Business News Middle East

  • Dollars cash

    The dollar held recent gains on Monday as investors tempered some of their expectations for deep U.S. interest rate cuts this month and heightened Middle East tensions supported safe-haven assets.

  • TOKYO, July 22- Oil prices rose on Monday amid high tensions in the Middle East after a British tanker was seized by the Iranian military at the end of last week. "Falling global demand and rising U.S. stockpiles have helped turn oil charts very bearish, but that may not last as tensions remain high in the Persian Gulf," Edward Moya, senior market analyst at OANDA in New...

  • WASHINGTON, July 21- White House senior adviser Jared Kushner will lead a U.S. delegation on a tour of the Middle East to finalize details of his proposed $50 billion economic development plan for the Palestinians, Jordan, Egypt and Lebanon, an administration official said on Sunday. Kushner, Middle East envoy Jason Greenblatt, State Department official Brian...

  • SULAIMANIYA, Iraq, July 21- Long-serving Iraqi Kurdish natural resources minister, Ashti Hawrami, will take up an advisory role of Assistant Prime Minister for Energy Affairs in Prime Minister Masrour Barazani's newly-formed cabinet, Kurdish lawmakers said on Sunday. Hawrami, the Kurdistan Regional Government's energy minister since 2006, is seen as the...

  • PARIS, July 21- Air France, Emirates and Etihad Airways are continuing to operate flights to Cairo after British Airways and Lufthansa suspended services to Egypt's capital. International Airlines Group's British Airways suspended flights on Saturday for seven days "as a security precaution" as it reviews security at Cairo airport. Germany's Lufthansa...

  • DUBAI, July 21- Iran's top diplomat said on Sunday that only "prudence and foresight" could alleviate tensions between his country and Britain after Tehran's seizure of a British-flagged oil tanker. Britain has called Iran's capture of the Stena Impero in the Strait of Hormuz on Friday a "hostile act". Tehran for weeks has vowed to retaliate for the seizure of its...

  • PARIS, July 21- Air France is maintaining its flights to Cairo, a spokesman for the airline said on Sunday, following the decision by rivals British Airways and Lufthansa to suspend flights to Egypt's capital over security concerns. British Airways, a unit of IAG said on Saturday it was suspending flights to Cairo for seven days "as a precaution" as it reviews the...

  • July 20- U.S. national security adviser John Bolton departed on Saturday for a trip to Japan and South Korea, two key allies of Washington that are embroiled in a trade dispute. Lingering tensions, particularly over compensation for South Koreans forced to work for Japanese occupiers during World War Two, worsened this month when Japan restricted exports of...

  • DUBAI, July 21- Iran on Sunday urged Britain to contain "domestic political forces" intent on escalating tensions between the two countries following Iran's seizure of a British-flagged oil tanker. The " UK government should contain those domestic political forces who want to escalate existing tension between Iran and the UK well beyond the issue of ships.

  • DUBAI, July 21- The crew of the British-flagged Stena Impero tanker seized by Iran's Revolutionary Guards are all safe, the head of the Ports and Maritime Organisation of Iran in Hormozgan Province told state TV on Sunday. Britain has denounced Iran's seizure of the oil tanker in the Gulf on Friday as a "hostile act", rejecting Tehran's explanation that it had...

  • PANAMA CITY, July 20- Panama's maritime authority said on Saturday it had begun the process of withdrawing the registration of an oil tanker called MT Riah, which was towed to Iran after it disappeared from ship tracking maps in the Strait of Hormuz on July 14. Iran has said it towed a vessel into its waters from the strait after the ship issued a distress call.

  • July 20- U.S. national security adviser John Bolton departed on Saturday for a trip to Japan and South Korea as the two countries are in the middle of a trade dispute. Japan has denied that the dispute over compensation is behind the export curbs, even though one of its ministers cited broken trust with Seoul over the labor dispute in announcing the restrictions.

  • CAIRO, July 20- British Airways abruptly suspended all flights to Cairo for a week from Saturday over security concerns, giving no details about what prompted the move. "We constantly review our security arrangements at all our airports around the world, and have suspended flights to Cairo for seven days as a precaution to allow for further assessment," it said in a...

  • CAIRO, July 20- British Airways abruptly suspended flights to Cairo for a week from Saturday over security concerns, giving no details about what had prompted the move. "We constantly review our security arrangements at all our airports around the world, and have suspended flights to Cairo for seven days as a precaution to allow for further assessment," it said in a...

  • BRITISH AIRWAYS SUSPENDS FLIGHTS TO CAIRO FOR SEVEN DAYS "AS A PRECAUTION"- STATEMENT.

  • *Britain says seizure puts Iran on dangerous path. GENEVA/ LONDON, July 20- Britain denounced the Iranian seizure of a British-flagged oil tanker in the Gulf as a "hostile act" on Saturday, rejecting Tehran's explanation that it had seized the vessel because it had been involved in an accident. Friday's action in the global oil trade's most important waterway has...

  • *Britain says seizure puts Iran on dangerous path. GENEVA/ LONDON, July 20- Britain denounced the Iranian seizure of a British-flagged oil tanker in the Gulf as a "hostile act" on Saturday, rejecting Tehran's explanation that it had seized the vessel because it had been involved in an accident. Friday's action by Iranian Revolutionary Guards in the global oil...

  • *Britain says seizure puts Iran on dangerous path. GENEVA/ LONDON, July 20- Iran said on Saturday it had seized a British-flagged oil tanker because it was involved in an accident, an explanation Britain rejected, calling the move a "hostile act". It is certain to be viewed in the West as a military escalation after three months of confrontation which has already taken...

  • *Britain says seizure puts Iran on dangerous path. GENEVA/ LONDON, July 20- Iran said on Saturday it seized a British-flagged oil tanker because it was involved in an accident, but Britain's foreign minister said he feared Tehran was taking "a dangerous path" and other major European powers expressed alarm. All three countries are signatories to the 2015 nuclear...

  • *Britain warns of' robust' but not military response. GENEVA, July 20- Iran has taken a British-flagged oil tanker it seized in the Strait of Hormuz to Bandar Abbas port, where it and its crew will remain while an investigation into the vessel's conduct is carried out, Iran's Fars news agency said on Saturday. It was taken to Bander Abbas, situated on Iran's southern...