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  • "The cyber attack hit servers based in the Middle East, India, Aberdeen and in a limited way Italy through a variant of Shamoon malware," the company said in a statement on Wednesday. The Shamoon virus was used in some of the most damaging cyber attacks in history, starting in 2012 when it crippled tens of thousands of computers at Saudi Aramco and RasGas Co Ltd in the...

  • Saipem's head of digital and innovation, Mauro Piasere, told Reuters on Wednesday that the firm suspects that a Shamoon variant caused between 300 to 400 computers to stop working in an attack that was disclosed by the company on Monday and primarily affected its servers in the Middle East. Shamoon resurfaced again in late 2016 in a series of attacks in the...

  • COSCUEZ, Colombia/ TORONTO, Dec 12- A tiny company is trying to breathe new life into a fabled, four-century-old Colombian emerald mine without triggering unrest among wary locals who fear being shut out of the tunnels where they hunt for gems and make a meager living. Fura Gems, the first listed emerald miner to operate in Colombia, has $10 million invested to date.

  • ZUBAIR OILFIELD, Iraq, Dec 12- Iraq has increased production at its southern Halfaya oilfield by 100,000 barrels per day to a total of 370,000 bpd, an oil official told Reuters on Wednesday. Iraq's oil ministry is studying offers submitted by several foreign energy companies for the Halfaya gas project, including China Petroleum Engineering& Construction...

  • The 380- cst fuel oil cash premium jumped to $4.90 a tonne to Singapore quotes, up from $4.66 a tonne on Monday and up from a near three-month low of $4.25 a tonne on Friday. By contrast, trade activity in the paper market was muted, with time spreads and 380- cst barge crack values near their previous close, broker sources said. WINDOW TRADES- Eight cargo trades were...

  • DOHA, Dec 10- The Qatar Investment Authority has accelerated its investments in technology and is keeping the door open to strategic partnerships for technology investments, its CEO said on Monday. In the United States, the fund is focusing on "classic" sectors such as real estate, financials, and technology, Mansour Ibrahim al-Mahmoud told Reuters on the...

  • Abu Dhabi Terminals branding is seen on the side of an office atop a ship-to-shore gantry crane at Khalifa Port, operated by Abu Dhabi Ports Co.

    The CEO of Abu Dhabi Ports says the company remains "good allies of all countries" as it embarks on a new agreement that will see its flagship port become a hub in China's wide-reaching belt and road initiative.

  • LONDON, Dec 6- A private accountant who set up offshore companies for two senior political figures in Malta was given a government consultancy in recent years worth nearly 60,000 euros per year, documents obtained by Reuters show. Brian Tonna, who created companies in Panama for a Maltese government minister and the prime minister's chief of staff, held the...

  • *Cairo prioritises spending on bread subsidies. CAIRO/ DUBAI, Dec 5- Egypt has not issued letters of credit for 16 recently purchased wheat cargoes which effectively means a delay in payment, sources said on Wednesday, although the authorities said appropriate payment guarantees had been or would be made. The payment issues affect cargoes ordered by the world's...

  • VIENNA, Dec 5- The U.S. government confirmed that Saudi Energy Minister Khalid al-Falih met with U.S. special representative for Iran Brian Hook in Vienna on Wednesday, contradicting a Saudi denial that the talks had taken place. The United States reimposed sanctions on OPEC member Iran last month. "Special Representative for Iran Brian Hook met briefly with the...

  • *Russia- Ukraine naval clash followed shipping holdups. BERDYANSK, Ukraine, Dec 5- When the Island Bay cargo ship arrived from Beirut at the Kerch Strait, gateway to the Azov Sea, it sailed into a perfect storm of geopolitics and bad weather. While the world digested the implications of the Nov. 25 incident, the most explosive clash in recent years, Russia said it had...

  • Dec 5- Saudi Arabia's stock market slid on Wednesday, as falling oil prices weighed on its banks and petrochemical stocks, while Dubai fell to its lowest in nearly three years, hurt by a drop in property stocks. The Saudi Arabian index lost 0.7 percent, with Al Rajhi Bank falling 0.5 percent and top petrochemical producer Saudi Basic Industries Corporation...

  • *Traders still wait for direction from Beijing. *China had become largest buyer of U.S. exported oil. SINGAPORE/ BEIJING, Dec 3- China imported its first U.S. crude oil cargo in around two months last week, according to industry sources and Refinitiv Eikon data- a deal made by an independent "teapot" refiner as larger players held off amid trade tensions.

  • *Doha locked in political row with OPEC's Saudi Arabia. DOHA, Dec 3- Qatar said on Monday it was quitting OPEC from January to focus on its gas ambitions, taking a swipe at the group's de facto leader Saudi Arabia and marring efforts to show unity before this week's meeting of exporters to tackle an oil price slide. Al-Kaabi told a news conference that Doha's decision "...

  • *OPEC "managed by a country", Qatar's Al-Kaabi says. DOHA, Dec 3- Qatar said on Monday it was quitting OPEC from January to focus on its gas ambitions, taking a swipe at the group's de facto leader Saudi Arabia and marring efforts to show unity before this week's meeting of exporters to tackle an oil price slide. Al-Kaabi told a news conference that Doha's decision "was...

  • *Qatar one of the smallest OPEC oil producers. DOHA, Dec 3- Qatar said on Monday it was quitting OPEC from January 2019 but would attend the oil exporter group's meeting this week, saying the decision meant Doha could focus on cementing its position as the world's top liquefied natural gas exporter. "Qatar has decided to withdraw its membership from OPEC effective...

  • DUBAI, Dec 1- Iran and South Korea are working to set up a mechanism to barter South Korean goods for Iranian oil exports, an Iranian trade official was quoted as saying by the state news agency IRNA on Saturday, as Tehran seeks ways to sidestep U.S. sanctions. Iran has also been in talks with European countries on a mechanism to preserve the economic benefits of an...

  • Funds can be licensed in three UAE jurisdictions: the Dubai International Financial Centre, the Abu Dhabi Global Market, or onshore in the UAE. The reform "encourages foreign-licensed firms in financial free zones based in other countries to move to the UAE market," said Sultan bin Saeed al-Mansouri, UAE economics minister and chairman of the Securities and...

  • DUBAI, Nov 28- Arif Naqvi, founder of troubled buyout firm Abraaj, is making a last-ditch effort to rescue the remaining business of what was once one of the largest investors in emerging markets. The $13.6 billion company crumbled this year following turmoil triggered by a row with investors, including the Gates Foundation, over the use of their money in a...

  • *To post first market share growth in China since 2012. SINGAPORE/ BEIJING/ DUBAI, Nov 28- Saudi Arabia is set to expand its market share in China this year for the first time since 2012, with demand stirred up by new Chinese refiners pushing the kingdom back into contention with Russia as top supplier to the world's largest oil buyer. Saudi Arabia, the biggest global...