Business United Arab Emirates

  • *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...

  • *Asian shares steady but near 14- month high. S&P enjoys biggest 2- day rally in 2 months. LONDON, Sept 23- Stock markets were on course for their biggest weekly gain in two months on Friday after a week of central bank meetings which left investors still unconvinced that U.S. policymakers intend to put an end to an era of ultra-low interest rates.

  • SINGAPORE, Sept 23- Oil prices fell on Friday, pulled down by a sell-off following two sessions of strong rises and on caution ahead of a gathering of OPEC ministers next week in Algeria to discuss possible production cooperation to rein in global oversupply. Matt Stanley, a fuel broker at Freight Investor Services in Dubai, said that there was a lot of uncertainty...

  • DUBAI, United Arab Emirates— Aviation giants Airbus and Boeing Co. have received permission from the U.S. government to sell aircraft to Iran, part of landmark deals potentially worth some $50 billion in total following last year's nuclear accord. The next administration, however, may change that equation for Airbus and Boeing, whose possible deal with Iran...

  • *Egypt cancelled 3 consecutive wheat tenders after ban. CAIRO, Sept 21- Egypt has reversed its controversial zero-tolerance policy on the common grains fungus ergot, the government said on Wednesday, backtracking on an import regulation that had all but blocked its access to global wheat. Egypt, the world's largest buyer of wheat, has seen its imports grind to a...

  • *Egypt cancelled 3 consecutive wheat tenders after ban. CAIRO, Sept 21- Egypt has reversed its controversial zero-tolerance policy on the common grains fungus ergot, the government said on Wednesday, backtracking on an import regulation that had all but blocked its access to global wheat. Egypt, the world's largest buyer of wheat, has seen its imports grind to a...

  • *Egypt cancelled 3 consecutive wheat tenders after ban. CAIRO, Sept 21- Egypt has reversed its controversial zero-tolerance policy on the common grains fungus ergot, the government said on Wednesday, backtracking on an import regulation that had all but blocked its access to global wheat. Egypt, the world's largest buyer of wheat, has seen its imports grind to a...

  • ATHENS, Sept 21- Greece on Wednesday ratified a 7 billion-euro plan to turn a derelict former airport into one of Europe's biggest coastal resorts, as agreed with international lenders as a condition of fresh bailout aid. One abandoned plan was to create a financial district similar to London's Canary Wharf. Backed by Chinese conglomerate Fosun, an Abu Dhabi-...

  • The launch of the new $650 million facility in the eastern city of Fujairah on Wednesday will make it easier for hulking tanker ships known as "very large crude carriers" to load their cargo rather than have it ferried to them out at sea. Docking at Fujairah's Indian Ocean- facing port means the tankers will not have to sail through and back out the narrow Strait of...

  • DUBAI, United Arab Emirates— Airbus on Wednesday became the first airplane manufacturer to receive U.S. government permission to sell aircraft to Iran following last year's nuclear accord, getting final approval for a 17- plane sale that's part of a larger $25- billion deal. The next administration, however, may change that equation for Airbus and Chicago-...

  • DUBAI, United Arab Emirates— Airbus says US government grants license allowing it to sell first 17 planes in landmark Iran deal.

  • DUBAI, United Arab Emirates— A businessman accused of stealing $1.5 billion while working in the United Arab Emirates could face extradition to the Gulf nation after being detained in neighboring Saudi Arabia. Khater Massaad at one point ran the sovereign wealth fund of the small Emirati sheikhdom of Ras al-Khaimah and had ties to the man who is now the...

  • *Norway oil worker strike risks hit to output. LONDON, Sept 21- Oil prices jumped 2 percent on Wednesday after a surprisingly large drop in U.S. crude inventories and as an oil services workers strike in Norway threatened to cut North Sea output. Brent crude futures were up 91 cents at $46.79 per barrel by 1113 GMT, while West Texas Intermediate crude futures rose by...

  • *Norway oil worker strike risks hit to output. LONDON, Sept 21- Oil prices jumped 2 percent on Wednesday after a surprisingly large drop in U.S. crude inventories and as an oil services workers strike in Norway threatened to cut North Sea output. Brent crude futures were up 90 cents at $46.78 per barrel by 0955 GMT, while West Texas Intermediate crude futures climbed...

  • *Norway oil worker strike risks hit to output. SINGAPORE, Sept 21- Oil prices jumped over 1 percent on Wednesday, pushed by a reported draw in U.S. crude inventories and an oil service worker strike in Norway which may impact output. West Texas Intermediate crude futures were up 1.93 percent, or 85 cents, at $44.90 a barrel at 0644 GMT.

  • *Norway oil worker strike hits output. SINGAPORE, Sept 21- Oil prices jumped over 1 percent on Wednesday, pushed by a reported draw in U.S. crude inventories and an oil service worker strike in Norway which hit output. West Texas Intermediate crude futures were up 1.93 percent, or 85 cents, at $44.90 a barrel at 0644 GMT.

  • DUBAI, United Arab Emirates— The Mideast's biggest airline, which touts luxuries like onboard showers and an extensive movie selection, is adding something a bit more down-to-earth for those in the back of the plane: charges to pick your own seat ahead of time. Dubai- based Emirates said on Tuesday that the new fees will apply to its two lowest fare categories of...

  • ABU DHABI/ BEIRUT, Sept 19- Syria's wheat harvest nearly halved to 1.3 million tonnes this year, the lowest in 27 years, as fighting and poor rainfall further degraded the farming sector and the nation's ability to feed itself. The government of President Bashar al-Assad was forced to tender this summer for an unprecedented 1.35 million tonnes of imported wheat...

  • Sept 19- The following timeline charts the schedule for Quebec's pension fund, the Caisse de Depot et Placement du Quebec, to finance and oversee the construction of a new 67 kilometer public transit system in Montreal, the third largest automated transportation system in the world behind those in Dubai and Vancouver. JUNE 2015- Quebec's parliament authorizes...

  • Sept 19- The following timeline charts the schedule for Quebec's pension fund, the Caisse de Depot et Placement du Quebec, to finance and oversee the construction of a new 67 kilometer public transit system in Montreal, the third largest automated transportation system in the world behind those in Dubai and Vancouver. JUNE 2015- Quebec's parliament authorizes...