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  • DUBAI, June 30- State-controlled utility Saudi Electricity Co has obtained $1.5 billion in financing from Industrial and Commercial Bank of China, one of the largest loans ever extended by a Chinese bank in the Gulf. In January, China and the six Gulf Cooperation Council nations said they aimed to conclude a free trade agreement this year. Since it opened a branch...

  • RIYADH, June 29- Saudi Arabia's L'azurde Company for Jewellery, which surged on its trading debut in Riyadh on Wednesday, plans to almost double the number of its branches in the Middle East and North Africa by 2018.. "In the Gulf, there are opportunities I would say primarily in Qatar, the United Arab Emirates and Kuwait," he said, adding the company was looking to also...

  • ISTANBUL— The Latest on the explosions at Istanbul's Ataturk airport:. He was addressing his staff a day after suspected IS militants attacked Istanbul's busiest airport with gunfire and bombs, killing 42 people and wounding scores of others. Turkey's state-run Anadolu news agency says the death toll from the triple suicide bombing at Istanbul's Ataturk...

  • BEIJING, June 29- Saudi and Japanese officials will hold meetings on Wednesday to discuss Japanese investment into the planned initial public offering of a small part of Riyadh- controlled Saudi Aramco, said Khalid Al-Falih, the kingdom's energy minister. "We have a great relationship with energy companies in Japan and also financial institutions," Saudi's...

  • DUBAI, June 28- Saudi Arabia has begun talks with Six Flags Entertainment Corp to build theme parks, the company said on Tuesday, as part of the kingdom's efforts to expand its tourism sector and diversify the economy. Chief Executive John Duffey said in a television interview last week that Six Flags, which operates 18 parks in North America, wanted to open a park in...

  • President Barack Obama (L) and Britain's Prime Minister David Cameron play table tennis at Globe Academy on May 24, 2011 in London, England.

    The U.K. has been America’s closest ally, but Brexit changes everything. The US will be forced to find a new dance partner, says Philippe LeCorre.

  • A man looks at global rates at a currency exchange on June 24, 2016 in New York.

    Brexit has unleashed uncertainty for months and years to come in the foreign exchange markets, says Keith Underwood. Here are the winners and losers.

  • Larry Summers

    Former Treasury Secretary Larry Summers says Brexit after-effects on the world will depend "heavily on psychology."

  • John Kilduff

    Brexit with benefits: Don't miss out on the bargains in the U.S. equity market that have come courtesy of the British electorate, says John Kilduff.

  • *Powerful Saudi prince toured Silicon Valley this week. DUBAI/ RIYADH, June 23- The powerful young prince behind modernising reforms in Saudi Arabia presents himself as the champion of his nation's plugged-in youth, and his visit to Silicon Valley this week sought to bolster that image. Pictures of the denim-clad prince in Silicon Valley served both purposes.

  • *OPEC, non- OPEC producers may consult at Sept forum. Despite the collapse of talks on restraining production among OPEC and non- OPEC members earlier this year, he thinks the discussions were a success that might soon be repeated. "It paved the way for a reversal of negative trends in the oil markets," Novak told reporters last week after meeting OPEC member...

  • WASHINGTON, June 17- President Barack Obama and the deputy crown prince of Saudi Arabia on Friday discussed ways to support Iraqis in their fight against Islamic State militants and the importance of a political transition in war-torn Syria, the White House said. "The President expressed appreciation for Saudi Arabia's contributions to the campaign against...

  • President Barack Obama will meet with Saudi Arabia's powerful deputy crown prince on Friday and the two are expected to discuss conflicts in the Middle East including the campaign against Islamic State, a White House spokesman said on Thursday. White House spokesman Eric Schultz said the meeting would provide an opportunity to discuss issues including the...

  • President Barack Obama will meet with Saudi Arabia's powerful deputy crown prince on Friday and the two are expected to discuss conflicts in the Middle East including the campaign against Islamic State, a White House spokesman said on Thursday. Friday's meeting will take place at the White House. White House spokesman Eric Schultz said the meeting would...

  • *Saudi GDP growth by sector: http://link.reuters.com/tef52w. *Low oil prices prompt Thatcher-style policy change. JEDDAH, Saudi Arabia, June 16- After decades of government-led growth, Saudi Arabia is handing over much of the responsibility for the economy to private firms- a prospect which both pleases and worries businessmen, who wonder how they can finance...

  • DUBAI, June 16- Saudi Arabia's main state grain agency, the Saudi Grains Organization said on Thursday it was seeking to buy 300,000 tonnes of hard wheat in a tender. Of the total, 180,000 tonnes will be for shipment to the port of Jeddah and 120,000 tonnes to the port of Dammam. Saudi Arabia has become a major importer of hard and soft wheat since abandoning plans for...

  • A floorhand works on an oil rig in the Bakken shale formation outside Watford City, North Dakota.

    The collapse in crude prices is turning into a trillion-dollar retrenchment for the global oil industry.

  • *Egypt plans jail terms for black market trading. CAIRO/ RIYADH, June 15- Egypt's efforts to stamp out illicit currency trading is pushing black market dealers to carry out transactions abroad, beyond the reach of the law, robbing the economy of its last vital source of foreign currency. Dealers say they are scooping up dollars held by expatriate workers and...

  • John Kilduff

    The oil market's "real Achilles heel" is slowing economies in this region, says John Kilduff.

  • *Oil exports to Europe recover to near pre-sanctions level. TOKYO, June 14- Iran's oil exports are on track to hit the highest in almost 4 1/ 2 years in June, as shipments to Europe recover to near pre-sanctions level, according to a source with knowledge of the country's crude lifting plans. Before sanctions were enforced in mid-2012, Iran was exporting about 2.2...