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October, 25, 2016

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Business > Middle East
Ecuador's Hydrocarbons Minister Carlos Pareja said in Doha Sunday that his country supports a reported draft agreement among major crude producers that would freeze output at January levels until October.
Thousands of oil workers in Kuwait began an open-ended strike on Sunday to protest against a government proposal to cut their wages, the head of their union said.
Turkey's government on Monday appointed the deputy chief of the Turkish central bank as its new governor, ending weeks of uncertainty and relieving markets who feared an untested choice.
A leading Arab satellite operator cut transmission of Hezbollah's television channel Al-Manar on Wednesday amid rising tensions between the Lebanese Shiite group's backer Iran and Sunni powerhouse Saudi Arabia.
Iraq's food business booms despite problems
Iraqi businessman Zaid Nazo has always been sure of his nation's deep passion for food and wasn't afraid to dream big when he transformed his small Baghdad coffee shop in 1999 into a casual dining and takeaway restaurant. Today, the 41-year-old father of two has opened four branches and his chain is one of the most popular in Iraq.
Israel's state electric company on Monday reduced power to a major West Bank city, saying it would take similar steps in other Palestinian areas over the next two weeks because of unpaid debt.
Kawsar Ahmed Sumon took 1,500 kilograms of vegetables and betel leaves to Hazrat Shahjalal International Airport in Dhaka on March 25 to export them to Saudi Arabia.
The emirate of Dubai, whose airport is the world's busiest for international passengers, announced Wednesday it was introducing a tax on travelers to help finance expansion, as Gulf governments grapple with plummeting revenues.
Israel's parliament has passed a law capping the annual salaries of bank executives at US$658,000, described as among the world's toughest such restrictions.
Israel supreme court strikes down major gas deal
Israel's top court on Sunday struck down a landmark deal regulating exploitation of Mediterranean gas reserves, in a major defeat for Prime Minister Benjamin Netanyahu who called the ruling "mystifying."
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