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  • DUBAI, Oct 4- HSBC Holdings Plc is to significantly scale back the scope of its global Islamic banking operations, as the business becomes the latest area to be affected by a wider restructuring at the UK- based bank.

  • KHOBAR, Saudi Arabia, Oct 3- Top oil exporter Saudi Arabia has raised its Arab Light crude price for Asian buyers in November by 90 cents, its state-owned company Saudi Aramco said on Wednesday.

  • Med Crude-Urals strengthens in Surgut tender Wednesday, 3 Oct 2012 | 1:59 PM ET

    Oil firm Surgut was believed to have awarded its tender for three cargoes from the Baltic port of Primork to Shell, Repsol and Litasco with prices of the prompt cargo pegged at around dated Brent minus $1.7 per barrel. Later cargoes were believed to be sold at dated Brent minus $1.50, some 20 cents stronger than prices earlier this week.

  • MIDEAST STOCKS-UAE hits new peaks on property sentiment Wednesday, 3 Oct 2012 | 10:24 AM ET

    DUBAI, Oct 3- Dubai's bourse hit its highest level in five months, while Abu Dhabi's index ended at a fresh 14- month high, as confidence in the reviving local property market boosted real estate stocks.

  • KHASAB, Oman, Oct 3- The fibre-glass skiffs hurtle across the water at break-neck speed, skirting the rocky cliffs on the last leg of the perilous journey from Iran to the sleepy backwaters of Oman's Musandam peninsula.

  • KHOBAR, Saudi Arabia, Oct 3- Saudi Aramco Lubricating Oil Refining Co expects to award a contract to double the capacity of a lubricants refinery in Yanbu this month, the company's spokesman said on Wednesday.

  • TIMELINE-Clashes and protests in Iran Wednesday, 3 Oct 2012 | 8:11 AM ET

    Oct 3- Here is a look at protests in Iran as clashes break out in Tehran over the collapse of the rial currency:. Several people are killed in Tehran and other cities when thousands take to streets.

  • TIMELINE-Clashes in Iran Wednesday, 3 Oct 2012 | 8:08 AM ET

    Oct 3- Here is a look at protests in Iran as clashes break out in Tehran over the collapse of the rial currency:. Several people are killed in Tehran and other cities when thousands take to streets.

  • ABB Wins $115 order to support Saudi rail network Wednesday, 3 Oct 2012 | 4:13 AM ET

    ZURICH, Oct 3- Swiss engineering group ABB. said on Wednesday it has won an order worth around $115 million from Saudi Electricity Company to improve the reliability of the transmission grid that feeds major Saudi railway interconnections.

  • KHOBAR, Saudi Arabia, Oct 3- Top oil exporter Saudi Arabia has raised its Arab Light crude price for Asian buyers in November by 90 cents, its state-owned company Saudi Aramco said on Wednesday.

  • Swedes slam IKEA for its female-free Saudi catalogue Tuesday, 2 Oct 2012 | 10:01 AM ET

    STOCKHOLM, Oct 2- IKEA, the world's biggest furniture retailer, has come under heavy criticism in its home market Sweden after it airbrushed women out of its latest catalogue in Saudi Arabia, raising questions about its policies towards gender equality. "And if there is any country in the world that needs to know IKEA's values, it is Saudi Arabia.

  • DUBAI, Oct 2- The Abu Dhabi index hit a 14- month on Tuesday, lifted by real estate stocks which gained on the prospect of consolidation in the struggling sector. Aldar Properties and Sorouh Real Estate were the main drivers, together accounting for nearly 75 percent of all shares traded on the bourse.

  • *Oil output at TNK-BP falls almost 1 pct in Sept vs Aug. Russia's oil output edged up 0.3 percent in September compared with August to reach 10.41 million barrels per day, encouraged by oil price increases.

  • MOSCOW, Oct 2- Russia's oil output, the world's largest, edged up 0.3 percent in September compared with August to reach a new post-Soviet high of 10.41 million barrels per day on the back of oil price increases, Energy Ministry data showed on Tuesday. In tonnes, Russia's crude production stood at 42.59 million last month, the ministry said.

  • *Alberta premier sees "a lot of benefit" for province. OTTAWA, Oct 1- The premier of the oil-rich province of Alberta said she sees benefits from the proposed $15.1 billion sale of Canadian oil producer Nexen Inc to a Chinese state-owned company, but a survey published on Monday showed half the country's executives would oppose a no-strings deal.

  • *He mentions Qatar, Saudi Arabia, Turkey, US, France, Libya.

  • *He mentions Qatar, Saudi Arabia, Turkey, US, France, Libya.

  • *Alberta premier sees "a lot of benefit" for province. OTTAWA, Oct 1- The premier of the oil-rich province of Alberta said she sees benefits from the proposed $15.1 billion sale of Canadian oil producer Nexen Inc to a Chinese state-owned company, but a survey published on Monday showed half the country's executives would oppose a no-strings deal.

  • NEW YORK, Oct 1- U.S. manufacturing unexpectedly expanded in September for the first time since May as new orders and employment picked up, but the pace of growth showed the economy was still stuck in a slow recovery. The Institute for Supply Management said on Monday its index of national factory activity rose to 51.5 from 49.6 in August.

  • By Gernot Heller and James Regan. BERLIN/ PARIS, Oct 1- Airbus parent EADS and arms group BAE Systems must restructure a $45 billion merger, a top shareholder said, as a government source threatened that Britain would block talks to create the world's biggest defence company unless its demands were met.