and North African airports.

  • DOHA, July 20- Qatar's central bank governor said Doha's dispute with four Arab states had not affected long-term oil and gas contracts, state news agency QNA said on Thursday. "Long-term agreements signed by the state of Qatar to provide its customers with oil and gas are sufficient to guarantee continued supply without any problems," QNA quoted Sheikh Abdullah...

  • LONDON, July 20- U.S. bank Citigroup said on Thursday that it may need to create 150 new jobs in the European Union to deal with the impact of Britain leaving the bloc, as it confirmed it would headquarter its EU trading operations in Frankfurt. Citi is one of several banks opting to build up a subsidiary in Frankfurt so that its trading operations in the EU can...

  • LONDON, July 20- U.S. bank Citigroup said on Thursday that it may need to create 150 new jobs in the European Union to deal with the impact of Britain leaving the bloc, as it confirmed it would headquarter its EU trading operations in Frankfurt. In a memo to staff Jim Cowles, the bank's head of Europe, Middle East and Africa, said the bank also planned to build up its...

  • *Brent, WTI futures held below $50 a barrel. *U.S. crude stocks, high OPEC supplies pressure market. Brent crude futures, the international benchmark for oil prices, stood at $49.72 per barrel at 0939 GMT, 2 cents up from their last settlement.

  • Time for 'negotiation and dialogue, not confrontation': Qatar ambassador

    It's time for "negotiation and dialogue, not confrontation", Qatar's ambassador to the UK Yousef Ali Al-Khater said, discussing the Gulf's demands of Qatar.

  • TEL AVIV, Israel _ Check Point Software Technologies Ltd. on Thursday reported second-quarter profit of $188.4 million. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share. Eleven analysts surveyed by Zacks expected $454.7 million.

  • Qatar has seen US proof that UAE orchestrated hack, ambassador says

    Qatar ambassador to the UK, Yousef Ali Al-Khater, said the country has seen evidence from US intelligence that the UAE orchestrated a hack on the Qatar's state media.

  • *Saudi official says story is worthy of Hollywood. July 19- On Tuesday June 20 Mohammed bin Nayef, a powerful figure in Saudi Arabia's security apparatus for the past two decades and the next in line to the throne, was summoned to meet King Salman bin Abdulaziz on the fourth floor of the royal palace in Mecca. There, according to a source close to MbN, as he is known, the...

  • *U.S. crude stocks, high OPEC supplies pressure market. SINGAPORE, July 20- Oil prices held steady on Thursday, hanging on to gains made the previous session when falling U.S. crude inventories lifted the market, as analysts offered mixed supply outlooks for the commodity ahead of a key OPEC meeting next week. Crude oil prices are still capped below the $50-...