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  • *Tenders expected for Vietnam, Indonesia, Malaysia and India. DUBAI, May 10- Turkish airport operator TAV is planning to bid for new tenders in Vietnam, Indonesia, Malaysia and India in the next 12-24 months, Chief Executive Sani Sener told Reuters on Tuesday, aiming to accelerate its push into new markets. "We are going to be very active in South East Asia and Africa and...

  • DUBAI, May 10- Dubai's flagship carrier Emirates will buy more of the existing A380 model if Airbus decides not to press ahead with a version with new engines, Emirates President Tim Clark said on Tuesday. The superjumbo, which typically seats 544 passengers, has helped Emirates ease runway constraints at its Dubai hub, but Airbus plans to cut production due to...

  • LAUNCESTON, Australia, May 9- Saudi Arabia's decision to hike crude oil prices to Asian customers by the most in more than a year is both understandable and curious. Saudi Aramco, the kingdom's state oil company, lifted its official selling price for June-loading cargoes for the main Arab Light grade to a premium of 25 cents a barrel to the Oman- Dubai benchmark, up...

  • LONDON/ DUBAI, Dec 8-- If Ali al-Naimi were to review his time as Saudi oil minister, he might feel events had turned full circle. Two years after the long-serving technocrat's 1995 promotion to become only the kingdom's fourth oil minister in 40 years, Naimi pushed through an ill-fated Organization of the Petroleum Exporting Countries deal in Indonesia to lift...

  • *Iran insists "production management" should be OPEC goal. *No more OPEC free-riders, governors' meeting is told. *Rivals believe Saudis don't care about OPEC any more.

  • LONDON, May 4- Royal Dutch Shell reduced its 2016 spending plans on Wednesday by another 10 percent from the target set in February when it completed the acquisition of BG Group, and said it could cut further if needed. In its first results since the deal that transformed it into the world's top liquefied natural gas producer, Shell trimmed spending to $30 billion...

  • *GRAPHIC- Saudi corporate earnings: http://tmsnrt.rs/1W1H1nf. DUBAI, May 4- Saudi Arabian companies are faring better in an era of austerity than many investors feared, but they face more pain in the coming months as gains from cost-cutting and efforts to improve efficiency become more difficult. The world's largest oil exporting country is in the grip of a...

  • DUBAI, May 3- Saudi Arabia announced a string of reforms to its stock market that could attract billions of dollars of fresh foreign money and smooth sales of state assets as the kingdom grapples with damage to its finances caused by low oil prices. When Riyadh opened its bourse to direct foreign investment last June, it took a cautious approach, imposing tight...

  • DUBAI, May 1- Stock markets in the Gulf were mixed in early trade on Sunday with Saudi Arabia's bourse buoyed by commodity-related shares while banks weighed on United Arab Emirates indexes. Saudi Basic Industries added 1.2 percent; Abdullah bin Mohammed al-Issa, a board member of Saudi Basic Industries, will also join Ma'aden's board. Heavyweight First Gulf...

  • DUBAI, May 1- Gulf stock markets may move little on Sunday with few positive catalysts, while weak bank earnings may continue to cap Abu Dhabi. After weak results from blue-chip Abu Dhabi banks last week, Union National Bank posted a 27 percent drop in first- quarter net profit. Shares in UNB dropped 4.5 percent last week as other Abu Dhabi bank shares slumped.

  • TORONTO, April 30- The Canadian government is eager to consider joining the pension fund Caisse de depot et placement du Quebec in investing in a new public transport light rail network in Montreal, the third-largest of its kind in the world, Prime Minister Justin Trudeau said on Saturday. Speaking at a Liberal convention in Montreal, Trudeau told reporters he...

  • ATLANTA, April 29- Delta Air Lines Inc sees opportunities for the airlines in which it owns equity stakes to cooperate more in the next five years, Delta's incoming Chief Executive Ed Bastian told reporters in Atlanta on Friday. Delta's incoming President Glen Hauenstein later told reporters sitting on one of the airline's widebody aircraft in Atlanta that...

  • *7 mln barrels of Forties amass in N Sea this month. LONDON, April 29- Dozens of tankers with unsold crude have been amassing at sea in the past few weeks, vividly reminiscent of 2015 when a recovery in oil prices was scuppered by rising physical supply. Even as the price rallied, U.S. crude inventories hit record highs, and cargoes of unsold oil linger in West Africa and...

  • *Germany says "America first" is no answer to post-Cold War world. LONDON, April 28- Donald Trump's first major foreign policy address alarmed American allies, who view the Republican front runner's repeated invocation of an "America first" agenda as a threat to retreat from the world. "I can only hope that the election campaign in the USA does not lack the perception...

  • DUBAI, April 28- Share price declines among leading banks in the United Arab Emirates after disappointing quarterly earnings reports pulled down stock markets there on Thursday, while Saudi Arabian shares edged down. First Gulf Bank made a net profit of 1.33 billion dirhams, down 6 percent as income from fees and commissions slipped; two analysts polled by...

  • There are two main factors at work that are improving the outlook for the region's major industrial and transport fuel, namely the expectation of stimulus spending in China and refinery maintenance in the region, as well as the Middle East. The profit margin per barrel of gasoil in Singapore over Dubai crude was $10.11 on Wednesday, up about 63 percent from the...

  • 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...

  • 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,...

  • *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...