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Business Middle East

  • 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...

  • 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. The State Department will approve on Friday the permit needed to proceed with construction of the Canada- to-United States Keystone XL oil pipeline, a...

  • DUBAI, March 23- Saudi Arabia's crude exports to the United States in March will fall by around 300,000 barrels per day from February, in line with OPEC's agreement to reduce supply, a Saudi energy ministry official said on Thursday. The United States imported about 1.3 million bpd from OPEC's top exporter in February, according to U.S. Energy Information...

  • CRUDE EXPORTS FROM OTHER MIDDLE EAST GULF PRODUCERS ALSO EXPECTED TO DECLINE- OFFICIAL.

  • 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. The State Department will approve by Monday the permit needed to proceed with construction of the Canada- to-United States Keystone XL oil pipeline, a...

  • SEOUL/ TOKYO/ MILAN, March 23- The world's biggest liquefied natural gas buyers, all in Asia, are clubbing together to secure more flexible supply contracts in a move which shifts power to importers from producers as oversupply grows. Korea Gas Corp said on Thursday it had signed a memorandum of understanding in mid-March with Japan's JERA and China National...

  • The State Department will approve by Monday the permit needed to proceed with construction of the Canada- to-United States Keystone XL oil pipeline, a project blocked by former President Barack Obama, according to Politico. Senate Democratic leader Chuck Schumer pledges to pursue a procedural hurdle to try to block the confirmation of Trump's Supreme Court...

  • 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. Two months after stepping down as former President Barack Obama's ambassador to Israel, Dan Shapiro sees some good in the initial peace efforts by the new...