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Business Middle East

  • *UAE also assures EU no business bias over Qatar. DUBAI, Aug 13- Four Arab countries that imposed sanctions on Qatar have told the United States that U.S. companies doing business with them would not be punished for also working with Doha, four sources with knowledge of the matter said. The European Union has been given similar "official... verbal assurances" by the UAE,...

  • KUWAIT CITY— Kuwait battled Sunday to control an oil spill off its southern coast that stained its beaches, threatened to damage power plants and water stations, and left long black slicks in the Persian Gulf. It remained unclear where the spill originated, though Kuwait said it didn't look like the spill came from its oil fields. "There will be severe consequences...

  • DUBAI, United Arab Emirates— Kuwait says an oil spill has struck its waters in the Persian Gulf. Kuwait's state-run KUNA news agency reported late Saturday that emergency responders were working toward containing the spill near Kuwait's southern Ras al-Zour. Tiny Kuwait, an OPEC member nation, has the world's six-largest estimated oil reserves.

  • DUBAI, Aug 12- Iran is holding talks with European planemaker Airbus to buy 48 helicopters for civilian use, an Iranian official was on Saturday quoted as saying, as Iran continues its shopping spree of Western aircraft after the lifting of sanctions. "The Health Ministry is planning to order 45 HEMS helicopters and the purchase is being negotiated by the...

  • DUBAI, Aug 12- Iran is holding talks with European planemaker Airbus to buy 48 helicopters for civilian use, an Iranian official was on Saturday quoted as saying, as Iran continues its shopping spree of Western aircraft after the lifting of sanctions. "The Health Ministry is planning to order 45 HEMS helicopters and the purchase is being negotiated by the...

  • SUNDAY, AUGUST 13 SYDNEY- Reserve Bank of Australia Assistant Governor Christopher Kent speaks at the Moody's Analytics Forum 2335 GMT. TUESDAY, AUGUST 15 SYDNEY- Reserve Bank of Australia to release the minutes of its August monetary policy meeting 0130 GMT. WINDHOEK, Namibia- Central Bank of Namibia monetary policy meeting.

  • MANCHESTER, N.H.— Inspired by the success of a Southern New Hampshire University program that allows hundreds of refugees in Rwanda to access its courses, a group of anonymous donors approached its president with a challenge: What would it take to educate 50,000 refugees each year? After some discussion, the donors agreed last month to provide $10 million to the...

  • Debt from North Korea- probably the most isolated of the frontier markets- has already been frozen for years as the secretive nation faces the most stringent sanctions regime in the world. North Korea has syndicated loans with a face value of around $1 billion, tied to loans in default since the 1980 s. Prices spurted higher after the death of President Kim Jong- il...

  • LONDON, Aug 11- After this week's war of words between the United States and North Korea triggered the biggest fall in global stocks since the U.S. presidential election, investors are wondering what other off-radar shocks may be waiting to rock world markets. "Every day, our risk models tell us to take more risk because of falling volatility but with markets being...

  • LONDON, Aug 11- Bank of America Merrill Lynch, JP Morgan and KKR Capital Markets have been chosen as joint global coordinators for the float of fashion company SMCP in Paris, sources familiar with the matter said on Friday. The French company behind fashion brands Sandro, Maje and Claudie Pierlot, which is controlled by China's Shandong Ruyi, is expected to list its...

  • FRANKFURT, Aug 11- A cyber-spying group with suspected links to Russian military intelligence was probably behind a campaign targeting hotel guests in eight mostly European countries last month, researchers at security firm FireEye said on Friday. The wave of attacks during the first week of July targeted travellers who were staying in several hotel chains...

  • TEL AVIV, Israel _ Alcobra Ltd. on Friday reported a loss of $3.7 million in its second quarter. On a per-share basis, the Tel Aviv, Israel- based company said it had a loss of 13 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • TEL AVIV, Israel— Israel has been known as the land of milk and honey since Biblical times— but the land of single malt whiskey? One appropriately named distillery is trying to turn Israel into a whiskey powerhouse. However, at the Milk and Honey Distillery, rows of casks proudly stamped "Tel Aviv" hold liters of the stuff.

  • DETROIT— Around the world, support is growing for electric cars. Automakers are delivering more electric models with longer range and lower prices, such as the Chevrolet Bolt and the Tesla Model 3. China has set aggressive targets for electric vehicle sales to curb pollution; some European countries aim to be all-electric by 2040 or sooner.

  • *New York float would demand more disclosure than London. DUBAI/ RIYADH/ LONDON, Aug 11- Saudi Arabia favors New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less problematic and risky option, people familiar with the matter told Reuters. Prince Mohammad may choose to list...

  • *New York float would demand more disclosure than London. DUBAI/ RIYADH/ LONDON, Aug 11- Saudi Arabia favours New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less problematic and risky option, people familiar with the matter told Reuters. Prince Mohammad may choose to list...

  • *New York float would demand more disclosure than London. DUBAI/ RIYADH/ LONDON, Aug 11- Saudi Arabia favours New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less problematic and risky option, people familiar with the matter told Reuters. Prince Mohammad may choose to list...

  • *New York float would demand more disclosure than London. DUBAI/ RIYADH/ LONDON, Aug 11- Saudi Arabia favors New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less problematic and risky option, people familiar with the matter told Reuters. Prince Mohammad may choose to list...

  • DUBAI, United Arab Emirates— Stalwart U.S. ally Kuwait will continue to grant visas to North Korean laborers whose wages allegedly aid Pyongyang in evading international sanctions, its government told The Associated Press before its ruler travels to Washington to meet President Donald Trump. In a statement responding to an AP story, Kuwait also said it never...

  • CAIRO, Aug 10- Egypt's key inflation rates soared to multi-decade highs on Thursday on the back of energy subsidy cuts agreed with the International Monetary Fund as a condition of its $12 billion three-year loan. Import-dependent Egypt has been hit by soaring inflation since it floated its currency in November, and since then the pound has roughly halved in...