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By HELENE COOPER and CEYLAN YEGINSU July 23, 2015 AMMAN, Jordan — The United States and Turkey have reached an agreement for manned and unmanned American warplanes to carry out aerial attacks on the Islamic State from two Turkish air bases, Obama administration officials said Thursday. The agreement on the bases, Incirlik and Diyarbakir, was described by one senior administration official as a “game changer” that would significantly strengthen the American […]

UAE. Wermuth Asset Management has announced its expectation that, given the availability of solar power at $4 cents/kWh, a price with which crude oil could only compete if offered below $7/barrel, the ‘carbon bubble’ will burst and that it will have profound implications for the Middle East’s oil producing countries, global financial markets and the world economy. If COP21 leaders this year commit to a global 2⁰C […]

INTERNATIONAL. In my “Net Assessment of the World,” I argued that four major segments of the European and Asian landmass were in crisis: Europe, Russia, the Middle East (from the Levant to Iran) and China. Each crisis was different; each was at a different stage of development. Collectively the crises threatened to destabilize the Eurasian landmass, the Eastern Hemisphere, and potentially generate a global crisis. They do […]

|By Matein Khalid| As a student of investing and the son of a painter/art historian, I cherish art as a visceral, spiritual value but am also intrigued by its historical linkage to banking and the financial markets. The happiest moments of my life have been spent in the Prado, Tate, Hermitage, Rijksmuseum, Ufizi, MOMA, Met, the National Gallery on Trafalgar Square, the Louvre, Musee d’Orsay and so […]

Crude slumped below $50 a barrel in New York for the first time in more than three months on speculation that Iranian shipments will climb, extending a global glut. West Texas Intermediate decreased as much as 1.9 percent. Iran will focus on regaining oil sales it lost due to sanctions regardless of the impact on prices, Oil Minister Bijan Namdar Zanganeh said in Tehran Monday. U.S. crude […]

UNITED NATIONS — The United Nations Security Council on Monday unanimously approved a resolution that creates the basis for international economic sanctions against Iran to be lifted, a move that incited a furious reaction in Israel and potentially sets up an angry showdown in Congress. The 15-0 vote for approval of the resolution — 104 pages long including annexes and lists — was written in Vienna by […]

New Italian mobile operator picks Oracle cloud MILAN, 3 days ago Ringo Mobile, a new mobile telephony operator which has just entered the Italian market, has chosen Oracle Cloud to guarantee flexible company management in total security. Ringo Mobile is part of the ICS Group, founded in 2008 and active today in Switzerland and Egypt. The company aims to expand its presence in Italy and plans to […]

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INTERNATIONAL. Global investors have raised their holdings of cash significantly in response to a weaker global economic outlook, particularly in China, according to the BofA Merrill Lynch Fund Manager Survey for July. Overall, equity allocations are unaffected by the higher risk aversion, however. • Confidence in the global economy falls sharply: 42percent of investors expect strengthening over next year, down from 55 percent a month ago.• China heads concerns: […]

JERUSALEM — Israeli commentators have described this week’s Iran nuclear deal as a “personal failure,” a “stinging failure,” and a “colossal failure” for Prime Minister Benjamin Netanyahu. Yair Lapid, a rival who heads an opposition faction in Israel’s Parliament, called it “the greatest failure in foreign policy of any Israeli prime minister since the state’s establishment” and demanded his ouster. Mr. Netanyahu has framed his career over […]

A logo is pictured at Google’s European Engineering Center in Zurich April16, 2015. Reuters/Arnd Wiegmann/Files Google Inc on Wednesday unveiled a new feature called “Purchases on Google,” which allows shopper to buy items directly from mobile search ads. The eagerly awaited “buy” feature, which Google said it was testing with a few retailers, uses saved payment credentials from the user’s Google Account for transactions. Both Google and […]

TEHRAN — “Happy nuclear deal” said Cyrus Razzaghi, a business consultant here, when he picked up the phone on Wednesday. Mr. Razzaghi has been trying to make a business of organizing seminars and meetings for European and American companies interested in Iran, but it had been a bit slow until now. Even though, technically, many of them could have done business here despite the sanctions, they feared […]

INTERNATIONAL. A desperate battle was fought last week. It pitted Germany and Greece against each other. Each country had everything at stake. Based on the deal that was agreed to, Germany forced a Greek capitulation. But it is far from clear that Greece can allow the agreement reached to be implemented, or that it has the national political will to do so. It is also not clear […]

