×

Business Middle East

  • NEW YORK, Oct 8- Brent crude futures slipped on Monday on concerns that slower economic growth in China and the debt crisis in Europe will curb demand for petroleum, while the potential for Middle East turmoil to disrupt supplies limited losses. Brent November crude fell 20 cents, or 0.18 percent, to settle at $111.82 a barrel, having moved from $110.54 to $112.24.

  • *Kirk also seeks to blacklist entire energy sector of Iran By Roberta Rampton. WASHINGTON, Oct 8- Republican Senator Mark Kirk, who last year co-authored a package of U.S. sanctions on Iran's banking and oil sectors, is working on new legislation that would further tighten the economic noose on Tehran, an aide to the lawmaker said Monday.

  • NEW YORK-- Qatar Airways is joining an alliance of airlines including American Airlines, British Airways and nine other carriers that coordinate routes and allow passengers to earn frequent flier miles on each other's flights.

  • WASHINGTON, Oct 8- U.S. telecommunications operators should not do business with China's top network equipment makers because potential Chinese state influence on the companies poses a security threat, the U.S. House of Representatives Intelligence Committee said in a report on Monday.

  • JET-SETTING: Rapidly expanding Gulf carrier Etihad Airways will jointly market some of its flights with Air France-KLM in what could be the beginning of a larger strategic alliance. The Air France-KLM deal could prove significant in that it shows a willingness by the company to work with a Gulf rival.

  • LONDON, Oct 8- Liquefied natural gas will continue to be benchmarked to oil prices for several more decades, outgoing BG Group Chief Executive Frank Chapman said on Monday, despite complaints by top Asian importers that supplies are unaffordable.

  • *World Bank says China economic slowdown may worsen. *Turkey retaliates again after mortar fire from Syria.

  • *Conference to discuss rules in Dubai in December. GENEVA, Oct 8- The best solution to improving oversight of the Internet may be to do nothing at all, a senior U.S. official said on Monday while briefing reporters on a conference in December that could decide to consolidate control within a U.N. body.

  • NEW YORK-- When Elie Wiesel emerged from quintuple heart bypass surgery, still wired to monitors, he immediately started writing a book about the ordeal _ "in my head."

  • TEHRAN, Iran-- The plunge of Iran's currency appears to be slowing as the rial is holding at its rebound level for the third straight day. Iran's rial lost nearly 40 percent of its value against the U.S. dollar in a week last Tuesday, when it reached 35,500 rials to the dollar.

  • Russia's Saratov oil refinery, owned by Anglo-Russian crude producer TNK-BP. ,has resumed production after it caught fire last week, TNK-BP said on Monday. Iraqi Kurdistan's leading oil producer, Genel Energy, said it would keep crude exports flowing after the Kurdistan Regional Government finally received an initial payment from Baghdad.

  • DUBAI, Oct 8- A battle of wills between Iran's government and foreign exchange traders may end with authorities taking over all legal trade in the rial, leaving many Iranians to seek hard currency illegally in a poorly supplied black market.

  • *World Bank says China economic slowdown may worsen. NEW YORK, Oct 8- Oil prices eased on Monday on concerns that slower economic growth in China and the debt crisis in Europe will curb demand for petroleum, while the potential for Middle East turmoil to disrupt supplies limited losses.

  • ISTANBUL, Oct 8- Turkish lira and bonds eased in thin trade on Monday, with geopolitical risks weighing after bombardments between Syria and Turkish forces in the southeast of the country over the weekend.

  • DUBAI, Oct 8- Saudi Arabia's share index hit a 10- week low and most other Gulf Arab bourses declined on Monday as slumping oil prices and a gloomy start to the week on world markets weighed on regional sentiment.

  • *Kirk also seeks to blacklist entire energy sector of Iran By Roberta Rampton. WASHINGTON, Oct 8- Republican Senator Mark Kirk, who last year co-authored a package of U.S. sanctions on Iran's banking and oil sectors, is working on new legislation that would further tighten the economic noose on Tehran, an aide to the lawmaker said Monday.

  • DUBAI, Oct 8- The World Bank's financial arm International Finance Corp plans to increase its investments in Yemen, Iraq and North Africa next year to help support development and job creation, a senior IFC executive said.

  • Morgan Stanley's Qatar head Khalid al-Subeai resigned last week to join the investment banking division of unlisted Barwa Bank, while Goldman's Qatar Chief Executive Tamim al-Kawari has joined investment bank QInvest, part-owned by Qatar Islamic Bank, as deputy CEO, according to several sources aware of the matter.

  • MORGANTOWN, W.Va.-- Protea Biosciences says it's started new international distributor partnerships with several companies in Israel, Poland, Spain, Portugal and Turkey. The Morgantown, W.Va.- based company says that reflects its continuing, successful expansion.

  • *World Bank says China economic slowdown could get worse. The World Bank on Monday cut its economic growth forecasts for East Asia and the Pacific region, home to two of the world's largest oil consumers, and said there was a risk the slowdown in China could be deeper and more prolonged than expected.