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Business Middle East

  • BEIRUT-- An official said Tuesday that an employee of Lebanon's national airline MEA was fired after a passenger complained in a social media campaign that the worker humiliated travelers from the Philippines at the Beirut airport and told them over the loudspeaker, "Filipino people, stop talking."

  • RIYADH, Saudi Arabia-- Saudi Arabia's oil minister said Tuesday his country has the ability to meet existing and future demand for oil, seeking to alleviate concerns about supply and cut prices. Brent crude, which is used to price international varieties of oil, was trading above $113 a barrel in London on Tuesday.

  • DUBAI, Oct 9- Saudi Arabia's benchmark slumped to a fresh 10- week low on Tuesday as investors fretted that a gloomier outlook for the global economy would lead to lower oil receipts for the world's top crude exporter.

  • ISLAMABAD-- A waterborne parasite commonly known as "brain-eating amoeba" has killed 10 people in Pakistan's largest city, a Pakistani official with the World Health Organization said Tuesday. Musa Khan, in charge of WHO's Disease Early Warning System in Pakistan, said the deaths were reported in the city of Karachi from March to September.

  • Afghanistan's first female rapper Sosan Firooz pleads into her microphone. She sings about repression of women, her hopes for a peaceful Afghanistan and the misery she says she experienced as a small child living in neighboring Iran.

  • TEHRAN, Iran-- Iran on Tuesday warned the United Arab Emirates it could cut diplomatic relations between the two countries if the Arab nation keeps repeating claims to three Gulf islands that are controlled by Tehran.

  • By Ayla Jean Yackley and Evrim Ergin ISTANBUL, Oct 9- Turkish group Akfen Holding. may bid for Istanbul's natural gas distribution network Igdas, which is slated for privatisation this year, along with a raft of other energy and transportation businesses that could go up for sale, Chief Executive Suha Gucsav said on Tuesday.

  • MOSCOW, Oct 9- Russian equities turned positive on Tuesday, supported by an upturn in oil prices, while telecoms stocks edged higher following a $2 billion IPO announcement by mobile operator Megafon.

  • NEW YORK-- The price of oil is rising on concerns about supplies from the Middle East and the North Sea. Benchmark crude is up $1.46 to $90.79 a barrel in New York Tuesday. There is also concern that an escalation of the situation in Syria could disrupt supplies from the Middle East.

  • Brent Crude at 3-Week High

    CNBC's Sharon Epperson reports the Saudi oil minister wants to see Brent Crude fall towards $100 a barrel, but crude prices are near $114, as tensions rise between Syria and Turkey.

  • Electricity for Wednesday delivery in the Czech Republic, Slovakia and Hungary gained nearly 12 percent to 51.77 euros per megawatt hour on regional exchanges. Since then Hungary has helped to narrow- and often erase- the typical Czech and Slovak discount to Germany.

  • ABU DHABI, United Arab Emirates-- Microsoft founder and billionaire Bill Gates on Tuesday ruled out running for office, choosing not to join the parade of rich businessmen who have tried their hand at politics.

  • ABU DHABI, Oct 9- Emirates Aluminium, a joint venture between Abu Dhabi's Mubadala and Dubai Aluminium, has mandated three banks for a bond issue up to $1 billion, two banking sources familiar with the matter said on Tuesday. Emal has picked Goldman Sachs, Citigroup and local lender Abu Dhabi Commercial Bank, the sources said, declining to be identified.

  • LONDON, Oct 9- Oil rose over $113 a barrel on Tuesday after two days of losses, with tensions in the Middle East and the risk of supply disruptions outweighing concerns about sluggish global demand.

  • WASHINGTON-- The Supreme Court has ruled out reviving lawsuits against Halliburton Corp. over insurgent ambushes that killed civilian truck drivers in Iraq.

  • *Iraq oil official sees 2.8 mbpd Oct exports. LONDON, Oct 9- Iraq's oil exports are expected to rise to their highest in decades this month and production is on course to more than double by 2020, as it cements its place as OPEC's second-biggest producer after Saudi Arabia.

  • NEW YORK-- A year ago, not many people had heard of Lena Dunham. Dunham, 26, whose appearance sold out in the first 20 minutes that tickets went on sale this year, was interviewed by New Yorker TV critic Emily Nussbaum on Sunday, just as word of her seven-figure book deal was emerging, an essay collection to be published by Random House. "I dressed as you for Halloween!"

  • *Fifteen firms, consortium bid for Cyprus offshore blocks. NICOSIA, Oct 9- Cyprus is close to short-listing companies bidding for offshore oil and gas contracts in the energy-rich east Mediterranean, officials said on Tuesday.

  • LONDON, Oct 9- Oil rose to around $113 a barrel on Tuesday after two days of losses, with tensions in the Middle East and the risk of supply disruptions outweighing concerns about sluggish global demand.

  • MOSCOW, Oct 9- Russia's No.2 crude producer LUKOIL said on Tuesday the Iraqi government has approved the geologic exploration, development and production contract for Block 10 in the southern part of the country. LUKOIL already works at giant West Qurna-2 oilfield in Iraq.