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Business Middle East

  • SYDNEY- Reserve Bank of Australia Governor Philip Lowe will give a speech at the Australia-China Relations Institute, Sydney 0805 GMT. KIEV- The Governor of the National Bank of Ukraine Yakiv Smoliy holds a press conference 1100 GMT. TUESDAY, MAY 29 WARSAW- National Bank of Poland holds Monetary Policy Council Meeting.

  • *Venezuela vote raises concern oil output may fall further. *OPEC cuts, looming U.S. sanctions on Iran also support prices. NEW YORK, May 22- Brent crude prices settled slightly higher on Tuesday after a volatile session in which potential supply concerns surrounding Venezuela and Iran jockeyed with comments from President Donald Trump, who said he was not...

  • *Venezuela vote raises concern oil output may fall further. *OPEC cuts, looming U.S. sanctions on Iran also support prices. NEW YORK, May 22- Brent crude prices settled slightly higher on Tuesday after a volatile session in which potential supply concerns surrounding Venezuela and Iran jockeyed with comments from President Donald Trump saying he was not pleased...

  • BERLIN, May 22- Germany's government will help German firms with business in Iran where it can, but cannot entirely shield them from the U.S. decision to quit the Iran nuclear deal and reimpose sanctions against Tehran, the economy minister told a newspaper. European companies conducting business in Iran face U.S. sanctions after President Donald Trump...

  • *Upstream chief says Iran project not at standstill. *OMV first entered Iran in 2001. European firms doing business in Iran face U.S. sanctions after President Donald Trump withdrew from a deal between the U.S., France, Germany, Britain, Russia, China and Iran, which lifted sanctions in exchange for Tehran limiting its nuclear programme.

  • *Venezuela vote increases concern about its oil supply. *OPEC cuts, looming U.S. sanctions on Iran also support. NEW YORK, May 22- Brent crude oil jumped 1.5 percent to above $80 a barrel on Tuesday, supported by concern that falling Venezuelan crude output and a potential drop in Iranian exports could further tighten global supply.

  • MUMBAI, May 22- Indian Oil Corp, the country's top refiner, will turn to its traditional oil suppliers, mostly in the Middle East, if U.S. sanctions against Iran result in supply disruptions, its head of finance said. President Donald Trump earlier this month pulled out of a 2015 international nuclear pact with Iran, and said he would impose sanctions on Tehran- and...

  • *Venezuela vote increases concern about its oil supply. *OPEC cuts, looming U.S. sanctions on Iran also support. LONDON, May 22- Oil rose to around $80 a barrel on Tuesday, supported by concern that falling Venezuelan crude output and a potential drop in Iranian exports could further tighten global supply.

  • Israel says it's the first country to use the US-made F-35 fighter jet in combat

    Israeli Air Force Commander Amikam Norkin said Israel is the first country to have used the F-35 fighter plane.

  • *Dubai's Emirates NBD closes up 8.4 percent. *In Qatar, Commercial Bank and Doha Bank defy downgrade. DUBAI, May 22- United Arab Emirates stocks led regional gains on Tuesday, with Dubai's market bolstered by a surge in Emirates NBD after it agreed to buy Turkish lender Denizbank for $3.2 billion.

  • *Venezuela vote increases concern about its oil supply. *OPEC cuts, looming U.S. sanctions on Iran also support. LONDON, May 22- Oil rose towards $80 a barrel on Tuesday, supported by concern that falling Venezuelan crude output and a potential drop in Iranian exports could further tighten global supply.

  • "The idea is we will do one new investment a month," Francois Dossa, the head of Alliance Ventures, told Reuters by phone ahead of this week's Ecomotion conference in Tel Aviv. Alliance Ventures is seeking investments in new mobility, vehicle connectivity, autonomous driving, enterprise technology and energy, including electric vehicles and batteries.

  • TEL AVIV, Israel _ Radcom Ltd. on Tuesday reported first-quarter net income of $322,000, after reporting a loss in the same period a year earlier. Radcom expects full-year revenue in the range of $43 million to $47 million. Radcom shares have dropped almost 1 percent since the beginning of the year.

  • *Venezuela vote increases concern about its oil supply. *OPEC cuts, looming U.S. sanctions on Iran also support. LONDON, May 22- Oil rose towards $80 a barrel on Tuesday, supported by concern that falling Venezuelan crude output and a potential drop in Iranian exports could further tighten global supply.

  • *Venezuela vote increases concern about its oil supply. *OPEC cuts, looming U.S. sanctions on Iran also support. LONDON, May 22- Oil rose towards $80 a barrel on Tuesday, supported by concern that falling Venezuelan crude output and a potential drop in Iranian exports could further tighten global supply.

  • BERLIN, May 22- Germany's government will help German firms with business in Iran where it can, but cannot entirely shield them from the U.S. decision to quit the Iran nuclear deal and reimpose sanctions against Tehran, the economy minister told a newspaper. European companies conducting business in Iran face U.S. sanctions after President Donald Trump...

  • *Oil markets tight on OPEC cuts, looming U.S. sanctions on Iran. SINGAPORE, May 22- Oil prices rose on Tuesday, with Brent edging closer to $80 per barrel, on concerns that Venezuela's crude output could drop further following a disputed presidential election and potential U.S. sanctions on the OPEC- member. "is tight and the U.S. will probably tighten sanctions on...

  • *AI weeding machines developed in United States, Europe. YVERDON-LES-BAINS, Switzerland/ CHICAGO, May 22- I n a field of sugar beet in Switzerland, a solar-powered robot that looks like a table on wheels scans the rows of crops with its camera, identifies weeds and zaps them with jets of blue liquid from its mechanical tentacles. Herbicide sales are worth $26 billion...

  • TOKYO— Electronics and entertainment company Sony Corp. said Tuesday it plans to spend $2.3 billion acquiring an additional 60 percent stake in EMI Music Publishing, home to the Motown catalog and contemporary artists like Kanye West, Alicia Keys and Pharrell Williams. Mubadala is a government-backed investment fund controlled by the emirate of Abu Dhabi,...

  • Saudi Arabia's stock market catching attention: Strategist

    Koon Chow of Union Bancaire Privée says the inclusion of Saudi Arabia in the MSCI Emerging Markets Index is "long overdue."