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  • Amazon clinches deal to buy Middle East online retailer Souq.com

    DUBAI (Reuters) -- Souq.com will expand its workforce and operations after Amazon clinched a deal to buy 100 percent of the Middle East online retailer, executives from both firms said.Amazon and Souq.com said earlier on Tuesday they had agreed on t

    March 29, 2017 09:30 am JST
  • China wants seeds of Israeli tech

    JERUSALEM -- As artificial intelligence, self-driving cars and big data analysis emerge as key technologies driving growth in the near future, Chinese companies are increasingly looking to Israel for a competitive edge.U.S. companies such as Google

    March 28, 2017 06:15 pm JST
  • Brazil meat scandal opens way for Aussie beef in China

    SYDNEY -- Brazil's tainted beef scandal looks to be almost over with China lifting its import ban, but a new meat agreement between China and Australia offers Australian beef exporters a chance to reclaim market share lost to the South American coun

    March 28, 2017 04:20 pm JST
  • Dubai shopping malls get bigger, blingier for Expo 2020

    DUBAI, United Arab Emirates -- Mall operators in Dubai are plowing ahead with ambitious expansion projects, aiming to maximize customer traffic when the emirate hosts Expo 2020. Market watchers, meanwhile, warn that industry players are racing towar

    March 27, 2017 03:00 pm JST
  • Crude seen rebounding above $50 under Saudi pressure

    TOKYO -- Crude oil prices may be on track to rebound above $50 per barrel, as key OPEC producer Saudi Arabia wields its market influence to pressure fellow members that have fallen short on their commitment to cut output.Crude futures stayed around

    March 25, 2017 05:30 am JST
  • Islamic State claims responsibility for British parliament attack

    CAIRO (Reuters) -- Islamic State was responsible for an attack outside Britain's parliament which left four people dead, the group's Amaq news agency said on Thursday."The perpetrator of the attacks yesterday in front of the British parliament in Lo

    March 23, 2017 11:15 pm JST
  • Trump prevails as the G-20 softens its language

    BADEN-BADEN, Germany Finance chiefs from the Group of 20 nations reaffirmed exchange rate commitments and vows to "refrain from competitive devaluations" at their mid-March meeting in Baden-Baden, Germany. Under pressure from the U.S., however, repr

    March 23, 2017 10:00 am JST
  • The king gives Saudi Arabia's reform push a helping hand

    TOKYO In his monthlong tour of Asia, Saudi Arabian King Salman bin Abdulaziz succeeded in drumming up significant support for "Vision 2030," the road map for reforming the kingdom's economy and ending its dependence on oil exports by the year 2030.

    March 23, 2017 10:00 am JST
  • Robert A. Manning: Saudi royal tour highlights Asia-Mideast economic nexus

    Saudi King Salman's monthlong tour of Asia highlights the growing economic nexus between the region and the Middle East. The trip had multiple aims that went well beyond oil: In addition to reinforcing religious, political and energy ties with Sunni

    March 23, 2017 10:00 am JST
  • Saudi Arabia cedes crown as top oil exporter in key markets

    TOKYO -- Saudi Arabia lost its spot as the biggest supplier of crude oil to China and India in 2016 as stiff price competition from Russia and Iraq cut into its market share.Saudi export volume to the top 10 markets reached 7.61 million barrels a da

    March 23, 2017 02:30 am JST
  • The king gives Saudi Arabia's reform push a helping hand

    TOKYO -- In his monthlong tour of Asia, Saudi Arabian King Salman bin Abdulaziz succeeded in drumming up significant support for "Vision 2030," the road map for reforming the kingdom's economy and ending its dependence on oil exports by the year 203

    March 22, 2017 07:20 pm JST
  • US laptop ban: What does it mean for travelers?

    TOKYO -- The U.S. government on Tuesday announced a new carry-on restriction of electronic devices for direct inbound flights from eight countries in the Middle East and North Africa. As the affected airports include the world's busiest internationa

    March 22, 2017 02:50 pm JST
  • Egypt eyes Asian investment for new Suez cargo terminal

    SUEZ, Egypt/SINGAPORE -- Egyptian authorities are seeking Asian investment for a new cargo terminal at Port Said at the Mediterranean end of the Suez Canal. They have been in talks with Singapore's PSA, but are considering possible offers from COSCO

    March 22, 2017 12:42 am JST
  • Vandana Hari

    OPEC keeps US shale guessing on cuts -- but the answer is clear

    Saudi Energy Minister Khalid al-Falih walked in the footsteps of his predecessor, Ali al-Naimi, at a prominent annual oil industry conference in Houston on March 7 to again deliver a warning to investors in the U.S. shale patch, albeit in a milder t

    March 20, 2017 07:00 pm JST
  • Japan Inc. signs on to Saudis' quest for diversified economy

    TOKYO -- The first visit to Japan by a Saudi king in 46 years this week led to Japanese companies signing memorandums of understanding on 20 projects, but it remains to be seen how many of those undertakings will actually blossom in the desert natio

    March 19, 2017 07:00 am JST
  • Robert A. Manning

    Saudi king's Asia visit is about much more than oil

    Saudi King Salman's monthlong tour of Asia highlights the growing economic nexus between the region and the Middle East. The trip has multiple aims that go well beyond oil: In addition to reinforcing religious, political and energy ties with Sunni I

    March 18, 2017 04:30 pm JST
  • Japan's energy future hinges on diplomatic prowess

    TOKYO -- After Japan's Economy, Trade and Industry Minister Hiroshige Seko met with Sultan Ahmed al Jaber, the United Arab Emirates' state minister and CEO of Abu Dhabi National Oil, in January in the emirate, he breathed a big sigh of relief. The U

    March 17, 2017 05:30 pm JST
  • Japan medical equipment makers look to Middle East

    TOKYO -- Japan's medical instrument and equipment makers are stepping up efforts in the Middle East, a region where their presence has been small but in which they see significant growth potential.Fujifilm will deliver over 200 units of its X-ray sy

    March 17, 2017 03:30 pm JST
  • Saudis sharpen Asian focus with $65bn China partnership

    DUBAI/BEIJING -- Saudi Arabia and China have inked $65 billion worth of deals and agreed to bolster security ties as the Middle Eastern kingdom scans Asia for partners to support an economic overhaul.Saudi King Salman met with Chinese President Xi J

    March 17, 2017 05:00 am JST
  • Japan Inc. agrees to explore opportunities in Saudi Arabia

    TOKYO -- Toyota Motor, JX Holdings and other major Japanese corporations signed on to a wide range of economic projects with Saudi partners on Tuesday, raising hopes of increased Japanese investment in the Middle Eastern kingdom.Saudi King Salman's

    March 15, 2017 02:30 am JST