Middle East and North Africa

Middle East and North Africa coverage from Reuters.

Business News13 minutes ago

There has been no significant impact from the depreciation of the Turkish lira on the results and quality of Saudi Arabian bank assets, Talaat Hafez, spokesman for Saudi banks, was quoted as saying in a tweet carried by the kingdom's state TV Alekhbariya on Thursday.

Earnings13 minutes ago

The headquarters of the Commerzbank are pictured before the bank's annual news conference in Frankfurt, Germany, February 8, 2018. REUTERS/Ralph Orlowski

Commerzbank's <CBKG.DE> 2020 revenue guidance of 9.8 billion euros ($11.14 billion) is challenging as interest rates are expected to stay low and margins remain under pressure in a competitive German market, Chief Executive Martin Zielke said.

Business News28 minutes ago

FILE PHOTO - A general view of a crude oil importing port in Qingdao, Shandong province, in this November 9, 2008 file photo. REUTERS/Stringer/Files

Oil edged higher as global markets steadied on Thursday, recouping some of the previous day's 2 percent slide, though a weakening outlook for crude demand kept prices in check.

Commodities35 minutes ago

A sign for the 'Deutsche Bahn' building is pictured near main train station in Erfurt, Germany, April 14, 2017. REUTERS/Michaela Rehle

German state-owned rail operator Deutsche Bahn [DBN.UL] is phasing out projects in Iran after Washington imposed new sanctions against Tehran and said firms doing business with Iran would be barred from doing business with the United States.

World Newsan hour ago

FILE PHOTO: A 100 Turkish lira banknote is seen on top of 50 Turkish lira banknotes in this picture illustration in Istanbul, Turkey August 14, 2018. REUTERS/Murad Sezer/File Photo

The Turkish lira strengthened three percent on Thursday before a presentation by Finance Minister Berat Albayrak to investors, shrugging off U.S. comments ruling out the removal of steel tariffs on Turkey even if it frees a U.S. pastor.

World Newsan hour ago

An Apple store is pictured in Istanbul, Turkey August 15, 2018. REUTERS/Murad Sezer

The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey even if Ankara frees a U.S. pastor, as Qatar pledged $15 billion in investment to Turkey, supporting a rise in the Turkish lira.

Business Newsan hour ago

FILE PHOTO - People walk past an electronic board displaying various Asian countries' stock price index and world major index outside a brokerage in Tokyo, Japan, August 21, 2015. REUTERS/Issei Kato/File Photo

Bruised world shares and emerging market currencies fought to regain their footing on Thursday, after China said it will hold trade talks with the United States later this month and Turkey’s lira continued its recovery run.

Earningsan hour ago

FILE PHOTO: Hans Van Bylen, chief executive officer of German consumer goods group Henkel is seen next to the company's logo at the annual general shareholders' meeting in Duesseldorf, Germany, April 11, 2016. REUTERS/Wolfgang Rattay/File Photo

German consumer goods company Henkel <HNKG_p.DE> lowered its full-year earnings forecast after weak emerging market currencies and costlier raw materials dented quarterly results, sending its share price down 3 percent.

World Newsan hour ago

FILE PHOTO: Afghan policemen arrive at the site of a suicide bomb attack in Kabul, Afghanistan August 15, 2018. REUTERS/Omar Sobhani

Islamic State said one of its militants was responsible for a deadly suicide bombing in a Shi'ite area of the Afghan capital Kabul on Wednesday, the group's Amaq news agency said on Thursday without providing proof.

World Newsan hour ago

FILE PHOTO: Turkish Treasury and Finance Minister Berat Albayrak speaks during a presentation to announce his economic policy in Istanbul, Turkey August 10, 2018. REUTERS/Murad Sezer/File Photo

Turkish Finance Minister Berat Albayrak faces a key credibility test on Thursday when he hosts a conference call with global investors to reassure them that policy makers can contain the country's worst currency crisis since 2001.

World News2 hours ago

FILE PHOTO: Palestinians pass by the gate of an UNRWA-run school in Nablus in the occupied West Bank August 13, 2018. REUTERS/Abed Omar Qusini

The United Nations agency dealing with Palestinian refugees said on Thursday it would open its schools in the Middle East as scheduled this month despite a deficit caused by a U.S. funding cut.

World News2 hours ago

FILE PHOTO: A U.S. 100 dollar banknote is seen through a magnifying lens on top of 10 and 20 lira banknotes in this illustration picture taken in Istanbul January 28, 2014. REUTERS/Murad Sezer/Illustration/File Photo

President Donald Trump has repeatedly called for a weaker U.S. dollar in a bid to help U.S. exporters, but his recent trade policies, including the imposition of import tariffs on some Turkish goods, have had the opposite effect of strengthening the greenback.

