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Business Middle East

  • PARIS, Nov 18- Saad al-Hariri, who resigned as Lebanon's prime minister this month while in Saudi Arabia, said on Saturday he would clarify his position when he returns to Beirut next week. "With regard to the political situation in Lebanon, I will go to Beirut in the coming days, I will participate in the independence celebrations, and it is there that I will make known...

  • PARIS, Nov 18- Saad al-Hariri, who resigned as Lebanon's prime minister this month while in Saudi Arabia, said on Saturday he would clarify his position when he returns to Beirut next week. "With regard to the political situation in Lebanon, I will go to Beirut in the coming days, I will participate in the independence celebrations, and it is there that I will make known...

  • Lebanon's Prime Minister Saad al-Hariri.

    Saad al-Hariri, who resigned as Lebanon's prime minister while in Saudi Arabia, arrived in Paris on Saturday as part of French mediation efforts.

  • PARIS, Nov 18- Saad al-Hariri, who resigned as Lebanon's prime minister this month while in Saudi Arabia, arrived in Paris on Saturday as part of French mediation efforts aimed at trying to ease tensions across the region. French President Emmanuel Macron, who welcomed Hariri with a warm embrace at the Elysee Palace for talks and a family lunch, leveraged France's...

  • CAIRO, Nov 18- Saudi Arabia has summoned its ambassador in Germany home for consultations over comments allegedly made by German Foreign Minister Sigmar Gabriel during a meeting with his Lebanese counterpart, the Saudi Foreign Ministry said on Saturday. The controversy revolves around the unexpected resignation of Lebanese Prime Minister Saad al-Hariri...

  • PARIS, Nov 18- Lebanon's Saad al-Hariri arrived in Paris on Saturday ahead of talks with French President Emmanuel Macron, French media reported. Hariri, who sparked a crisis by resigning as Lebanese prime minister on Nov. 4 while on a visit to Saudi Arabia, was seen leaving a Paris airport, French TV station BFM TV reported. Macron said on Friday he would welcome...

  • Nov 17- Saudi Arabian investment firm Kingdom Holding plans to sell its stakes in the Moevenpick Hotel and Four Seasons Hotel in Beirut, sources familiar with the matter said on Friday. The sources were speaking after the sale was reported in Lebanon's The Daily Star newspaper, which valued the deal to sell its Four Seasons Hotel stake at more than $110 million.

  • *OPEC to meet on Nov. 30 to discuss policy. NEW YORK, Nov 17- Oil prices rose about 2 percent on Friday, capping five sessions of losses, on expectations of an OPEC deal to extend curbs on production and the shutting of a major U.S. crude pipeline. Prices were still on track for their first weekly loss in six as rising U.S. output data was compounded by doubts that Russia...

  • *Follows warnings in July, Sept. Nov 17- Carillion's shares tumbled 34 percent after the British construction company issued its third profit warning in five months and said it was heading towards a breach of debt covenants and would need fresh capital. Shares in Wolverhampton- based Carillion, which also helps maintain Britain's roads, schools and hospitals,...

  • PARIS— France's Foreign Ministry said a Saudi-led coalition has "extracted" two French female journalists from war-torn Yemen. Ministry spokeswoman Agnes Romatet-Espagne said Foreign Minister Jean-Yves Le Drian discussed how to bring them back safely to Riyadh during his visit to Saudi Arabia on Thursday. Saudi-owned al-Arabiya television reported...

  • *BNP Paribas Chairman Jean Lemierre damped down speculation that France's biggest bank is interested in a tie-up with Germany's Commerzbank. **Abu Dhabi's Mubadala Development Co PJSC has made a binding offer for a majority stake in Brazilian infrastructure company Invepar SA involving injecting capital and buying shares held by pension funds, Invepar...

  • *BNP Paribas Chairman Jean Lemierre damped down speculation that France's biggest bank is interested in a tie-up with Germany's Commerzbank. **Abu Dhabi's Mubadala Development Co PJSC has made a binding offer for a majority stake in Brazilian infrastructure company Invepar SA involving injecting capital and buying shares held by pension funds, Invepar...

  • *OPEC to meet on Nov. 30 to discuss policy. *Rising U.S. output counters OPEC- led production cuts. LONDON, Nov 17- Oil prices rose on Friday but were still on track for a week of losses due to concerns about oversupply, as signs of rising U.S. output were compounded by doubts that Russia would support an OPEC deal to extend curbs on production.

  • BERLIN— Germany's foreign ministry says it will press Kuwait about a law that prevented its national airline from transporting an Israeli citizen on a flight originating in Frankfurt. Deputy foreign minister Michael Roth told Die Welt newspaper Friday that Germany's ambassador has been asked to raise the issue with Kuwaiti authorities.

  • DUBAI, Nov 17- A London High Court judge on Friday ruled in favor of creditors in a case over whether energy company Dana Gas must repay $700 million of Islamic bonds, a copy of the ruling seen by Reuters showed. Dana has said it does not have to redeem the bonds because it claims changes in the interpretation of Islamic finance over the past few years means the...

  • DUBAI, Nov 17- A London High Court judge on Friday ruled in favour of creditors in a case over whether energy company Dana Gas must repay $700 million of Islamic bonds, a copy of the ruling seen by Reuters showed. Dana has said it does not have to redeem the bonds because it claims changes in the interpretation of Islamic finance over the past few years means the...

  • *OPEC to meet on Nov. 30 to discuss policy. *Rising U.S. output counters OPEC- lead production cuts. U.S. light crude hit a three-day high, rising more than $1 before easing back to $56.03, 89 cents up on the day.

  • PANAMA CITY/ TORONTO, Nov 17- In the spring of 2007, a succession of foreigners, many from Russia, arrived at Panama City airport to be greeted by a chauffeur who whisked them off in a white Cadillac with a Donald Trump logo on the side. "Mr Nogueira was an outgoing and lively young man," remembered Justine Pasek, who was crowned Miss Universe by Donald Trump in 2002 and was...

  • The proposal, tucked deep in the Senate tax-cut plan, calls for airlines headquartered in foreign countries to pay the U.S. incorporate tax rate if: 1) the carrier's home country does not have an income tax treaty with the United States and 2) the carrier's country of origin has fewer than two arrivals and departures, per week, operated by major U.S. airlines.

  • ADMA, Lebanon— Lebanon- based businessmen who lost enterprises through dealings with members of Saudi Arabia's royal family and others in the kingdom are closely watching a new campaign led by the powerful crown prince targeting officials, princes and tycoons in the oil-rich kingdom, hoping it will help them win back what they lost over the years.