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Anger, Calls For Calm In Middle East Over New Charlie Cartoons

Charlie Hebdo’s “survivor’s edition” swiftly sold out its multi-million copy print run in France.

Oil Price Drop Unexpected, OPEC Was Right Not To Cut – Kuwait

Oil prices have collapsed about 60 per cent in the last six months.

Dana Gas CEO Says Oil Price Collapse Could Delay Egypt Payments

Last September, Dana said it had signed a deal with Egypt that would help it recover most of the money it was owed.

Stock News: Mixed Earnings, Weak Oil May Dampen Gulf Markets

Oil slid in early Asian trade on Wednesday after touching its lowest in nearly six years in the previous session.

Gulf States Plan Laws To Curb Fuel Smuggling

The minister did not specify how the new laws would work, but said details would be released soon.

Iran’s Rouhani Says Countries Behind Oil Price Drop Will Suffer

Iranian president said that oil producers such as Saudi Arabia and Kuwait will suffer more than Iran from the falling oil prices.

Middle East’s Integrated Diagnostics Plans UK Listing

Up to 45 per cent of IDH could be listed, the company said.

Convenience Store Circle K To Open 28 New UAE Outlets In 2015

The move is part of a wider Middle East expansion plan to open 55 new branches this year.

Stock News: Gulf Markets Pull Back As Oil Continues Slide

rent crude oil dropped into the $46 area in Asian hours on Tuesday, near a six-year low.

Stock News: Gulf Markets May Extend Gain On Strong Q4 Results

Several regional companies published positive fourth-quarter earnings.

GCC Rail Projects To See Investments Worth $200bn

Rail projects across the GCC are expected to fuel intra-regional trade while helping reduce fuel consumption.

BMW Middle East Sales Up By 23% In 2014

The UAE accounted for 54 per cent of BMW’s sales in the Middle East, followed by Saudi Arabia and Kuwait.

Stock News: Most Markets Edge Up, But Industries Qatar Drags Down Doha

Industries Qatar fell its daily 10 per cent limit and was the main drag on Qatar’s index, which dropped 2.3 per cent.

Saudi’s ACWA Power Wins 1.7bn Euro Morocco Solar Power Deal

The two plants are the second phase of the 500 MW Ouarzazate project, which is part of a government plan to produce two gigawatts of solar power by 2020.

Bid Deadline For Egypt’s Arab Dairy Extended To January 22

Pioneers, a financial firm that already owns 25 per cent of Arab Dairy, is in a bidding war with Lactalis for Egypt’s Arab Diary.

Middle East Carriers Post 12.9% Cargo Growth In November

Middle Eastern air cargo carriers also saw a 17.1 per cent increase in capacity in November, IATA said.

Blizzards Hit Middle East, Refugees Bear Brunt

The storm is forecast to last several days, threatening further disruption in Lebanon, Syria, Turkey, Jordan, Israel, the West Bank and the Gaza Strip.

Stock News: Gulf Markets Stabilise After Sharp Drops

Dubai’s bourse, which had suffered more than others and fallen 8.6 per cent this week, added 0.8 per cent in a broad recovery.

Egypt’s Bisco Misr Shareholders Agree To Sell Stake To Kellogg

Shareholders controlling 59.91 per cent of the company’s shares had agreed to sell at 89.86 pounds per share, Bisco Misr said in a statement.

Stock News: Gulf Sentiment May Stay Weak After Oil’s Plunge

Brent futures edged up early on Tuesday but traded below $54.

Three Saudi Guards Killed In Attack On Iraq Frontier

The guards were killed in a slight border skirmish when attackers shot at the patrol near Arar.

Blast Targets Houthi Base In Yemen Capital

The explosion left a hole in the wall of the building but no fatalities were reported.

Rouhani Urges End To Iran’s Isolation

Rouhani’s call is in line with his preference for a greater public say on strategic matters, traditionally vested with the Supreme Leader Ayatollah Ali Khamenei.

UAE’s Dana Gas Says Receives $60m From Egyptian Government

Egypt has delayed payments to oil and gas firms as its economy has been hammered by almost four years of instability.

Saudi Arabia To Reopen Baghdad Embassy After 25-year Chill

Saudi Arabia closed its Baghdad embassy in 1990 after the late Iraqi dictator Saddam Hussein invaded Kuwait.

Jailed Australian Journalist Seeks Presidential Deportation From Egypt

The High Court in Cairo ordered a retrial last week on the grounds of procedural flaws in the trial.

Egyptian Court Orders Retrial Of Al Jazeera Journalists

Three journalists are expected to remain in jail until they appear in a new court for retrial, a defence lawyer was quoted as saying.

Oil Ends On A Low After Halving In 2014 As OPEC Stands Aside

Oil prices have collapsed this year as the OPEC opted to maintain the same level of output despite a supply glut.

At Least 26 Killed In Suicide Bombing In Central Yemen

No one claimed responsibility for the suicide bombing, but it resembles previous attacks carried out by al Qaeda in the Arabian Peninsula (AQAP).

Abraaj Pulls Out Of Bidding For Egypt’s Bisco Misr

Abraaj did not give a reason for its withdrawal from the bidding process, but said the orderly and transparent process had underlined growing investor interest in Egypt.