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Business Middle East

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • UNITED NATIONS, Sept 19- Iran denounced U.S. President Donald Trump's U.N. remarks as "shameless and ignorant" and said his speech on Tuesday showed his lack of knowledge about Tehran's fight against terrorism, the semi-official Fars news agency reported. "Trump's shameless and ignorant remarks, in which he ignored Iran's fight against terrorism, displays his...

  • BEIRUT, Sept 19- Lebanon made progress in its efforts to develop a hydrocarbons industry on Tuesday when lawmakers passed a petroleum tax law, as companies prepare to bid on a first round of offshore exploration licences next month. Lebanon re-opened its first licensing round in January after a three-year delay, hoping to revive development of a hydrocarbon...

  • BEIRUT, Sept 19- Lebanon made progress in its efforts to develop a hydrocarbons industry on Tuesday when lawmakers passed a petroleum tax law, as companies prepare to bid on a first round of offshore exploration licenses next month. Lebanon re-opened its first licensing round in January after a three-year delay, hoping to revive development of a hydrocarbon...

  • BEIRUT, Sept 19- Lebanon made progress in its efforts to develop a hydrocarbons industry on Tuesday when lawmakers passed a petroleum tax law, as companies prepare to bid on a first round of offshore exploration licenses next month. Lebanon re-opened its first licensing round in January after a three-year delay, hoping to revive development of a hydrocarbon...

  • BEIRUT, Sept 19- Lebanon made progress in its efforts to develop a hydrocarbons industry on Tuesday when lawmakers passed a petroleum tax law, as companies prepare to bid on a first round of offshore exploration licences next month. Lebanon re-opened its first licensing round in January after a three-year delay, hoping to revive development of a hydrocarbon...

  • LONDON, Sept 19- A High Court judge called on Tuesday on Dana Gas and its creditors to agree on a way for a trial seen as shaping the future of Islamic finance to proceed and said he might complete it regardless of whether all parties were present. George Leggatt adjourned the trial until Thursday after lawyers for Dana Gas said that it was prevented from taking part...

  • *Egypt exports to hit $22 billion for 2017. CAIRO, Sept 19- Egypt's exports should grow about 10 percent this year to reach $22 billion, Trade Minister Tarek Kabil said on Tuesday, as the country lures foreign investors keen on setting up manufacturing following economic reforms. Egypt has been trying to market itself as a manufacturing hub for foreign investors,...

  • DUBAI, Sept 19- The Toronto Stock Exchange, which is vying to host Saudi Aramco's overseas listing, is exploring partnerships with bourses in the Gulf to help it tap into energy privatisations there. The exchange, the global leader for oil and gas listings, expects that such collaborations would encourage parallel listings of Middle East companies, said Monica...

  • *Qatar snaps 11- session losing streak. DUBAI, Sept 19- Qatar's stock index came slightly off a five-year low on Tuesday as local funds intensified their buying of those shares, while Saudi Arabia was the region's worst performer. In Abu Dhabi, Dana Gas rose 1.3 percent ahead of a London High Court hearing on Monday and Tuesday over the validity of its sukuk.

  • *Egypt in market for first time since French cargo halted. DUBAI/ CAIRO, Sept 19- Egypt's state grain buyer GASC received fewer offers and was quoted higher prices in a wheat tender on Tuesday, as traders held back due to a dispute over two blocked import cargoes. One Cairo- based trader said prices offered included a risk premium of between $4 and $11 a tonne.

  • The skyline of Doha, Qatar.

    According to Qatar's economy and trade minister, the state's finances are faring "better than ever."

  • DUBAI, Sept 19- Qatar pumped 29.1 billion riyals into its banking system in August to cushion it from withdrawals by financial institutions from neighbouring Arab states due to the Gulf's diplomatic crisis, central bank data showed. The current crisis, triggered by the political and economic boycott of Qatar by the United Arab Emirates, Saudi Arabia, Bahrain...

  • LONDON, Sept 19- Emerging stocks seesawed around three-month lows on Tuesday and currencies were mostly flat, including Hungary's forint which hit a two-month low against the euro the previous day in expectation of more monetary policy easing. The focus is on Hungary's central bank which is expected to leave main interest rates on hold but ease policy by...

  • The new restaurant stocks Dubai's most-extensive selection of American craft beer, part of a major $23.5 billion market for customers wanting a different style of ale. It represents a new scene for Dubai, long known as the Manhattan of the Mideast, with chic skyscraper bars serving the fanciest of cocktails while the typical tap offers only the standard lagers.

  • The first C919 passenger jet made by the Commercial Aircraft Corporation of China (Comac) is pulled out next to a Chinese national flag during a news conference at the company's factory in Shanghai, Nov. 2, 2015.

    Rolls Royce expects China will soon begin engine manufacturing for jumbo jets, Chairman Ian Davis said.

  • We are trying to promote peace through collaboration and innovation: Chemi Peres

    Chemi Peres, Pitango co-founder, discusses investing in technology for the Middle East.

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • Israel's Prime Minister Benjamin Netanyahu (L) and US President Donald Trump shake hands before a meeting at the Palace Hotel during the 72nd session of the United Nations General Assembly on September 18, 2017, in New York.

    Donald Trump expressed optimism about an Israeli-Palestinian peace deal ahead of a meeting with Israeli Prime Minister Benjamin Netanyahu.

  • DUBAI, United Arab Emirates— Snapchat has blocked Al-Jazeera's Discover channel in Saudi Arabia amid an ongoing dispute between Gulf states and Qatar, where the media network is headquartered. The Arabic Snapchat channel was launched in May, a month before Saudi Arabia and three other Arab states cut ties with Qatar. The quartet accuse Qatar of using...