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Business Middle East

  • *Azeri Nov exports to rise, Iraq cuts OSP for Europe. In the Platts window, BP bid in the Baltic for an Oct 22-26 Urals cargo at dated Brent minus $1.30 a barrel, some 30 cents stronger than on Monday, and Exxon bid for an Oct 20-24 cargo at dated Brent minus $1.35, traders said.

  • *Congress considering broader sanctions on Iran. WASHINGTON, Oct 9- A reduction in natural gas exports from Iran would not have much impact on world energy markets, but could hurt Turkey and part of Azerbaijan, according to a U.S. report due to be released on Tuesday.

  • ABU DHABI, Oct 9- Saudi Arabia's Aramco, the world's largest energy company, has discovered a new gas field in the Red Sea, 26 kilometres North West of the port of Daba, the Saudi Press Agency reported on Tuesday quoting the oil minister. Gas flowed at the rate of 10 million cubic feet a day at a test well at the depth of 17,700 feet, Ali al-Naimi was quoted as saying.

  • CHILLICOTHE, Ohio-- Josh Mandel, the Republican nominee for the U.S. Senate, declines to take a stand on the 2009 bailout of the auto industry and reserves judgment on vice presidential candidate Paul Ryan's plans for Medicare.

  • Oct 9- Syrian journalist and writer Samar Yazbek, who was forced into exile after criticising President Bashar al-Assad, has won PEN's Pinter International Writer of Courage Award.

  • JERUSALEM-- A boat carrying pro-Palestinian advocates from eight countries is en route to Gaza in the latest attempt to break Israel's naval blockade on the coastal territory, an activist on board said Tuesday. Dror Feiler, an Israeli on the boat, said it left Naples on Sunday and aims to reach Gaza in mid-October.

  • Thirty-seven years in the making, the $160 million national soccer center at Burton-upon-Trent in central England will be the permanent home for all 24 of England's senior and junior teams and the training base for aspiring coaches.

  • LONDON-- The International Cricket Council has launched an "urgent investigation" following allegations by an Indian television station that several umpires were willing to fix matches for money.

  • November crude was up $1.89 at $91.22 a barrel at 11:36 a.m. EDT, having swung from $89.29 to $91.40.

  • NEW YORK, Oct 9- Oil prices rose more than 1 percent on Tuesday, after two sessions with lower settlements, as the threat of supply disruption in a tense Middle East countered concerns about slower growth and resulting sluggish demand for oil.

  • 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.