Earnings4 hours ago

Israel's largest mobile phone operator Cellcom <CEL.TA> <CEL.N> moved to a loss in the second quarter due mainly to a one-time expense for the voluntary retirement of 200 employees.

Earnings4 hours ago

FILE PHOTO: Logo of Israeli defence electronics firm Elbit Systems is seen at their offices in Haifa, Israel February 26, 2017. REUTERS/Baz Ratner/File Photo

Israeli defense electronics firm Elbit Systems <ESLT.TA> <ESLT.O> reported on Thursday higher second-quarter net profit and revenue, boosted by an acquisition, its cybersecurity business, and sales of airborne systems.

Earnings4 hours ago

FILE PHOTO: Freight containers are seen on a container ship at DP World, Southampton Docks, in Southampton, Britain, March 27, 2017. REUTERS/Eddie Keogh/File Photo

DP World <DPW.DI>, one of the world's biggest port operators, posted a 2.1 percent drop in first-half net profit on Thursday, and cautioned about geopolitical risks and recent changes to trade policies.

World News5 hours ago

Children look from behind a window of a house in the old quarter of Sanaa, Yemen August 6, 2018. REUTERS/Khaled Abdullah

Yemen's three-year war has taken a heavy toll on Sanaa's historic Old City, a dense warren of mosques, bath houses and 6,000 mud brick houses, which date from before the 11th century.

Big Story 105 hours ago

Two individuals from Deloitte were appointed as joint provisional liquidators by the Dubai International Financial Centre (DIFC) Courts to oversee the winding up of Dubai-based private equity firm Abraaj Capital, DIFC Courts said on Thursday.

World News6 hours ago

Turkey should commit to sound economic policies to promote stability and reduce imbalances at a time of market volatility, an IMF spokesperson said on Wednesday as a row between Washington and Ankara over the jailing of an American pastor dragged on.

World News11 hours ago

Saudi security forces neutralized a man who was wearing what looked like an explosive vest in the city of Al-Bukayriyah and wounded him in an exchange of gunfire, an Interior Ministry spokesman said in a statement early on Thursday.

Politics11 hours ago

U.S. President Donald Trump walks across the South Lawn after arriving in Marine One from a recent trip to New York at the White House in Washington, U.S., August 13, 2018. REUTERS/Leah Millis

U.S. senators agreed on Wednesday to debate and vote in the next few days on more than $850 billion in spending on defense, labor and healthcare programs, as the Trump administration announced its objections to some parts of the bill.

Business News13 minutes ago

There has been no significant impact from the depreciation of the Turkish lira on the results and quality of Saudi Arabian bank assets, Talaat Hafez, spokesman for Saudi banks, was quoted as saying in a tweet carried by the kingdom's state TV Alekhbariya on Thursday.

Earnings13 minutes ago

The headquarters of the Commerzbank are pictured before the bank's annual news conference in Frankfurt, Germany, February 8, 2018. REUTERS/Ralph Orlowski

Commerzbank's <CBKG.DE> 2020 revenue guidance of 9.8 billion euros ($11.14 billion) is challenging as interest rates are expected to stay low and margins remain under pressure in a competitive German market, Chief Executive Martin Zielke said.

Business News28 minutes ago

FILE PHOTO - A general view of a crude oil importing port in Qingdao, Shandong province, in this November 9, 2008 file photo. REUTERS/Stringer/Files

Oil edged higher as global markets steadied on Thursday, recouping some of the previous day's 2 percent slide, though a weakening outlook for crude demand kept prices in check.

Commodities35 minutes ago

A sign for the 'Deutsche Bahn' building is pictured near main train station in Erfurt, Germany, April 14, 2017. REUTERS/Michaela Rehle

German state-owned rail operator Deutsche Bahn [DBN.UL] is phasing out projects in Iran after Washington imposed new sanctions against Tehran and said firms doing business with Iran would be barred from doing business with the United States.

World Newsan hour ago

FILE PHOTO: A 100 Turkish lira banknote is seen on top of 50 Turkish lira banknotes in this picture illustration in Istanbul, Turkey August 14, 2018. REUTERS/Murad Sezer/File Photo

The Turkish lira strengthened three percent on Thursday before a presentation by Finance Minister Berat Albayrak to investors, shrugging off U.S. comments ruling out the removal of steel tariffs on Turkey even if it frees a U.S. pastor.

World Newsan hour ago

An Apple store is pictured in Istanbul, Turkey August 15, 2018. REUTERS/Murad Sezer

The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey even if Ankara frees a U.S. pastor, as Qatar pledged $15 billion in investment to Turkey, supporting a rise in the Turkish lira.

Business Newsan hour ago

FILE PHOTO - People walk past an electronic board displaying various Asian countries' stock price index and world major index outside a brokerage in Tokyo, Japan, August 21, 2015. REUTERS/Issei Kato/File Photo

Bruised world shares and emerging market currencies fought to regain their footing on Thursday, after China said it will hold trade talks with the United States later this month and Turkey’s lira continued its recovery run.

