Business Middle East

  • BERLIN, Jan 18- Germany looks set to hold its federal election on Sunday 24 September, with Chancellor Angela Merkel seeking a fourth term in office and the anti-immigrant Alternative for Germany party expected to enter the national parliament for the first time. Merkel faces a tougher re-election campaign than previously after allowing more than a million...

  • US aligned with Saudi Arabia on foreign policy/Iran

    Saudi Arabian Prince Turki al-Faisal adds that Iran is a "disruptive element" in the region.

  • The Kingdom is prosperous: HRH Prince Turki

    H.R.H. Prince Turki Al Faisal Al Saud, chairman of King Faisal Center for Research and Islamic Studies, says he’s confident that the future of Saudi Arabia remains very bright.

  • Saudi Arabia's current budget and its international relations

    CNBC’s Hadley Gamble talks about the economic state of Saudi Arabia, and how it’s trying to remove its dependency from oil.

  • H.R.H. Prince Turki: Seeking to have good relations with Russia

    H.R.H. Prince Turki Al Faisal Al Saud, chairman of King Faisal Center for Research and Islamic Studies, says Saudi Arabia must keep aligned with Russia, especially on issues of peace.

  • SYDNEY, Jan 18- Buying on the back of a weaker dollar tipped London copper into positive territory in early Asian trading on Wednesday. The most-traded copper contract on the Shanghai Futures Exchange fell by 2 percent to 46,280 yuan a tonne. *India is seeking a dividend of up to $2.2 billion from partly state-owned Hindustan Zinc Ltd, three people with knowledge...

  • NEW YORK, Jan 17- U.S. oil prices hit their biggest discount to global benchmark Brent crude in five months on Tuesday as President-elect Donald Trump said an oil import tax plan would be too complex and as a global deal to reduce supply hits Middle East output. A glut in global supply had limited the appetite for crude from the United States until late last year, even...

  • Commodities tomorrow:

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

  • President-elect Donald Trump had misunderstood the Iran nuclear deal and that it was not up for renegotiation. This cannot be done, " Helga Schmid, Secretary General of the European Union's foreign policy service in Brussels, said of the deal brokered by the bloc between Iran, the United States, France, Germany, Britain, Russia and China. Despite their often fraught...

  • *FTSE makes biggest one-day drop since June 2016. MILAN, Jan 17 (Reuters)- European shares ended flat on Tuesday, coming off lows after British Prime Minister Theresa May provided some clarity on her country's plans to leave the European Union. Concerns over a "hard" Brexit had been weighing on the pound in recent weeks, helping the FTSE end at all-time highs on Monday...

  • FRANKFURT, Jan 17- Germany's Lufthansa is not in talks about Etihad Airways taking a stake in the German airline, two sources familiar with the matter said on Tuesday, denying an Italian newspaper report that said it was. A source familiar with state-owned Etihad also said Abu Dhabi would not want to pay for a stake in Lufthansa. Il Messaggero earlier reported,...

  • JERUSALEM— Israel's Benjamin Netanyahu might be upbeat these days: The economy is growing, his opposition is weak and the incoming Trump administration seems friendly, even to the much-maligned Jewish settlements in the West Bank. It follows previous allegations that Netanyahu improperly accepted lavish gifts from wealthy supporters— including...

  • *New Zealand exports dairy, meat, wood to Gulf. DUBAI, Jan 17- New Zealand is pressing to finalize a stalled free trade deal with the six-nation Gulf Cooperation Council that includes two of the Middle East's largest economies, Saudi Arabia and the United Arab Emirates. The GCC comprises Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Oman.

  • *New Zealand exports dairy, meat, wood to Gulf. DUBAI, Jan 17- New Zealand is pressing to finalise a stalled free trade deal with the six-nation Gulf Cooperation Council that includes two of the Middle East's largest economies, Saudi Arabia and the United Arab Emirates. The GCC comprises Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Oman.

  • *China economy worries ease but big risks remain. DAVOS, Switzerland, Jan 17- Chinese President Xi Jinping offered a vigorous defence of free trade at the World Economic Forum in Davos on Tuesday in a speech that underscored Beijing's desire to play a greater global role as the United States turns inward. Real estate mogul and former reality TV star Trump, who will...

  • *China economy worries ease but big risks remain. DAVOS, Switzerland, Jan 17- Chinese President Xi Jinping offered a vigorous defence of free trade at the World Economic Forum in Davos on Tuesday in a speech that underscored Beijing's desire to play a greater global role as the United States turns inward. Real estate mogul and former reality TV star Trump, who will...

  • *State ender VTB issued $11 bln loan, filings show. MOSCOW, Jan 17- Russian state-owned bank VTB lent over $11 billion to Qatar and commodities trader Glencore four days after they signed a deal to buy a stake in Russian state oil firm Rosneft for the same amount of money, according to company records seen by Reuters. Qatar's sovereign fund, the Qatar Investment...

  • *State ender VTB issued $11 bln loan, filings show. MOSCOW, Jan 17- Russian state-owned bank VTB lent over $11 billion to Qatar and commodities trader Glencore four days after they signed a deal to buy a stake in Russian state oil firm Rosneft for the same amount of money, according to company records seen by Reuters. Qatar's sovereign fund, the Qatar Investment...

  • *Iraq's share of OPEC production cut is 210,000 bpd. *Export data points to steady shipments from northern Iraq. LONDON, Jan 17- Oil exports from Iraq's southern terminals have fallen so far in January, according to loading data and an industry source, a sign that OPEC's second-largest producer is following through on the group's decision to cut output.

  • *Rising U.S. production seen offsetting OPEC cuts. LONDON, Jan 17- Oil prices rose on Tuesday, supported by a falling U.S. dollar and Saudi Arabia saying it would adhere to OPEC's commitment to cut output. Brent crude futures, the international benchmark for oil prices, were up 76 cents at $56.52 a barrel by 1451 GMT, having risen earlier by more than $1 to a session high...