Business Middle East

  • *OPEC/ non- OPEC graphic: http://tmsnrt.rs/2ctYZNY. ALGIERS, Sept 26- Iran downplayed on Monday the chances of OPEC and non- OPEC oil producers clinching an output-restraint deal in Algeria this week even though several other members of the group said they still hoped for steps to tackle a price-eroding glut of crude. Oil prices have more than halved from 2014...

  • *OPEC delegate says hopes for pre-agreement. *OPEC/ non- OPEC graphic: http://tmsnrt.rs/2ctYZNY. ALGIERS, Sept 26- The United Arab Emirates said on Monday it would back a global freeze in oil output to bolster prices, while some OPEC delegates predicted a meeting of producing countries in Algeria this week could still yield a deal to restrain supply.

  • DUBAI, United Arab Emirates— Dubai Airports is boosting the number of specialized facilities to handle Airbus A380 planes at the Middle East's busiest airport as hometown carrier Emirates grows its fleet of the double-decker aircraft. The government-backed airport operator said Monday it plans to add 10 more A380 gates with air bridges at Dubai...

  • *Algeria minister says won't come out of meeting "empty-handed". LONDON, Sept 26- Oil rallied on Monday as the world's largest producers gathered in Algeria to discuss ways to support the market, with nervous trade driving volatility to its highest since exporters met in April. Members of the Organization of the Petroleum Exporting Countries are meeting...

  • Current regulations on drones in the UAE, introduced in April 2015, relate mainly to commercial licensing and approving how companies use drones and are under constant development, al Dossari told reporters at a regional conference on drones in the UAE capital. "The Emirates Authority for Standardisation& Metrology is working on laws that will have a...

  • *Algeria minister says won't come out of meeting "empty-handed". LONDON, Sept 26- Oil held steady on Monday, as the world's largest producers gathered in Algeria to discuss ways to support the market, although skepticism about any deal being reached has prompted money managers to cut their bullish bets to a one-month low. Members of the Organization of the...

  • The move is aimed at helping to boost Iran's sanctions-damaged economy. The credit limits and fee percentages will be fixed by Iran's Central Bank, although individual banks will be responsible for determining if a customer qualifies to receive a card. The move comes following last summer's landmark nuclear deal that brought the lifting of international...

  • *Algeria minister says won't come out of meeting "empty-handed". SINGAPORE, Sept 26- Crude prices rebounded on Monday after Algeria's energy minister said the day before that all options were possible for an oil output cut or freeze at this week's informal meeting of OPEC producers. Members of the Organization of the Petroleum Exporting Countries will meet on...

  • * "We won't come out of meeting empty-handed"- Algeria minister. SINGAPORE, Sept 26- Crude prices rebounded on Monday after Algeria's energy minister said the day before that all options were possible for an oil output cut or freeze at this week's informal meeting of OPEC producers. Members of the Organization of the Petroleum Exporting Countries will meet on the...

  • SINGAPORE, Sept 26- Crude prices rebounded on Monday after Algeria's energy minister said the day before that all options were possible for an oil output cut or freeze at this week's informal meeting of OPEC producers. Members of the Organization of the Petroleum Exporting Countries will meet on the sidelines of the International Energy Forum in Algeria from...

  • Sept 25- Iran introduced credit cards for the first time on Sunday, the Iranian Students' News Agency reported. Iran is looking to bolster its oil production and economy after world powers in January lifted sanctions against the Islamic Republic in return for Tehran complying with a deal to curb its nuclear ambitions. Valiollah Seif, the head of the central bank...

  • Sept 25- Iran introduced credit cards for the first time on Sunday, the Iranian Students' News Agency reported. Iran is looking to bolster its oil production and economy after world powers in January lifted sanctions against the Islamic Republic in return for Tehran complying with a deal to curb its nuclear ambitions. Valiollah Seif, the head of the central bank...

  • JERUSALEM— The Israeli military says it has indicted more than 145 Palestinians so far this year for incitement over social media. Israel says Facebook should do more to monitor and control content, raising a host of issues over whether the company is responsible for material posted by its users. Israeli lawmakers have proposed legislation that seeks to force...

  • TEHRAN, Iran— Iran's state TV is saying the country has started its first web-based national general census. This is the first time that Iran is using the internet to gather data for the census it conducts every five years. Iran's statistics center expects one third of the country's nearly 23 million households to choose the web-based service.

  • -0600 GMT PRAGUE- Czech National Bank Governor Jiri Rusnok to attend at discussion Future V4- business in Central and Eastern Europe- 0700 GMT JERUSALEM- Bank of Israel interest rates decision followed by Governor Karnit Flug holding a news conference- 1300 GMT. TUESDAY, SEPTEMBER 27 BEIJING- Asian Development Bank releases Asian Development Outlook 2016, its...

  • As if European politicians did not have enough on their plates grappling with Britain's exit from the European Union, Italy will start the countdown towards a high-stakes referendum on constitutional reform. With polls suggesting the vote-- expected in November or December-- could be close, and Prime Minister Matteo Renzi having staked his job on the vote, the...

  • DUBAI/ LONDON, Sept 23- Saudi Arabia has offered to reduce oil production if rival Iran caps its own output this year, four sources familiar with the discussions told Reuters, as Riyadh tries to strike an elusive OPEC deal to curtail supply and boost prices. OPEC holds an informal meeting next week in Algiers, which non-OPEC Russia will also join.

  • Saudi Arabia has offered to reduce oil production if rival Iran caps its own output this year, sources familiar with the discussions told Reuters as Riyadh seeks an OPEC deal to curtail supply and boost prices. The offer, yet to be accepted or rejected by Tehran, was made this month, the sources told Reuters ahead of three-day talks in Algeria beginning Monday...

  • WASHINGTON, Sept 23- Senior Republican U.S. House of Representatives lawmakers made clear on Friday they will keep campaigning against Boeing and Airbus jetliner sales to Iran, despite the Treasury Department's announcement that it had begun issuing licenses for the exports. Republican Representatives Pete Roskam and Jeb Hensarling wrote to Treasury's...

  • DUBAI/ LONDON, Sept 23- Saudi Arabia has offered to reduce oil production if rival Iran caps its own output this year, four sources familiar with the discussions told Reuters as Riyadh seeks an OPEC deal to curtail supply and boost prices. OPEC holds an informal meeting next week in Algiers, which non-OPEC Russia will also join. Riyadh is ready to cut output to levels...