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Business Middle East

  • KUWAIT, Oct 4- State-owned Kuwait Oil Company has picked a South Korean group to construct power station components and reinforce gas storage tanks in a deal worth 107 million dinars, state news agency KUNA said on Thursday.

  • The FTSE Small Cap index is steady in midsession trade, lagging a 0.2 percent rise on the FTSE 100 and a 0.7 percent gain on the FTSE 250.

  • *FTSE 100 up 0.2 pct, near one-week highs. LONDON, Oct 4- Britain's FTSE 100 hovered around one-week highs on Thursday, in thin, jittery trade, with investors unwilling to put on big bets ahead of a European Central Bank meeting later in the session and a key U.S. job reports on Friday. By 1023 GMT, the UK's FTSE 100.

  • TEL AVIV, Oct 4- Workers at Haaretz, a leading liberal Israeli newspaper, held a one-day strike to protest plans for layoffs and for the first time in nearly 30 years the daily was not distributed on Thursday.

  • TEHRAN, Iran-- Iran deployed riot police at key Tehran intersections on Thursday, after tensions flared over the nation's plunging currency in the most widespread display of anger linked to the country's sanctions-hit economy.

  • BRUSSELS, Oct 4- The European Union is poised to ban imports of Iranian gas into Europe as part of its efforts to ratchet up pressure on the Islamic Republic over its nuclear programme, diplomats said on Thursday.

  • ABU DHABI, Oct 4- Mubadala Development, the Abu Dhabi investment fund with a mandate to boost the emirate's local economy, swung to a profit in the first half driven by a drop in investment write-downs and higher revenues at its key businesses.

  • CAIRO, Oct 4- A Cairo court sentenced the former chairman of Ezz Steel to jail for seven years on graft charges on Thursday, the second such sentence handed to the businessman and ex-official in ousted leader Hosni Mubarak's party.

  • The European Central Bank is not expected to cut rates at the monthly policy making session despite weaker economic data, but was seen likely to be pressed on negotiations with Spain over its financing needs in the news conference which follows.

  • *Oil India to get 20 pct, Indian Oil Corp 10 pct in Niobrara shale acreage. and Indian Oil Corp have jointly bought a 30 percent stake in Houston- based Carrizo Oil& Gas's Niobrara shale asset in Colorado for $82.5 million, the companies said in a statement.

  • *Parliament held an emergency debate Wednesday night on how to respond to an E. coli outbreak that has triggered the country's largest beef recall and sent the Harper government scrambling to defend the safety of Canada's food supply.

  • *Seadrill may move to London, Singapore* CEO Thorkildsen disagreed with move, leaves firm.

  • LONDON, Oct 4- Brent crude oil rose more than $1 per barrel on Thursday as fresh tension between Syria and Turkey raised fears over the security of oil supplies from the Middle East. Turkish artillery hit targets near Syria's Tel Abyad border town for a second day on Thursday after a mortar bomb fired from the area killed Turkish civilians.

  • *Credit Suisse integrated boutique Clariden Leu last year. FRANKFURT/ DUBAI, Oct 4- Falcon Private Bank, a Swiss private bank owned by Abu Dhabi fund Aabar Investments, said it will acquire a London- based unit of boutique Clariden Leu from Credit Suisse, including some 2 billion Swiss francs in assets.

  • LONDON, Oct 4- Turkish stocks fell 1.6 percent on Thursday and credit default swaps jumped after a sharp escalation in political risks caused by retaliatory military raids within the Syrian border. "Clearly a short-term risk for Turkey and Turkish assets," said Simon Quijano-Evans, chief EEMEA economist at ING. MSCI emerging stocks rose 0.3 percent.

  • WARSAW/ LONDON, Oct 4- Poland's goal of reducing its dependence on Russian gas took a step forward on Thursday after it secured the final investments to start construction of its first liquefied natural gas terminal, expected to start importing gas from Qatar in 2014..

  • BAGHDAD, Oct 4- Oil exports from Iraq's Kurdish region have risen to 170,000 bpd and will reach 200,000 "within days", Oil Minister Abdul-Kareem Luaibi said on Thursday.

  • SYDNEY, Oct 4- The U.N. atomic agency has yet to agree a date for further talks with Iran and has little hope for a speedy resolution to a standoff with Tehran over its nuclear programme, the head of the nuclear watchdog said on Thursday.

  • By Saeed Azhar and Kelvin Soh SINGAPORE/ HONG KONG, Oct 4- Standard Chartered's. Six of Standard Chartered's 16 directors hold executive positions at the bank, including CEO Peter Sands, Finance Director Richard Meddings and Asia Chief Executive Jaspal Bindra.

  • ATHENS, Oct 4- Greek police clashed with protesting shipyard workers who stormed the Defence Ministry complex in Athens on Thursday demanding back pay that they said they were owed. The head of the army's general staff, General Mihail Kostarakos, came out to address the protesters but was booed and heckled.