Asia Top News and Analysis Dubai

  • DUBAI, Aug 18- Weakness in banking shares pushed indexes in Saudi Arabia and Abu Dhabi lower in early trade on Sunday, while Qatari stocks rebounded on demand for Industries Qatar, which bounced back after sharp losses this month on weak earnings. Saudi stocks were down 0.1%, with Saudi British Bank down about 1% and Samba Financial Group falling 1.2%.

  • *Gibraltar says Grace 1 is free to sail. *Tehran denies vessel was headed for Syria. GIBRALTAR, Aug 16- An Iranian tanker caught in the standoff between Tehran and the West shifted position on Friday, but its anchor was still down off Gibraltar and it was unclear if it was ready to set sail soon.

  • *Tehran denies vessel was headed for Syria. GIBRALTAR, Aug 16- An Iranian tanker caught in the standoff between Tehran and the West shifted position on Friday, but its anchor was still down off Gibraltar and it was unclear if it was ready to set sail soon. The Grace 1 was seized by British Royal Marines at the western mouth of the Mediterranean on July 4 on suspicion of...

  • *Tehran denies vessel was headed for Syria. LONDON, Aug 16- An Iranian tanker caught in the standoff between Tehran and the West could sail free from British territory Gibraltar on Friday, unless a last-ditch push by the United States succeeds in dragging the saga back into court. Gibraltar lifted the detention order on Thursday after it said Tehran had given...

  • DUBAI, Aug 16- Iran has made no commitments to gain the release of its tanker from detention in Gibraltar, an Iranian government spokesman was quoted as saying on Friday, reiterating that Grace 1 was never bound for Syria as alleged by its captors. Fabian Picardo, chief minister for the British territory, said the detention order was lifted after written...

  • DUBAI/ LONDON, Aug 16- An Iranian tanker whose detention exacerbated frictions between Tehran and the West could sail free from British territory Gibraltar on Friday, though a U.S. request to halt its passage could drag the saga back into court. The Grace 1 was seized by British Royal Marine commandos in darkness at the western mouth of the Mediterranean on July 4...

  • SINGAPORE/ KUALA LUMPUR, Aug 16- While in the Indian Ocean heading toward the Strait of Malacca, the very large crude carrier Pacific Bravo went dark on June 5, shutting off the transponder that signals its position and direction to other ships, ship-tracking data showed. On July 18, the transponder of the VLCC Latin Venture was activated offshore Port Dickson,...

  • *142,000-360,000 bpd delivered into China in July- data firms. SINGAPORE/ BEIJING, Aug 8- China imported Iranian crude oil in July for the second month since a U.S. sanctions waiver ended, according to research from three data firms, with one estimate showing some oil entered tanks holding the country's strategic reserves. President Donald Trump's efforts to...

  • LONDON, Aug 1- People connected to the government of Saudi Arabia have run a network of fake accounts and pages on Facebook Inc to promote state propaganda and attack regional rivals, the social media giant said on Thursday. "The government of Saudi Arabia has no knowledge of the mentioned accounts and does not know on what basis they were linked to it," the Center for...

  • *Iran says U.S. sanctions on top diplomat "childish". DUBAI, Aug 1- President Hassan Rouhani said on Thursday that Iran was ready for the worst in an uphill struggle to salvage its nuclear deal with world powers abandoned by the United States, but that he was sure Tehran would eventually prevail. "We are not acting on the assumption we will get results through talks and...

  • ISTANBUL, July 31- Emirates NBD Group CEO Shayne Nelson said the bank would support Turkey's Denizbank if it needed a capital increase, as the Dubai- based lender completed the purchase of Denizbank on Wednesday. "The Turkey business could account for 8% to 10% of group earnings," said Malik Shabbir, a banking analyst at EFG Hermes. Turkey has had strained relations...

  • DUBAI, July 30- Saudi Arabia's capital market regulator on Tuesday approved two companies to test using robo-advisory services, or computer-generated advice for investors, as part of moves by the Arab world's biggest economy to encourage the use of financial technology. The approvals for Wahed Capital and Haseed Investing Co come after the Saudi central...

  • DUBAI, July 30- Saudi Arabia's capital market regulator on Tuesday approved two companies to test using robo-advisory services, or computer-generated advice for investors, as part of moves by the Arab world's biggest economy to encourage the use of financial technology. The approvals for Wahed Capital and Haseed Investing Co come after the Saudi central...

  • The United States reimposed sanctions on Iran in November after pulling out of a 2015 nuclear accord between Tehran and six world powers. Iran has nonetheless sent abroad about 100,000 bpd of crude in July, said the industry source, who tracks such flows. Vakhshouri estimated the most Iran could currently export at between 225,000 and 350,000 bpd, less than the...

  • DUBAI, July 30- The Dubai Financial Services Authority said on Tuesday it had fined two entities of private equity firm Abraaj $315 million, the largest financial penalties it had ever imposed. In the first major fines on Abraaj, which collapsed last year, DFSA imposed a penalty of around $300 million on Abraaj Investment Management Ltd and $15.3 million on...

  • DUBAI, July 29- Qatar Petroleum said on Monday it had agreed a deal with Total SA to acquire a stake in the French firm's two oil and gas blocks offshore Guyana, but the South American country's government said it was still reviewing the deal. Mark Bynoe, Guyana's director of energy, said the government was "studying" a letter from Total detailing the transaction but...

  • DUBAI, July 28- Saudi Arabia's stock market opened lower on Sunday, with Saudi Basic Industries Co, the world's fourth-biggest petrochemicals firm, weighing on the index after reporting its lowest quarterly profit since late 2009.. Saudi Arabia's benchmark index slipped 0.1% with SABIC and Saudi Electric falling 1.8% and 2.6% respectively.

  • DUBAI, July 27- Iran said on Saturday missile tests were part of its defensive needs and were not directed against any country, after Washington said Tehran had test-fired a medium-range missile. He said the nuclear deal was flawed because it did not include curbs on Iran's development of ballistic missiles or its support for proxies in Syria, Yemen, Lebanon and...

  • DUBAI, July 27- Iran's missile tests are part of the country's defensive needs and are not directed against any country, and Tehran does not need any power's permission, the semi-official news agency Fars on Saturday quoted an Iranian military source as saying. A U.S. defence official said on Thursday that Iran tested what appeared to be a medium-range ballistic...

  • *Saudi Arabia, Abu Dhabi not listed among investors. TOKYO, July 26- SoftBank Group Corp has secured pledges from Microsoft Corp and other investors of around $108 billion for a second Vision Fund aimed at investing in technology firms. Saudi Arabia's Crown Prince Mohammed bin Salman told Bloomberg in October his country was ready to commit a further $45 billion...