Major Gulf bourses end mixed, Abu Dhabi falls most

(Reuters) – Major stock markets in the Gulf ended mixed on Monday, with the Abu Dhabi index falling the most, as investors remained cautious about global economic recovery and the oil market.FILE PHOTO: An investor monitors a screen displaying stock information at the Abu Dhabi Securities Exchange June 25, 2014./File PhotoU.S. House Democrats are expected… Continue reading Major Gulf bourses end mixed, Abu Dhabi falls most

Risk of 'catastrophic' coronavirus surge in Middle East- WHO

FILE PHOTO: A logo is pictured at the World Health Organization (WHO) building in Geneva, Switzerland, February 2, 2020. REUTERS/Denis BalibouseCAIRO (Reuters) – A surge of coronavirus cases in several Middle Eastern countries could have dire consequences, aggravated by the spread of the Delta variant and low vaccine availability, the World Health Organisation said on… Continue reading Risk of 'catastrophic' coronavirus surge in Middle East- WHO

Aramco risk seen as higher than Saudi sovereign ahead of new bonds

DUBAI (Reuters) – Saudi Aramco’s planned bond issuance will likely price around 10 basis points wider than the government of Saudi Arabia’s debt curve, financial sources said, the small difference suggesting that investors see its risk profile as slightly higher after oil prices dropped this year. The oil giant said on Monday it was considering… Continue reading Aramco risk seen as higher than Saudi sovereign ahead of new bonds

Chevron bets on Middle East gas riches and reconciliation

HOUSTON/LONDON (Reuters) – After years of focusing on U.S. shale, Chevron Corp CVX.N is staking its natural gas future on the Middle East, a volatile and divided region where energy majors have long tread warily.FILE PHOTO: An aerial view shows the newly arrived foundation platform of Leviathan natural gas field, in the Mediterranean Sea, off… Continue reading Chevron bets on Middle East gas riches and reconciliation

MIDEAST STOCKS-Oil prices, corporate earnings boost Saudi shares

* Aramco closes at 31.95 riyals * NCB, Riyad Bank gain on earnings * Air Arabia rises despite lower Q1 profit * DFM sees sharpest intraday rise in over a decade By Maqsood Alam May 17 (Reuters) – Saudi Arabian stocks rose sharply on Sunday buoyed by jump in oil prices and positive corporate earnings,… Continue reading MIDEAST STOCKS-Oil prices, corporate earnings boost Saudi shares

MIDEAST STOCKS-Saudi slips on lower than expected oil supply cuts; UAE extends gains

April 12 (Reuters) – Saudi Arabia’s stock market fell in early trade on investor disappointment after OPEC and allied oil producing countries agreed a smaller-than-expected cut in output. The OPEC+ group agreed to reduce output by 10 million barrels per day (bpd) from May, with Russia saying it would only reduce if the United States… Continue reading MIDEAST STOCKS-Saudi slips on lower than expected oil supply cuts; UAE extends gains

MIDEAST STOCKS-Most Middle Eastern stocks decline as Qatar leads losses

* Industries Qatar slides on weak earnings * 27 of 30 Egyptian stocks drop * Zain Saudi extends losses on debts deal * Aramco closes down at 33.2 riyals By Maqsood Alam Feb 12 (Reuters) – Most major Middle Eastern stock markets closed lower on Wednesday with Qatar and Dubai dragged down by a slew… Continue reading MIDEAST STOCKS-Most Middle Eastern stocks decline as Qatar leads losses

Oil markets warily eye Mideast following U.S. airstrike in Iraq

Top Iran general killed in airstrike: Report Iraq State TV is reporting that Iran’s top general Qassem Soleimani was killed in an airport airstrike in Iraq on Thursday. Escalation of tensions between Iran, Iraq and the United States in the wake of Thursday night’s airstrike at Baghdad’s international airport could have a dramatic impact on… Continue reading Oil markets warily eye Mideast following U.S. airstrike in Iraq

French warship to spearhead European mission in Gulf from next year

PARIS (Reuters) – A European operation to ensure safe shipping in the Gulf region, scene of attacks on merchant vessels this year, will get underway next month when a French warship starts patrolling there, a French armed forces spokeswoman said on Thursday. The French government has pushed for a European security alternative in the Strait… Continue reading French warship to spearhead European mission in Gulf from next year

After Baghdadi death, Nobel laureate Nadia Murad asks: What about the rest?

