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Business Middle East

  • BALTIMORE— Under Armour slipped to a loss in its first quarter as costs rose, but it still beat Wall Street expectations and shares surged more than 11 percent before the market opened Thursday. International revenue, from Europe, the Middle East, Africa, the Asia-Pacific and Latin America regions, made up 20 percent of total revenue in the quarter.

  • LONDON, April 27- European shares retreated from 20- month highs on Thursday with financials and commodity-related stocks the main drag on the benchmark index. France's CAC 40 also fell 0.5 percent, just off Wednesday's nine-year high. Of the 20 percent of companies having reported so far, 70 percent had beaten estimates while 19 percent had missed, Thomson...

  • TEL AVIV, Israel _ Check Point Software Technologies Ltd. on Thursday reported first-quarter net income of $182.6 million. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share. Ten analysts surveyed by Zacks expected $432 million.

  • WARSAW, Poland— Poland has signed its first deal to purchase liquefied natural gas from a U.S. supplier, a step that will help the country's efforts to cut its dependence on deliveries from Russia, officials said Thursday. His deputy in charge of trade, Maciej Wozniak, said the one-time delivery will arrive at the Baltic Sea port of Swinoujscie in early June from the...

  • *To start pilot listings of foreign firms as soon as 2017. *Wants to become regional center for equity issuance. RIYADH, April 27- Saudi Arabia aims to start listing foreign companies on its stock market as soon as this year as it seeks to become a regional center for equity issuance, said Mohammed Abdullah Elkuwaiz, vice-chairman of the Capital Market Authority.

  • LONDON, April 27- British coffee and sandwich chain Pret A Manger said on Thursday it was on track to grow its global store estate to 500 in 2017 as it reported an 11 percent rise in core earnings. In the United States sales exceeded $200 million for the first time. Pret opened 50 new shops in 2016, taking the total to 444, and now trades from six countries- the UK, U.S.,...

  • SRINAGAR, India— India has ordered internet service providers in Indian-controlled Kashmir to immediately block Facebook, Twitter and 20 other social media sites and online applications for one month, after several videos and photos depicting alleged abuses of Kashmiris by Indian security forces sparked outrage and fueled protests.

  • SYDNEY, April 27- Australian national carrier Qantas Airways Ltd on Thursday said it would axe its Melbourne- Dubai- London flights operated in partnership with Emirates and switch the capacity to Asia when it launches non-stop Perth- London flights next year. Qantas Chief Executive Alan Joyce has said his airline could be operating non-stop flights from...

  • Nearly two-thirds of international holidaymakers surveyed by the bank said they were more interested in holidaying in the UK compared with this time last year. Nearly a third of UK holidaymakers expected to spend more of their holiday time in Britain this year, and 38 percent of those who cited cost as a factor said that the weaker pound had made holidays in the...

  • LONDON, April 27- Political risk is the biggest concern this year for insurers globally, following several shock outcomes in 2016, a survey of insurers managing $10 trillion in assets showed on Thursday. Political events have overtaken issues such as worries about an economic slowdown in the United States or China to become the top macro-economic risk for...

  • Commodities tomorrow:

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

  • CPPIB began buying farmland in North America in 2012 and has since purchased about 120,000 acres in the United States and a similar amount in Canada. The country's biggest public pension fund purchased 115,000 acres of Saskatchewan farmland from Assiniboia Farmland LP in 2013 for C $128 million and had intended to invest another C $500 million in Canadian...

  • JERUSALEM— Israel says it has repelled a large cyberattack on government offices and private citizens. The Haaretz daily said Israel believes the attack was directed by a foreign country with a group of hackers. Israel established the national cyber bureau several years ago to coordinate its defense against attacks on its infrastructure and networks.

  • *Q3 adj EPS $0.96 vs est $0.94. Economic and political uncertainties- from higher gas prices in the United States and higher utility prices in Saudi Arabia to demonetization in India- triggered a sharp brake in consumer spending during the quarter, the company said on a post-earnings conference call. P&G, which sells its brands in more than 180 countries, gets...

  • DUBAI, April 26- Malaysia Airlines has offered to lease Airbus A330 jets from Alitalia if the struggling Italian airline is wound up, the Asian carrier's chief executive said on Wednesday. Malaysia Airlines could take between six and eight Airbus A330s from Alitalia, CEO Peter Bellew told Reuters in Dubai. Malaysia Airlines is emerging from a turnaround after...

  • DUBAI, April 26- Malaysia Airlines has offered to lease Airbus A330 jets from Alitalia if the struggling Italian airline is wound up, the Asian carrier's chief executive said on Wednesday. Malaysia Airlines could take between six and eight Airbus A330s from Alitalia, CEO Peter Bellew told Reuters in in Dubai. Malaysia Airlines is emerging from a turnaround...

  • DUBAI, April 26- Two Saudi banks soared on Wednesday after saying they were in initial stages of a merger, helping lift the mood in other lenders while first quarter financial results buoyed the shares of two blue chips in other Gulf countries. On Wednesday Saudi's Alawwal Bank agreed to start talks with Saudi British Bank about a tie-up that could create the...

  • DUBAI, April 26- Industrial and Commercial Bank of China has cleared more than 590 billion yuan in transactions in Qatar in the nearly two years since it opened its clearing centre in the Gulf state, an executive told Reuters. "Our data shows that Qatar, the United Arab Emirates and Kuwait are the most active Middle East countries using the RMB clearing centre for...

  • DUBAI, April 26- Malaysia Airlines has offered to lease Airbus A330 jets from Alitalia if the struggling Italian airline is wound up, the Asian carrier's chief executive told Reuters on Wednesday. Malaysia Airlines could take between six and eight Airbus A330s from Alitalia, CEO Peter Bellew said in an interview in Dubai. Malaysia Airlines is emerging from a...

  • DUBAI, United Arab Emirates— A government oil company in the United Arab Emirates says it has opened the country's first solar-powered gas station in Dubai. The Dubai- owned Emirates National Oil Company said on Wednesday the service station on the city's main Sheikh Zayed Road thoroughfare is covered with solar panels that can generate up to 120 kilowatt...