Business News Middle East

  • DUBAI, Aug 18- A top Iranian constitutional body has demanded changes to anti-money laundering measures passed by parliament, state-run media said on Saturday, as Tehran nears a deadline to pass legislation to help it attract investment while facing U.S sanctions. Iran has been trying to implement standards set by the Financial Action Task Force, an...

  • BUENOS AIRES- Central Bank of Argentina releases monetary policy statement WARSAW- National Bank of Poland holds monetary policy council meeting. BUDAPEST- Hungarian Central Bank holds its rate-setting meeting- 1200 GMT. SYDNEY- Reserve Bank of Australia will release the minutes of August monetary policy meeting 0130 GMT.

  • MOSCOW, Aug 17- Russia's agriculture ministry said it held a meeting on Friday with grain exporters to discuss export volumes of grains. Russia is one of the world's leading grain exporters with massive sales especially of wheat to regions including the Middle East, Africa and Asia. Chicago wheat rose sharply after the news, as the United States and the European...

  • A man sells Turkish flags amongst crowds of shoppers on a market street on August 16, 2018 in Istanbul, Turkey. 

    Turkey's financial crisis is rippling through the economy,  shutting down power plants and threatening the supply of life-saving drugs, The New York Times reports.

  • DUBAI, United Arab Emirates— Saudi Arabia said early on Friday that it has contributed $100 million to northeast Syria for "stabilization projects" in areas once held by the Islamic State group and now controlled by U.S.-backed forces. The State Department said it had notified Congress on Friday that it would not spend some $230 million that had been planned for...

  • **MANILA, Philippines- Philippines central bank Governor Nestor Espenilla Jr. at an economic forum 0130 GMT. **JOHANNESBURG, South Africa- South African Reserve Bank Governor Lesetja Kganyago addresses learners- 1030 GMT BOGOTA- Colombia's new president Ivan Duque, as well as members of his cabinet, central bank board members and business leaders will attend a...

  • WASHINGTON, Aug 16- Leaders from both parties on a powerful Senate committee vowed on Thursday to push back if President Donald Trump moves ahead with plans to bypass Congress and roll back billions of dollars from the U.S. foreign aid budget, including funds for programs in Syria and the West Bank and Gaza. The rescission process cuts money that has been...

  • WASHINGTON, Aug 16- Leaders from both parties on a powerful U.S. Senate committee pledged on Thursday to push back if President Donald Trump moves ahead with plans to bypass Congress and roll back billions of dollars from the foreign aid budget, including funds for Syria and the West Bank and Gaza. The recission process cuts money that has been appropriated by...

  • ISTANBUL— Beset by a shaky currency and tension with the United States, Turkey is reaching out to Europe to shore up relations with major trading partners despite years of testy rhetoric and a stalled bid for EU membership. Also this week, Qatar pledged $15 billion in investments in Turkey and Russia's foreign minister talked about using national currencies...

  • *Lebanon nearly 3 months without government. That all comes at a time of renewed political uncertainty as Lebanon nears three months without a government. With growth low and traditional sources of foreign exchange- tourism, real estate and foreign investment- undermined by years of regional tension, Lebanon is now relying more on the billions of dollars...

  • PARIS, Aug 16- Shortly after launching a new project in Angola, French oil major Total said it was searching for more resources in Africa, including in Senegal and Mauritania. The company is historically strong in Africa and, buoyed by rising oil prices and improved terms for its multi-billion dollar Kaombo contract in Angola, it is doubling down.

  • Aug 16- Shares in Britain's Rank Group fell as much as 7 percent on Thursday after the bingo and casino hall operator posted a 40 percent drop in full-year profit and its new management announced a plan to boost revenue and cut costs. Seeking to attract and retain new customers as fewer younger people visit its Mecca bingo halls and Grosvenor casinos, Rank is...

  • HAIFA, Israel _ Elbit Systems Ltd. on Thursday reported second-quarter earnings of $91.9 million. The Haifa, Israel- based company said it had net income of $2.15 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • *Japan boosts imports of U.S. LPG exports to China, Japan: https://tmsnrt.rs/2BgiCrz. Robust Japanese purchases of LPG, often used as fuel for transport or cooking, underscore how the impact from the festering trade dispute between Washington and China is rippling across supply chains around the world.

  • *Beijing to send delegation to Washington in late August. SINGAPORE, Aug 16- Oil prices on Thursday clawed back some of the previous day's losses after Beijing said it would send a delegation to Washington to try to resolve a trade dispute between the United States and China that has roiled global markets. Brent crude oil futures were at $71.11 per barrel at 0712...

  • *Beijing to send delegation to Washington in late August. SINGAPORE, Aug 16- Oil prices on Thursday recouped some of the previous day's losses after Beijing said it would send a delegation to Washington to try to resolve trade disputes between the United States and China that have roiled global markets. China and the United States have implemented several...

  • *China's Dalian soybean prices fall in relief for processors. SINGAPORE, Aug 16- Chicago soybean futures bounced back on Thursday, rising more than 2 percent as news on Beijing- Washington holding new round of trade talks boosted hopes of U.S. soybean sales to top importer China. A Chinese delegation led by vice commerce minister Wang Shouwen will travel to the...

  • SINGAPORE, Aug 16- Chicago corn futures lost more ground on Thursday with prices being pressured by expectations of a bumper U.S. harvest and a strong dollar. *The dollar held near a 13- month peak on Thursday as political turmoil in Turkey and concerns about China's economic health continued to support safe-haven assets and weighed on emerging market...

  • SAN FRANCISCO, Aug 15- Uber Technologies Inc said on Wednesday it narrowed its quarterly losses from a year earlier, although the ride-hailing company is still a long way from proving it can be profitable as it gears up to go public in 2019.. Uber's net loss narrowed to $891 million in its second quarter ending June 30 from $1.1 billion a year earlier.

  • NEW YORK, Aug 15- Oil futures slid on Wednesday, with U.S. crude settling 3 percent lower after government data showed a surprise weekly increase in domestic crude stockpiles, compounding worries about the global economic growth outlook. U.S. crude futures settled at $65.01 a barrel, down $2.03, or 3 percent. Brent crude futures were down $1.70, or 2.35 percent, at...