Earningsan hour ago

FILE PHOTO: Hans Van Bylen, chief executive officer of German consumer goods group Henkel is seen next to the company's logo at the annual general shareholders' meeting in Duesseldorf, Germany, April 11, 2016. REUTERS/Wolfgang Rattay/File Photo

German consumer goods company Henkel <HNKG_p.DE> lowered its full-year earnings forecast after weak emerging market currencies and costlier raw materials dented quarterly results, sending its share price down 3 percent.

World Newsan hour ago

FILE PHOTO: Afghan policemen arrive at the site of a suicide bomb attack in Kabul, Afghanistan August 15, 2018. REUTERS/Omar Sobhani

Islamic State said one of its militants was responsible for a deadly suicide bombing in a Shi'ite area of the Afghan capital Kabul on Wednesday, the group's Amaq news agency said on Thursday without providing proof.

World Newsan hour ago

FILE PHOTO: Turkish Treasury and Finance Minister Berat Albayrak speaks during a presentation to announce his economic policy in Istanbul, Turkey August 10, 2018. REUTERS/Murad Sezer/File Photo

Turkish Finance Minister Berat Albayrak faces a key credibility test on Thursday when he hosts a conference call with global investors to reassure them that policy makers can contain the country's worst currency crisis since 2001.

World News2 hours ago

FILE PHOTO: Palestinians pass by the gate of an UNRWA-run school in Nablus in the occupied West Bank August 13, 2018. REUTERS/Abed Omar Qusini

The United Nations agency dealing with Palestinian refugees said on Thursday it would open its schools in the Middle East as scheduled this month despite a deficit caused by a U.S. funding cut.

World News2 hours ago

FILE PHOTO: A U.S. 100 dollar banknote is seen through a magnifying lens on top of 10 and 20 lira banknotes in this illustration picture taken in Istanbul January 28, 2014. REUTERS/Murad Sezer/Illustration/File Photo

President Donald Trump has repeatedly called for a weaker U.S. dollar in a bid to help U.S. exporters, but his recent trade policies, including the imposition of import tariffs on some Turkish goods, have had the opposite effect of strengthening the greenback.

Earnings4 hours ago

Israel's largest mobile phone operator Cellcom <CEL.TA> <CEL.N> moved to a loss in the second quarter due mainly to a one-time expense for the voluntary retirement of 200 employees.

Earnings4 hours ago

FILE PHOTO: Logo of Israeli defence electronics firm Elbit Systems is seen at their offices in Haifa, Israel February 26, 2017. REUTERS/Baz Ratner/File Photo

Israeli defense electronics firm Elbit Systems <ESLT.TA> <ESLT.O> reported on Thursday higher second-quarter net profit and revenue, boosted by an acquisition, its cybersecurity business, and sales of airborne systems.

Earnings4 hours ago

FILE PHOTO: Freight containers are seen on a container ship at DP World, Southampton Docks, in Southampton, Britain, March 27, 2017. REUTERS/Eddie Keogh/File Photo

DP World <DPW.DI>, one of the world's biggest port operators, posted a 2.1 percent drop in first-half net profit on Thursday, and cautioned about geopolitical risks and recent changes to trade policies.

World News5 hours ago

Children look from behind a window of a house in the old quarter of Sanaa, Yemen August 6, 2018. REUTERS/Khaled Abdullah

Yemen's three-year war has taken a heavy toll on Sanaa's historic Old City, a dense warren of mosques, bath houses and 6,000 mud brick houses, which date from before the 11th century.

Big Story 105 hours ago

Two individuals from Deloitte were appointed as joint provisional liquidators by the Dubai International Financial Centre (DIFC) Courts to oversee the winding up of Dubai-based private equity firm Abraaj Capital, DIFC Courts said on Thursday.

World News6 hours ago

Turkey should commit to sound economic policies to promote stability and reduce imbalances at a time of market volatility, an IMF spokesperson said on Wednesday as a row between Washington and Ankara over the jailing of an American pastor dragged on.

World News11 hours ago

Saudi security forces neutralized a man who was wearing what looked like an explosive vest in the city of Al-Bukayriyah and wounded him in an exchange of gunfire, an Interior Ministry spokesman said in a statement early on Thursday.

Politics11 hours ago

U.S. President Donald Trump walks across the South Lawn after arriving in Marine One from a recent trip to New York at the White House in Washington, U.S., August 13, 2018. REUTERS/Leah Millis

U.S. senators agreed on Wednesday to debate and vote in the next few days on more than $850 billion in spending on defense, labor and healthcare programs, as the Trump administration announced its objections to some parts of the bill.

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