Reporter’s Notebook By DAVID E. SANGER and MICHAEL R. GORDON July 11, 2015 VIENNA — Absent real pronouncements 11 days after the hard-and-fast deadline for a nuclear deal with Iran, people have begun looking to the balconies to determine if a deal is imminent. Well, one balcony: Mohammad Javad Zarif’s, Iran’s foreign minister, who on Saturday spent a lot of time in the sun. As the diplomacy churned on, Mr. Zarif was reading […]

|By TAP Staff| Dubai’s bilateral trade with was valued at AED 47 billion in the first quarter of 2015, it was revealed. For the whole of last year, Dubai-China trade was worth a record AED 175 billion. The statistics were revealed at a meeting between Director of Dubai Customs Ahmed Mahboob Musabih and Consul General of the People’s Republic of China in Dubai, Li Lingbing. The two […]

VIENNA — Secretary of State John Kerry said on Saturday that there were still “difficult issues to resolve” before a landmark nuclear accord with Iran could be completed. Mr. Kerry, who is in his 15th day of talks here, posted that message on Twitter after a meeting with Mohammad Javad Zarif, Iran’s foreign minister, and Federica Mogherini, the European Union’s foreign policy chief. Iran’s insistence on the […]

VIENNA — One of the last major obstacles to concluding a historic nuclear deal with Iran is a dispute over a set of United Nations sanctions that appeared to be resolved months ago and only peripherally have to do with nuclear weapons. The sanctions, passed in a series of resolutions by the United Nations Security Council beginning nine years ago, ban the shipment of conventional arms into […]

TEHRAN — As nuclear negotiations in Vienna grind on through deadline after deadline, Iranian officials have begun a public campaign to blame the United States in the event that the talks fail. Iran’s public diplomacy has long been geared toward selling a possible deal to hard-liners at home. But as an interim agreement between Iran and the West was extended on Friday to give negotiators more time, […]

Oil prices may fall further as the world remains “massively oversupplied,” before markets tighten in 2016 when output growth outside OPEC grinds to a halt, according to the International Energy Agency. There will be no overall production growth outside the Organization of Petroleum Exporting Countries next year for the first time since 2008, according to the IEA. Growth in U.S. shale oil supplies will stagnate to the […]

Video | Kerry Says He Will Not Rush Iran Talks Secretary of State John Kerry said on Thursday that he was not willing to rush nuclear talks with Iran, but that they could not go on forever without an agreement. By MICHAEL R. GORDON and DAVID E. SANGER July 9, 2015 VIENNA — Secretary of State John Kerry said on Thursday that the United States would continue to negotiate on a nuclear agreement […]

|By Matein Khalid| De Gaulle dissed gold as a “barbarous relic” and Lenin sneered the yellow metal was fit only to “pave capitalist latrines”. So what? Gold has been an monetary metal in human history for centuries, back to the time of Pharonic Egypt, the Inca Empire, King Midas and the Spanish conquistadores of Mexico. While President Nixon removed the gold/dollar Bretton Woods linkage in 1971 and […]

Dubai has overtaken other financial centres in listing Islamic bonds on its exchanges, and is mounting a global drive to attract more listings while developing new channels to trade sukuk, the chief executive of Nasdaq Dubai said. “Demand for Islamic financial products still exceeds supply — there are very few financial products for which this is true,” said Hamed Ahmed Ali. The exchange is working on ways […]

UAE. The representation of women on corporate boards continues to increase, but the number of women leading boards still remains low globally. Overall, women now hold 12 percent of seats worldwide with only 4 percent chairing boards, according to the fourth edition of the Women in the Boardroom: A Global Perspective, report by Deloitte. The report outlines the efforts of 49 countries to increase the number of […]

TEHRAN — The chants of “Death to America” and the burning of American flags in the streets are as familiar a part of life here as air pollution and traffic jams. With the United States and Iran on the verge of a potentially historic nuclear accord, however, there has been a distinct change in tone: the anti-Americanism is getting even more strident. The rising levels of vitriol […]

Privacy Group Asks FTC To Push Google on U.S. ‘Right To Be Forgotten’ The failure of Google to offer users in the U.S. the same “right to be forgotten” protection available in Europe violates U.S. law on unfair and deceptive trade practices, according to the advocacy group Consumer Watchdog. The organization on Tuesday submitted a complaint to the Federal Trade Commission (FTC) asking the agency to “investigate […]

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