×

Wires

  • DUBAI, United Arab Emirates— Iran's supreme leader has ordered the Revolutionary Guard to loosen its hold on the economy, the country's defense minister says, raising the possibility that the paramilitary organization might privatize some of its vast holdings. Amir Hatami appear to be a trial balloon to test the reaction of the idea, long pushed by Iran's...

  • MOSCOW, Jan 21- The next Joint OPEC-Non-OPEC Ministerial Monitoring Committee will be held in April in Saudi Arabia, Russian RIA news agency reported on Sunday, citing an OPEC statement. It also said that compliance with the global oil production cut deal by OPEC and non- OPEC nations was at 129 percent in December and averaged 107 percent over the whole of last...

  • MOSCOW, Jan 21- The next Joint OPEC-Non-OPEC Ministerial Monitoring Committee will be held in April in Saudi Arabia, Russian RIA news agency reported on Sunday, citing an OPEC statement. It also said that compliance with the global oil production cut deal by OPEC and non- OPEC nations was at 129 percent in December and averaged 107 percent over the whole of last...

  • RIYADH, Jan 21- Saudi Arabia plans to build nine desalination plants for more than 2 billion riyals on the Red Sea coast, its environment minister said on Sunday. The project, which the minister said was ordered by King Salman in a royal decree, will help government-owned Saudi Saline Water Conversion Corp raise production efficiency and cut operating and...

  • CAIRO, Jan 21- Egypt is looking to offer shares in eight to 10 state companies on the stock exchange over the next 18 months, Finance Minister Amr El-Garhy told Reuters on Sunday, as part of a drive to attract foreign investors. Egypt's stock market has taken off since the country floated its pound currency in November 2016, with the Egyptian blue-chip index gaining...

  • KABUL, Jan 21- Gunmen dressed in army uniforms who stormed Kabul's Intercontinental Hotel battled Afghan Special Forces for 13 hours in an overnight siege that left at least five people dead, officials and witnesses said on Sunday. The Taliban claimed responsibility for the attack, which saw more than 150 guests flee, with some shimmying down tied-together...

  • DUBAI, Jan 21- Gulf stock markets mostly edged down on Sunday with Saudi Arabia pulling further away from a major resistance level, although a surge by fuel distributor ADNOC Distribution buoyed Abu Dhabi. Dairy company Almarai dropped 1.9 percent after reporting fourth-quarter net profit of 513 million riyals, down from 536 million riyals a year ago and below...

  • DAVOS, Switzerland, Jan 21- European leaders will be out in force at the World Economic Forum in Davos this week to defend multilateralism before U.S. Politicians, business chiefs, bankers and celebrities will meet in the Swiss Alps under the banner "Creating a Shared Future in a Fractured World" for the four-day gathering against an unsettling global backdrop.

  • *Oman says favors new deal, may discuss in November. MUSCAT, Jan 21- Saudi Arabia's energy minister urged global oil producing nations on Sunday to extend their cooperation beyond 2018, but said this might mean a new form of deal rather than continuing the same supply cuts that have boosted prices in recent months. It was the first time that Saudi Arabia had...

  • CAIRO, Jan 21- Egypt's Finance Minister Amr El Garhy said on Sunday the country had paid $200 million in arrears owed to foreign oil companies in January, and would pay another $550 million in February and March. Egypt owed foreign oil companies $2.4 billion at the end of June 2017, the petroleum ministry said this week. Cairo has pledged to eliminate arrears by the...

  • CAIRO, Jan 21- Egypt's Finance Minister Amr El Garhy said on Sunday the country had paid $200 million in arrears owed to foreign oil companies in January, and would pay another $550 million in February and March. Egypt owed foreign oil companies $2.4 billion at the end of June 2017, the petroleum ministry said this week. Cairo has pledged to eliminate arrears by the...

  • BEVERLY HILLS, Calif.— Women and inclusivity continued to dominate the awards season conversation Saturday at the Producers Guild Awards, where Guillermo del Toro's fantastical romance "The Shape of Water" won the top award and honorees like Jordan Peele and Ava DuVernay gave rousing speeches to the room of entertainment industry leaders.

  • WELLINGTON, New Zealand— A rocket launched from New Zealand on Sunday successfully reached orbit carrying small commercial satellites. California- based company Rocket Lab said its Electron rocket, which carries only a small payload of about 150 kilograms, successfully deployed an earth imaging and two other satellites for weather and ship tracking after...

  • KABUL, Jan 21- Afghan Special Forces ended an overnight siege at Kabul's Intercontinental Hotel on Sunday, killing the last gunman from a group of three attackers who stormed the hotel, taking hostages and battling security forces for hours. Interior Ministry spokesman Najib Danish said at least five other people had been killed and six wounded, a lower...

  • WASHINGTON— Feuding Democrats and Republicans in Congress are trying to dodge blame for a paralyzing standoff over immigration and showing few signs of progress on negotiations needed to end a government shutdown. The finger-pointing Saturday played out in rare weekend proceedings in both the House and Senate, where lawmakers were eager to show voters...

  • WASHINGTON— Thousands of federal employees began their weekends gripped with doubt, uncertain of when they'll be able to return to work and how long they'll have to go without being paid after a bitter political dispute in Washington triggered a government shutdown. A shutdown plan posted on the Treasury Department's website shows that nearly 44 percent of...

  • Essential services such as the mail and Social Security checks continue. The air traffic control system stays up and running, as do the FBI, Customs and Border Protection and veterans hospitals. But those serving abroad and expecting the American Forces Network to broadcast radio and television programming will miss the NFL playoffs.

  • WASHINGTON— He wrote a book on the art of negotiation and was elected to office claiming he alone could end Washington gridlock, but President Donald Trump's latest attempt to broker a big, bipartisan deal has turned into a big mess. "Negotiating in politics is a lot different than real estate," said GOP strategist Alex Conant. Nobody runs for Congress because they...

  • Jan 20- Social Finance Inc is in discussions with Anthony Noto, a top Twitter Inc executive, to become the online lender's chief executive, the Wall Street Journal reported on Saturday, citing sources. Noto, Twitter's chief operating officer, has been offered the CEO position at SoFi, the report said, and was expected to make a decision in the coming days.

  • KABUL, Jan 21- Afghan Special Forces moved through Kabul's Intercontinental Hotel floor by floor on Sunday fighting the surviving gunmen who attacked the hotel a day earlier, seizing hostages and staging an overnight siege. Najib Danish, an interior ministry spokesman, said at least five people had been killed and six wounded in the raid, which came days after a...