Sunday 1 May 2016
 
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Iran boosts oil output, foreign firms keen to seal deals

Iran ordered a sharp increase in oil output on Monday to take immediate advantage of the lifting of international sanctions, and some foreign firms raced to snap up deals as Tehran emerges from years of international isolation. Ot

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Iran boosts oil output, foreign firms keen to seal deals

Iran ordered a sharp increase in oil output on Monday to take immediate advantage of the lifting of international sanctions, and some foreign firms raced to snap up deals as Tehran emerges from years of international isolation. Ot

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Iran invites foreign firms to develop its oil industry

Iran is inviting foreign investors to actively develop the Opec member's energy industry after implementation of a historic nuclear deal reached between Iran and six global powers, deputy Oil Minister Rokneddin Javadi told Reuters on Thursda

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Iran automotive market 'on edge to take off'

Iran automotive market is set for a major boost as customers wait for foreign manufacturers to launch operations in about six months’ time when the country will be  business-ready following the deal with world powers, a report said.

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Iran on the cusp of big boost in automotive market

Iran automotive market is set for a major boost as customers wait for foreign manufacturers to launch operations in about six months’ time when the country will be  business-ready following the deal with world powers, a report said.

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Foreign firms cautious as Saudi opens up bourse

The opening of Saudi Arabia's bourse to direct foreign investment may create billions of dollars of business but international banks and fund managers are cautious about expanding their operations in the kingdom. Regulatory ob

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Egypt to repay foreign energy firms

HSBC, National Bank of Egypt and National Bank of Abu Dhabi will arrange a $1.5 billion syndicated loan to Egypt's state oil company in order for the country to pay back foreign energy companies, a statement from the banks said.

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Egypt's debt to foreign oil firms up at $5.9bn

Egypt's debt to foreign oil companies operating in the Arab country was $5.9 billion by the end of April, the head of the state-run oil company said in remarks published on Wednesday. Money owed to foreign oil majors including

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Egypt in gas price talks with foreign firms

Egypt is still in talks with foreign energy companies to change the amount the government pays them for natural gas produced in the country and there is no timeline for when negotiations will finish, an oil ministry spokesman said.

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Iraqi banking sector ‘needs restructuring’

Iraqi banks might offer huge growth opportunities in the future for investors willing to take some risks but the industry needs to consolidate first and change its business model, analysts and investors said. With violence ebbing from the

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