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  • Iran eager to prove 1M+ oil barrell exports

    Iran is already exporting over one million barrels per day, and expects to get to four million per day by June, reports CNBC's Michelle Caruso-Cabrera.

  • Alitalia, which is controlled by Abu Dhabi carrier Etihad Airways, signed a memorandum of understanding Wednesday with the Maltese government to launch due diligence on a possible deal. Malta tourism minister Edward Zammit Lewis said Air Malta will cease talks with other airlines, and that financial details of a possible deal are still to be determined.

  • LONDON, April 27- This year's oil price bounce has eased pressure from the Saudi riyal's dollar peg but volatile energy swings mean the currency remains vulnerable, especially if Riyadh fails to deliver fast on its reform plans. Investors say, however, that devaluation pressures have not gone away, even though Saudi Arabia has unveiled some details of a sweeping...

  • Anadolu Holding, which has interests in banking, retail and brewing, plans to venture into real estate with two developments in Istanbul this year, while Aksoy Holding, an energy-to-tourism conglomerate, is building a luxury residential complex on the Aegean coast and plans another project in Istanbul. Construction lies close to heart of President Tayyip...

  • KHOBAR, Saudi Arabia, April 27- The world's biggest energy company Saudi Aramco outlined financing plans on Wednesday that will support its expansion into new areas under a sweeping economic reform plan released by Riyadh this week. The plans suggest Saudi Arabia's state oil company, which Deputy Crown Prince Mohammed bin Salman estimated this week was worth...

  • TOKYO, April 27- Japan's biggest brokerage Nomura Holdings posted its first quarterly loss since 2011 on Wednesday and detailed deep cost cuts designed to get its global business back into the black. Nomura said it would target $700 million in cuts to its wholesale division within two years in a bid to return its overseas business to profit by March 2017.

  • DUBAI, United Arab Emirates— Etihad Airways on Wednesday announced profits of $103 million in 2015 off total revenues of $9.02 billion, marking a fifth year in the black on its strategy of partnering with other carriers. "Our profitability clearly demonstrates the success of our business strategy, based on organic growth boosted by our partnerships," James...

  • LONDON, April 27- " King Abdulaziz and the men who worked with him for the establishment of the state did not depend on oil and they established the kingdom without oil, and they ran this state without oil, and they lived in this state without oil," Saudi Deputy Crown Prince Mohammed bin Salman said in an televised interview on Monday. But if modern Saudi Arabia was...

  • CAIRO— The U.N. envoy to Libya says attacks by the Islamic State group are a serious threat to Libya's oil installations. Martin Kobler says in a statement Wednesday that he is deeply concerned by recent IS incursions into Libya's oil crescent region and militant attacks on oil fields, calling it a "grave assault" on the economy and "the livelihoods of millions of...

  • *Trump to address critical issues, campaign says. WASHINGTON, April 27- Donald Trump will set aside his bad-boy antics on Wednesday and, with the help of a teleprompter to keep him on message, outline what his foreign policies would be if he is elected U.S. president in November, campaign aides say. "I'm probably the last on the trigger," Trump told ABC's "Good Morning...

  • DUBAI, April 27- Gulf carrier Qatar Airways said on Wednesday it had some "issues" with the A350 passenger jet and it was putting pressure on planemaker Airbus to resolve the problems. When asked what issues Qatar Airways had with the A350, Al Baker declined to comment, other than to say they related to the supply chain. Qatar Airways is the largest customer of the A350,...

  • Iran attempts oil comeback

    CNBC's Michelle Caruso-Cabrera provides a rare behind the scenes look at Iran's attempts to ramp up oil production and exports after sanctions were lifted in January.

  • Ayatollah Ali Khamenei told hundreds of workers that a global deal, signed between Iran and world powers, had lifted financial sanctions, but U.S. obstruction was stopping Iran getting the full economic fruits of the agreement. "On paper the United States allows foreign banks to deal with Iran, but in practice they create Iranophobia so no one does business with...

  • *Choice between Boeing 737 MAX or Airbus 320 NEO- CEO. DUBAI, April 27- Saudi Arabia's Flynas will decide whether to order Boeing 737 MAX or Airbus 320 NEO planes before the start of the holy month of Ramadan in early June, the airline's chief executive said on Wednesday. Flynas currently leases Airbus A320s so choosing Boeing would create complications such as...

  • LONDON, April 27- Asian tech stocks led emerging equity losses on Wednesday, battered by a Wall Street selloff and signs of economic weakness, though firmer oil and expectations of a dovish U.S. MSCI's emerging equity index was flat after some of its biggest components- China, Taiwan and South Korea- closed in the red, with Hong Kong down 0.4 percent and the latter two...

  • Iran's struggle to regain business footing

    CNBC's Michelle Caruso-Cabrera provides a rare behind the scenes look at Iran's attempts to ramp up business since sanctions were lifted.

  • *Plan is to eventually list on London Stock Exchange. LONDON, April 27- Nestle has struck a deal with Britain's R&R Ice Cream to form a joint venture that will sell ice cream and frozen food in more than 20 countries, its latest attempt to adapt to a changing and more competitive market. The 50/ 50 joint venture, to be called Froneri, will combine the Nestle and R&R ice...

  • DUBAI, United Arab Emirates— Qatar's largest bank is investigating a security breach that appears to have exposed sensitive personal data for what could be hundreds of customers, including employees of international broadcaster Al-Jazeera and potentially senior government officials. Qatar National Bank acknowledged in an emailed statement Wednesday...

  • BEIJING, April 27- Guangzhou Automobile Group Co Ltd, whose partnership with Fiat Chrysler Automobiles NV enables the Milan- listed automaker to manufacture in China, wants Fiat Chrysler to return the favour by helping it enter the United States, a top executive told Reuters. China exported 728,200 mostly home-brand vehicles last year, an on-year decline of...

  • *Russia has so far dominated oil sales to China's teapot refiners. SINGAPORE, April 27- Saudi Arabia's sale of a spot crude cargo to an independent Chinese refiner marks a new phase in the turf war for dominance over Asia's oil market and sends a strong message to its rivals Russia and Iran: the fight for market share is on. It points to a more creative and less rigid...