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Business United Arab Emirates

  • DUBAI, Jan 10- Airbus has finalized an agreement to sell more than 60 jets to Saudi Arabian budget carrier flynas, according to industry sources. The order from flynas is expected to cover over 60 A320neo narrow body jets, one of the sources with direct knowledge of the deal told Reuters. An order for 60 A320neos would be worth $6.4 billion at list prices.

  • *Saudi Arabia, others expected to cut supplies. "I see this as a dead cat bounce," said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen. Tamas Varga, analyst at London broker PVM, agreed:.

  • *Saudi Arabia, others expected to cut supplies. "I see this as a dead cat bounce," said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen. Tamas Varga, analyst at London broker PVM, agreed:.

  • *Saudi Arabia, others expected to cut supplies. "I see this as a dead cat bounce," said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen. Tamas Varga, analyst at London broker PVM, agreed:.

  • *Saudi Arabia, Abu Dhabi expected to cut supplies. "I see this as a dead cat bounce," said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen. Tamas Varga, analyst at London broker PVM, agreed:.

  • SINGAPORE, Jan 10- Oil edged up on Tuesday on hopes that some planned output cuts agreed by OPEC and other producers would be implemented, recovering some ground from losses the previous day over doubts the reductions would rebalance an oversupplied market. Analysts said the gains on Tuesday came from expectations that some of the cuts planned by the...

  • *Concerns mount that Iraq will not comply with planned cuts. Brent crude futures, the international benchmark for oil prices, were trading at $55.14 per barrel at 0426 GMT, up 20 cents from their last close. Analysts said the small gains on Tuesday came from expectations that some of the cuts planned by the Organization of the Petroleum Exporting Countries and...

  • SINGAPORE, Jan 10- Oil markets on Tuesday were torn between production cuts by major exporters Saudi Arabia and Russia and reports that supplies from other regions including North America, Iraq, and Iran could offset any restraint aimed at curbing a global glut. That came after prices fell around 4 percent the previous session on the back of concerns that rising...

  • SINGAPORE, Jan 10- Oil markets opened on Tuesday torn between production cuts by major exporters Saudi Arabia and Russia and reports showing that supplies from other regions including North America, Iraq, and Iran could offset any restraint aimed at curbing a global glut. That came after prices fell around 4 percent the previous session on the back of concerns...

  • *Airbus delivered well over 680 jets in 2016, data shows. *Deliveries higher than expected after December factory blitz. PARIS, Jan 9- Airbus is set to post an 8 percent rise in deliveries for 2016, beating expectations, after a sprint to the finish line that narrowed the gap with arch-rival Boeing, according to industry experts and records of aircraft movements.

  • MILAN/ PARIS, Jan 9- Alitalia and its shareholders presented their latest business plan to Italy's government on Monday, paving the way for crunch talks with unions over up to 2,000 job cuts that could decide the future of the struggling carrier. Italy's flag carrier approved on Dec. 22 a short-term financing deal and a new strategy, including job cuts, that allowed...

  • *Petrochemical shares weigh on Saudi as Brent near $56. DUBAI, Jan 9- Egypt's main stock index corrected on Monday as local traders booked profits and Gulf markets diverged with United Arab Emirates markets outperforming as traders focused on financial shares while a retreat in oil prices weighed on Saudi Arabian petrochemical producers.

  • DUBAI, Jan 9- Investment Corporation of Dubai, the Dubai government's main investment arm, is likely to issue its planned U.S. dollar-denominated bond this month but has yet to decide whether it will be a sukuk or a conventional bond, sources said on Monday. Dubai Islamic Bank could also be involved should the deal be a sukuk rather than a conventional transaction,...

  • *Iran sold over 13 mln barrels of crude stored on tankers. SINGAPORE, Jan 9- Oil prices fell on Monday as increased exports from Iran undermined efforts by other oil producers to curb a global fuel supply overhang and as U.S. drillers increased activity for a 10th straight week. The lower prices were a result of rising exports from Iran that come just as other members...

  • *Iran sold over 13 mln barrels of crude stored on tankers. SINGAPORE, Jan 9- Oil prices fell on Monday as increased exports from Iran undermined efforts by other oil producers to curb a global fuel supply overhang and as U.S. drillers increased activity for a 10th straight week. Traders said the lower prices were a result of rising exports from Iran that come just as...

  • *Nama Chemicals continues plunging in Saudi Arabia. DUBAI, Jan 8- Most Gulf stock markets rose on Sunday on the back of firm oil prices and global equities, but profit-taking in sectors including petrochemicals pulled down Saudi Arabia. Two of the 10 were insurance firms, with Dubai Islamic Insurance jumping 4.6 percent and Islamic Arab Insurance adding 3.4...

  • PARIS/ DUBAI, Jan 8- Airbus said on Sunday Iran's state airline IranAir had accepted its first new jet, marking a key step in opening up trade under a nuclear sanctions deal between Iran and major powers. "The registration has been done, and the delivery should be by the end of the week," Reza Jafarzadeh, a spokesman for Iran's Civil Aviation Organization, told Reuters by...

  • PARIS/ DUBAI, Jan 8- Airbus said on Sunday Iran's state airline IranAir had accepted its first new jet, marking a key step in opening up trade under a nuclear sanctions deal between Iran and major powers. The Airbus A321 jetliner has been painted in IranAir livery and is expected to be delivered later this week. A spokesman for Iran's civil aviation authority said...

  • *Iran exempted from OPEC output cut agreement. LONDON, Jan 6- Iran has sold more than 13 million barrels of oil that it had long held on tankers at sea, capitalising on an OPEC output cut deal from which it is exempted to regain market share and court new buyers, according to industry sources and data. The oil sold in recent months has gone to buyers in Asia including...

  • *Iran exempted from OPEC output cut agreement. LONDON, Jan 6- Iran has sold more than 13 million barrels of oil that it had long held on tankers at sea, capitalizing on an OPEC output cut deal from which it is exempted to regain market share and court new buyers, according to industry sources and data. The oil sold in recent months has gone to buyers in Asia including...