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Business Middle East

  • BAGHDAD/ DUBAI, Oct 15- Iran on Sunday shut its border crossings with Iraq's Kurdistan in support of measures taken by the Iraqi government to isolate the Kurdish region, the Iraqi foreign ministry said. "At the request of the Iraqi government, the Islamic Republic of Iran closed today the border crossings with the Kurdistan region of Iraq," the Iraqi foreign...

  • DUBAI, Oct 15- Iran on Sunday denied reports that Tehran had closed a border crossing with northern Iraq in response to an independence referendum in Iraq's Kurdish region last month, the Iranian Students' News Agency reported. Iran last month halted flights to and from Kurdish regions in northern Iraq over the independence referendum by the autonomous...

  • *Noon.com backed by Dubai billionaire; Souq.com by Amazon. RIYADH, Oct 15- In Saudi Arabia, a kingdom where postal codes are rarely used, most people pay in cash, and shopping is done in giant air-conditioned malls, building an online retail business is no easy task. That will start a race for dominance in a largely untapped market against Dubai- based Souq.com, which is...

  • ANKARA, Oct 15- Iran has closed its border gates with northern Iraq in response to an independence referendum in Iraq's Kurdish region last month, Iran's Tasnim news agency reported on Sunday. "Considering the developments in Iraq's Kurdistan, Iran has closed its Bashmagh border gate with Iraq's Kurdistan," Tasnim said without giving an official source.

  • >Pentagon identifying new areas to pressure Iran. >Bid to' fix' Iran deal faces battle in Congress. >Iran, EU and Russia defend Iran nuclear deal.

  • Oct 15- Iran has signed a flurry of deals with foreign companies since the easing of international sanctions on Tehran in 2016 after it agreed to limits on its disputed nuclear programme. Below is a list of deals and memoranda of understanding Iran has signed over the past year. But Chief Executive Ben van Beurden said Shell had no near-term investment...

  • *Jan-Sept oil imports from Iran jump 43 pct to 14 mln T. SEOUL, Oct 15- South Korea's imports of Iranian crude oil hit the highest level in six months in September amid Irans push to regain its lost market share during years it was under sanctions over its nuclear programme. South Korea mainly buys an ultra-light oil from Iran, also known as condensate, but the data does...

  • President Donald Trump's hardened stance towards Iran evoked a mixture of indifference and national pride among Iranians on Saturday but many were concerned about economic hardship should a multinational nuclear deal unravel. "Who the hell is Trump to threaten Iran and Iranians? He also signaled Iran would withdraw from the agreement if it failed to...

  • President Donald Trump's hardened stance towards Iran evoked a mixture of indifference and national pride among Iranians on Saturday but many were concerned about economic hardship should a multinational nuclear deal unravel. "Who the hell is Trump to threaten Iran and Iranians? He also signaled Iran would withdraw from the agreement if it failed to...

  • Vehicles used for suicide car bombings, made by Islamic State militants, are seen at Federal Police headquarters after being confiscated in Mosul.

    Al-Mayadeen had become a major base for Islamic State militants.

  • TUESDAY, OCTOBER 17 WARSAW- National Bank of Poland holds Monetary Policy Council Meeting. SYDNEY- Panel participation by Luci Ellis, Assistant Governor of the Reserve Bank of Australia, at the 9th Annual Australian& New Zealand Investment Conference 0030 GMT. SYDNEY- Reserve Bank of Australia will release the minutes of October monetary policy meeting- 0030...

  • DUBAI/ NEW YORK, Oct 13- Saudi Aramco is considering the sale of a stake to a Chinese investor as plans for its highly-anticipated international public offering are pushed beyond its 2018 target, sources familiar with the matter said on Friday. The move would provide Saudi Arabia with cash to help implement the National Transformation Program, as the reform...

  • Oct 13- Canada's main stock index climbed for the fifth straight week on Friday as bank stocks advanced and shares of energy and resource companies rose alongside oil and gold prices. Canadian Natural Resources was among the biggest lifts to the index, rising 1.4 percent to C $41.21, while Cenovus Energy advanced 2 percent to C $12.14. The materials group, home to...

  • WASHINGTON, Oct 13- Iran, U.S. allies in Europe and Russia on Friday defended the 2015 nuclear agreement with Tehran and said they would stick by it, after U.S. Trump said in a Washington speech that he would not certify that Iran is complying with its agreement with six world powers and the European Union, despite a determination by the U.N.' s nuclear watchdog that...

  • NEW YORK/ LONDON, Oct 13- Gold rose to a 2-1/ 2- week high on Friday after U.S. President Donald Trump warned he might ultimately end a 2015 nuclear agreement with Iran and after weak U.S. inflation data undermined the case for interest rate rises. Friday, and was up 0.8 percent at $1,303.5 an ounce by 3:53 p.m. EDT, after hitting $1,302.40, the highest since Sept. 26.

  • WASHINGTON, Oct 13- Iran, U.S. allies in Europe and Russia on Friday criticized U.S. Trump said in a Washington speech that he would not certify that Iran is complying with its agreement with six world powers and the European Union, despite a determination by the U.N.' s nuclear watchdog that Tehran is meeting the deal's terms. Trump's actions appeared to leave the...

  • *Trump gives U.S. Congress 60 days to decide on Iran sanctions. *Fighters deploy near Iraq's Kirkuk oil region. President Donald Trump's decision not to certify that Iran is complying with a nuclear agreement and other tensions in the Middle East.

  • NEW YORK, Oct 13- Treasury yields were lower on Friday after muted underlying U.S. inflation data offset higher gasoline prices and strong retail sales while the U.S. dollar regained ground but was set for its worst week in five. Stocks on major world markets, however, hit their fourth record high in a row, with Wall Street moving higher as some investors bet the...

  • NEW YORK, Oct 13- The dollar was little changed against a basket of currencies on Friday, shaking off early weakness, after data showed U.S. consumer prices rose less than expected in September, pointing to muted inflation that could worry Federal Reserve officials. The Labor Department said on Friday its Consumer Price Index jumped 0.5 percent last month after...

  • *10- year Treasury yields lowest since Sept. 27. NEW YORK, Oct 13- U.S. There is really no fig leaf to cover up this notion that inflation is weak, and it's weak in a very broad sense, said Aaron Kohli, an interest rate strategist at BMO Capital Markets in New York.