Business News Middle East

  • BRASÍLIA, Jan 18- Brazil is moving toward a self-monitoring system for food processors, Agriculture Minister Tereza Cristina Dias said on Friday, including meatpackers still recovering from an inspection scandal that hurt trade with key markets. "Why can't Brazil do self-monitoring when Europe and the United States use it?" The scandal briefly threatened...

  • *EU moving closer to aggressive U.S. policy to isolate Iran. The French, British, German, Danish, Dutch, and Belgian diplomats in the Iranian foreign ministry room had incensed the officials with a message that Europe could no longer tolerate ballistic missile tests in Iran and assassination plots on European soil, according to four EU diplomats.

  • BRASÍLIA, Jan 18- Brazil is moving toward a self-monitoring system for food processors, Agriculture Minister Tereza Cristina Dias said on Friday, including meatpackers still recovering from an inspection scandal that hurt trade with key markets. "Why can't Brazil do self-monitoring when Europe and the United States use it?" The scandal briefly threatened...

  • JOHANNESBURG, Jan 18- Former Mozambican finance minister Manuel Chang, arrested in South Africa in a case related to $2 billion of fraudulent loans, has abandoned plans to apply for bail, one of his lawyers said on Friday. Chang, who denies wrongdoing, has been detained in South Africa since Dec. 29 at the request of the United States which wants him extradited.

  • BRASÍLIA, Jan 18- Brazil is moving toward a self-monitoring system for the food industry, Agriculture Minister Tereza Cristina Dias said on Friday, including meatpackers still recovering from an inspection scandal that hurt trade with key markets. "Why can't Brazil do self-monitoring in Brazil when Europe and the United States use it?" The scandal briefly...

  • She said the self-monitoring is widely used in developed countries like the United States and Europe. "Why can't Brazil do self-monitoring in Brazil when Europe and the United States use it?" The probe, which kicked off in March 2017 and expanded a year later, has examined the relationship between food processors, Agriculture Ministry officials and...

  • *India has been investigating antitrust violations at Mumbai port. NEW DELHI, Jan 18- India's antitrust watchdog has ordered Denmark's A.P. Moller-Maersk and Dubai's DP World to withdraw certain customer advisories which it said could hamper growth of the country's largest container port in Mumbai, a document seen by Reuters showed.

  • LONDON, Jan 18- Major consumer companies including Unilever, Procter& Gamble and Nestle are chasing consumers who want food and household goods delivered automatically, even though this kind of business has not always worked. The world's biggest packaged food company, Nestle, whose Nespresso coffee is already a sizeable subscription business, recently...

  • ISLAMABAD, Jan 17- Food and agriculture group Cargill Inc will invest some $200 million in Pakistan over the coming three to five years in sectors ranging from dairy, to edible oils and animal feed, the prime minister's office in Islamabad said on Thursday. "Cargill's proposed investments will support Pakistan's overall economic development and contribute to...

  • SUEZ, Egypt, Jan 17- Egypt reopened three ports on Thursday that it had shut on Wednesday due to bad weather as conditions improved and winds stabilized, the Red Sea Ports Authority said. Several Egyptian port cities and the capital Cairo were hit by a severe sandstorm on Wednesday, which prompted the closure of several ports. Ayman Saleh, head of the Red Sea Ports...

  • This frame grab from video provided by Hawar News, ANHA, the news agency for the semi-autonomous Kurdish areas in Syria, shows a damaged restaurant where an explosion occurred, in Manbij, Syria, Wednesday, Jan. 16, 2019.

    Wednesday's attack on U.S. forces in Syria has stoked fresh criticism over President Donald Trump's claim that the Islamic State has been defeated and has renewed debate over his decision to withdraw all troops from the war-torn country.

  • *U.S., Russia& Saudi crude output: https://tmsnrt.rs/2Rua0R8. *U.S. to become net fuel exporter in 2020- Julius Baer. *OPEC leads efforts to cut supply to rein in glut.

  • *U.S. to become net fuel exporter in 2020- Julius Baer. *OPEC leads efforts to cut supply to rein in glut. West Texas Intermediate crude futures were at $52 per barrel at 0140 GMT, down 31 cents, or 0.6 percent, from their last settlement.

  • OSLO, Jan 16- Budget carrier Norwegian Air will axe a number of routes in Europe and to the U.S and the Middle East, shutting several bases as part of a cost-cutting plan announced last month. The airliner will close its bases in Palma de Mallorca, Gran Canaria, and Tenerife in Spain, as well as in Stewart and Providence in the United States. "These aircraft are primarily...

  • Jan 16- Goldman Sachs Group Inc Chief Executive Officer David Solomon on Wednesday apologised to the Malaysian people for former banker Tim Leissner's role in the sovereign wealth fund 1 MDB scandal, but said the bank had conducted due diligence before every transaction. Goldman is being investigated by Malaysian authorities and the U.S. Department of...

  • Jan 16- Goldman Sachs Group Inc Chief Executive Officer David Solomon on Wednesday apologized to the Malaysian people for former banker Tim Leissner's role in the sovereign wealth fund 1 MDB scandal, but said the bank had conducted due diligence before every transaction. Goldman is being investigated by Malaysian authorities and the U.S. Department of...

  • *Firms urge UK government to avoid no-deal Brexit. LONDON, Jan 16- Business leaders in Britain and beyond warned on Wednesday of catastrophic job losses and chaos at ports if the country does not agree a European Union withdrawal, turning up the heat on politicians to deliver clarity. A Brexit agreement that would have secured tariff-free trade and safeguarded...

  • LONDON, Jan 16- Business leaders in Britain and beyond warned on Wednesday of catastrophic job losses and chaos at ports if the country does not agree a European Union withdrawal, turning up the heat on politicians to deliver clarity. A Brexit agreement that would have secured tariff-free trade and safeguarded just-in-time cross-border supply chains was...

  • A picture taken on December 30, 2018, shows a line of US military vehicles in Syria's northern city of Manbij.

    An attack in the northern Syrian town of Manbij has resulted in multiple casualties including U.S. troops, a senior Kurdish security official confirmed to NBC News.

  • CAIRO, Jan 16- Egypt has agreed a $1.2 billion deal with the Export-Import Bank of China to finance a light rail system from an industrial city on the outskirts of Cairo to a new capital it is building, the transportation minister said. He said $461 million would go to infrastructure and $739 million for trains. The new capital, announced in March 2015, is intended...