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Business Middle East

  • LONDON— Banking group Barclays said Thursday it will complete its restructuring plan six months early as it sheds risky assets and focuses on consumer, corporate and investment banking in New York and London. They include retail banking in continental Europe and corporate banking in Africa and the Middle East, among others. Shares rose more than 4 percent in...

  • The United States should expect a "strong slap in the face" if it underestimates Iran's defensive capabilities, a commander of the elite Revolutionary Guards says, as Tehran concludes war games. Mexico reacts with anger to what one official calls "hostile" new U.S. immigration guidelines as senior Trump administration envoys begin arriving in Mexico City for...

  • The United States should expect a "strong slap in the face" if it underestimates Iran's defensive capabilities, a commander of the elite Revolutionary Guards says, as Tehran concludes war games. The White House has pushed back the release of a new executive order to replace the directive suspending travel to the United States by citizens of seven mostly Muslim...

  • The United States should expect a "strong slap in the face" if it underestimates Iran's defensive capabilities, a commander of the elite Revolutionary Guards says, as Tehran concludes war games. The White House has pushed back the release of a new executive order to replace the directive suspending travel to the United States by citizens of seven mostly Muslim...

  • The United States should expect a "strong slap in the face" if it underestimates Iran's defensive capabilities, a commander of the elite Revolutionary Guards says, as Tehran concludes war games. The United States is likely to refrain from suggesting major changes to its trading arrangement with Canada, according to a majority of economists polled by Reuters.

  • The United States should expect a "strong slap in the face" if it underestimates Iran's defensive capabilities, a commander of the elite Revolutionary Guards says, as Tehran concludes war games. Mexico will not accept new "unilateral" U.S. immigration proposals and will not hesitate to approach the United Nations to defend immigrants, Foreign Minister Luis...

  • *Listing of Aramco could raise up to $100 billion. Industrial and Commercial Bank of China International Holdings, a wholly-owned Hong Kong- based subsidiary of Industrial and Commercial Bank of China, and China International Capital Corporation are among the Chinese banks pitching for the deal, two other sources familiar with the matter said.

  • GENEVA, Feb 22- A global agreement to boost trade by cutting red tape and streamlining border checks came into force on Wednesday, promising a 0.5 percent lift to the world economy by 2030 even as it faces renewed protectionism from the United States. World Trade Organization Director General Roberto Azevedo hailed the start of the pact, which he said was the "...

  • Serco, which provides transport, health, justice, defense and security services in public departments and gets half of its revenues from the UK, left its 2017 outlook unchanged versus an update given in December. Britain's outsourcing sector has been hit in recent months by uncertainty created by the country's vote to leave the European Union, causing delays to...

  • JERUSALEM _ Mobileye NV on Wednesday reported fourth-quarter earnings of $32.6 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share. Mobileye shares have increased 21 percent since the beginning of the year.

  • SCHILLINGSFUERST, Germany, Feb 22- More than a year ago, Mayar and Nawar Ballish escaped car bomb attacks in Damascus. Now the Syrian sisters, both students in their twenties, go to school by train past neat gardens and farms in the quiet hills of Bavaria, southern Germany. Around half a million Syrians have arrived in Germany over the past two years, part of a record...

  • Serco, which provides transport, health, justice, defense and security services in public departments and gets half of its revenues from the UK, left its 2017 outlook unchanged versus an update given in December. "Governments can be very capricious, they can change their minds and elections come along and at any one time we have some great political uncertainties...

  • *Listing of Aramco could raise up to $100 billion. The U.S. banks have joined boutique investment bank Moelis& Co in being tapped for coveted roles in what is expected to be the world's biggest intial public offering worth some $100 billion. Up to 5 percent of the world's largest oil producer is likely to be listed on both the Saudi stock exchange in Riyadh and on one...

  • *Listing of Aramco could raise up to $100 billion. Feb 21- Oil company Saudi Aramco has selected JPMorgan Chase& Co, Morgan Stanley, and HSBC Holdings Plc as lead underwriters for its planned initial public share offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Saudi authorities are aiming to list up to 5 percent of the...

  • Feb 21- Oil company Saudi Aramco has selected JPMorgan Chase& Co, Morgan Stanley, and HSBC Holdings Plc as lead underwriters on the firm's planned initial public share offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The listing of Aramco is expected to be the world's biggest initial public offering and could raise up...

  • CANBERRA- Reserve Bank of Australia Governor Philip Lowe will appear at the House of Representatives Standing Committee on Economics. CHISINAU- National Bank of Moldova announces interest rate decision. ANKARA- Central Bank of the Republic of Turkey monetary policy meeting.

  • Feb 21- Oil giant Saudi Aramco has selected JPMorgan Chase& Co, Morgan Stanley, and HSBC Holdings Plc as lead underwriters on the firm's planned initial public share offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Saudi Arabian Oil Co, known as Saudi Aramco, was not immediately available for comment.

  • Commodities tomorrow:

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

  • *OPEC says 90 percent of oil output cuts made in January. *OPEC wants compliance with cuts even higher- Sec-Gen. OPEC Secretary General Mohammad Barkindo told an industry conference in London that January data showed conformity from participating OPEC nations with output curbs had been above 90 percent and oil inventories would decline further this year.

  • *OPEC says 90 percent of oil output cuts made in January. *OPEC wants compliance with cuts even higher- Sec-Gen. NEW YORK, Feb 21- Oil prices rose about 2 percent to near three-week highs on Tuesday after OPEC said it was sticking to its agreement to cut production and hoped compliance with the deal would be even higher as it expects other producers join its efforts to...