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Business Middle East

  • *Supportive U.S. data offset by weak China, Europe reports. NEW YORK, Oct 5- Oil prices fell on Friday and headed for a weekly loss as a fragile global economy and uncertainty about Europe's debt crisis countered any support from a better-than-expected U.S. employment report.

  • *Iran currency plummets, sanctions seen as partial cause. *Western envoys: Iran not serious about negotiations.

  • SYDNEY, Oct 5- Pakistan's regulator has issued new draft rules for the issuance of sukuk or Islamic bonds, as part of a range of initiatives to boost the Islamic banking sector in the country.

  • JERUSALEM, Oct 5- An American man opened fire in an Israeli seaside hotel packed with tourists on Friday after losing his job there, killing one person before being shot dead in a stand-off with security forces.

  • *May expand sanctions on Iran central bank transactions. *Aimed at pressuring Iran to rein in nuclear program. WASHINGTON, Oct 5- Key lawmakers in the U.S. Congress are looking at ways to expand economic sanctions on Iran, measures that have helped pushed the country's currency into free fall but have not yet pressured Tehran to abandon its nuclear program.

  • VIENNA, Oct 5- Austrian energy group OMV. OMV and its joint venture partners, Italy's Eni and U.S. power company PPL, will invest 107 million euros to drill and complete new wells and build a new pipeline to connect Latif with its Sawan processing plant.

  • SYDNEY, Oct 5- The Manila- based Asian Development Bank has signed an agreement with the Islamic Financial Services Board to help member countries adopt the IFSB's prudential standards. In contrast, only seven IFSB members come from Indonesia, Pakistan and Bangladesh, the world's three most populous Muslim-majority countries.

  • *South Korea's biggest refiner SK Energy received Iran cargo on Oct 2. *Iran has $5- 6 bln in bank accounts in South Korea- govt source.

  • ----------PREVIOUS ITEMS Dubai's DP World likely to win JN port contract- Mint---------- Tata Steel to invest 400 mln pounds in Corus unit in FY13- Economic Times---------- Aditya Birla Grp to invest 60 bln rupees in solar power- Economic Times---------- Maruti's Manesar plant to reach full production by mid-Oct- Economic Times---------- India eyes new $40 bln global generic drugs market- Economic Times----------.

  • *Asian shares rose and the euro kept most of its overnight gains on Friday as investor risk aversion eased after the European Central Bank said it was ready to buy bonds of troubled euro zone countries, while markets awaited a key U.S. jobs report.

  • *Turkey- Syria conflict stokes supply fears. SINGAPORE, Oct 5- Brent futures slipped towards $112 per barrel on Friday, but is on course to end a choppy week nearly flat as rising tensions in the Middle East battled with perennial worries about the global economy and oil demand.

  • SYDNEY, Oct 5- Australian shares gained 0.7 percent to a 14- month high on Friday, with mining stocks rising and the market supported by a fourth day of gains on Wall Street ahead of a U.S. payrolls report later in the day.

  • *MSCI Asia ex- Japan up 0.3 pct, Nikkei opens up 0.3 pct. TOKYO, Oct 5- Asian shares rose and the euro kept most of its overnight gains on Friday as investor risk aversion eased after the European Central Bank said it was ready to buy bonds of troubled euro zone countries, while markets awaited a key U.S. jobs report. The MSCI index of Asia-Pacific shares outside Japan.

  • SYDNEY, Oct 5- Australian shares rose 0.5 percent to 14- month highs early on Friday, with mining stocks rising as the market was supported by a fourth day of gains on Wall Street ahead of the U.S. payrolls report later in the day. New Zealand's benchmark NZX 50 index.

  • SINGAPORE, Oct 4- U.S. crude futures held steady above $91 per barrel on Friday, after rising 4 percent in the previous session on escalating tensions in the Middle East, while continued global economic concerns are expected to weigh on prices.

  • *Says EBX to raise $2 billion before year-end. SAO PAULO, Oct. 4- Eike Batista, Brazil's richest man, said his energy, mining and shipbuilding conglomerate EBX will raise $2 billion by the end of the year, without specifying the means.

  • An Iran Revolution Coming?

    Discussing whether an Iranian currency collapse could lead to a revolution, with Peter Brookes, former Deputy Assistant Secretary of Defense, and Don Luskin, Trend Macro; and America's warriors are being denied the right to vote, with Kyndra Rotunda, Military Voter Protection Project.

  • SYDNEY, Oct 5- Australian shares are set to rise after a fourth day of gains on Wall Street, as investors await the release of the closely watched U.S. payrolls report later on Friday.

  • *Rogers says Iran developing worrying cyber espionage capabilities. WASHINGTON, Oct 4- The head of the House of Representatives Intelligence Committee said on Thursday that significant new cyber threats to U.S. financial networks appeared to be emerging from an "unusual" source.

  • By Tom Bill and Chris Vellacott. LONDON, Oct 5- The love affair between the global super-rich and London property is souring as UK politicians tap into a mood of public resentment of the wealthy, with tax increases and rhetoric playing up their own humble origins.