UNITED NATIONS (Reuters) – The fight for justice for victims of Islamic State militants does not end with the death of leader Abu Bakr al-Baghdadi, Nobel laureate Nadia Murad said on Wednesday, asking: “How about those that raped us?” Murad, who won the 2018 Nobel Peace Prize for her efforts to end the use of… Continue reading After Baghdadi death, Nobel laureate Nadia Murad asks: What about the rest?

Syrian Democratic Forces say Baghdadi's underwear was DNA tested before raid

BEIRUT (Reuters) – Islamic State leader Abu Bakr al-Baghdadi’s underpants were obtained by an undercover source and DNA tested to prove his identity before an operation by U.S. forces to kill him, an advisor to the Syrian Democratic Forces said on Monday. Polat Can, a senior advisor to the Kurdish-led SDF, gave details on Twitter… Continue reading Syrian Democratic Forces say Baghdadi's underwear was DNA tested before raid

U.S. will act if Iranian tanker tries to deliver oil to Syria: Pompeo

UNITED NATIONS/ATHENS (Reuters) – The United States will take every action it can to prevent an Iranian tanker sailing in the Mediterranean from delivering oil to Syria in contravention of U.S. sanctions, Secretary of State Mike Pompeo warned on Tuesday. Greece said earlier in the day that it had not had a request from the… Continue reading U.S. will act if Iranian tanker tries to deliver oil to Syria: Pompeo

Iran tanker heads to Greece, Iran warns U.S against seizure bid

DUBAI (Reuters) – An Iranian tanker at the center of an angry confrontation between Iran and Washington sailed for Greece on Monday after it was freed from detention off Gibraltar, as Tehran said any U.S. move to seize the vessel again would have “heavy consequences”. While Iran’s Foreign Minister Mohammad Javad Zarif appeared to downplay… Continue reading Iran tanker heads to Greece, Iran warns U.S against seizure bid

Iran to keep reducing nuclear deal commitments in stand-off with U.S.: supreme leader

DUBAI (Reuters) – Iran’s supreme leader upped the ante in a volatile stand-off with the United States on Tuesday, warning Tehran would continue removing restraints on its nuclear program and retaliate for the seizure of an Iranian oil tanker. Tensions have spiked since U.S. President Donald Trump last year abandoned world powers’ 2015 nuclear deal… Continue reading Iran to keep reducing nuclear deal commitments in stand-off with U.S.: supreme leader

Gulf escalation is not in anyone's interests: UK PM May's spokesman

LONDON (Reuters) – An escalation of tensions between Western states and Iran is not in anybody’s interest, British Prime Minister Theresa May’s spokesman said on Tuesday following threats of retaliation from Iran over the seizure of an oil tanker. “We have been consistent: Escalation in the Gulf is not in anyone’s interests and we have… Continue reading Gulf escalation is not in anyone's interests: UK PM May's spokesman

Pompeo to discuss building global coalition during UAE visit: embassy

DUBAI (Reuters) – The U.S. Mission in the United Arab Emirates said on Monday that U.S. Secretary of State Mike Pompeo would discuss “building a global coalition to counter the world’s largest state sponsor of terror” during his visit to Abu Dhabi. Pompeo arrived in the UAE capital after a visit to Saudi Arabia. A… Continue reading Pompeo to discuss building global coalition during UAE visit: embassy

Pompeo discusses Iran with Gulf allies amid escalating crisis

RIYADH (Reuters) – U.S. Secretary of State Mike Pompeo discussed Iran and maritime security with rich Gulf Arab allies during a trip to the region on Monday after President Donald Trump called off a military strike to retaliate for Tehran’s downing of a U.S. drone. Pompeo met with Saudi Arabia’s King Salman and had lunch… Continue reading Pompeo discusses Iran with Gulf allies amid escalating crisis

Trump says he halted U.S. military response on Iran because was 'not proportionate'

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said he blocked a planned military strike against Iran because it would not have been a proportionate response to Tehran’s downing of an unmanned U.S. surveillance drone, adding that more sanctions were imposed late on Thursday. “10 minutes before the strike I stopped it, not proportionate… Continue reading Trump says he halted U.S. military response on Iran because was 'not proportionate'

Ramadan in Mideast is for fasting and Facebook, data shows

In this Monday, May 20, 2019 photo, Facebook’s Managing Director for the Middle East and North Africa, Ramez Shehadi speaks to The Associated Press at the Facebook office in Dubai, United Arab Emirates. The Muslim holy month of Ramadan, with its long days of fasting and prayer meant to draw worshippers closer to God and… Continue reading Ramadan in Mideast is for fasting and Facebook, data shows