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Middle East

Chipotle to open restaurants in Middle East through first franchise deal

BY Reuters  • July 18, 2023July 18, 2023
(Reuters) – Chipotle Mexican Grill will enter the Middle East next year through its first franchise deal that will see the American chain open restaurants that sell burritos and tacos in Dubai a[...]
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Business Middle East US

Ghosn says Nissan, Renault are going for mini alliance with rebalancing deal

BY Reuters  • July 18, 2023July 18, 2023
TOKYO (Reuters) – Former Nissan Motor chairman Carlos Ghosn said on Tuesday the Japanese automaker and Renault are trying to go for “very small and reduced” cooperation between them[...]
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Asia Business Economy Europe Middle East

BlackRock names Aramco boss to board

BY Reuters  • July 18, 2023July 18, 2023
By Natalie Grover LONDON (Reuters) – The world’s top asset manager BlackRock has named Amin Nasser, the chief of the world’s largest oil company Saudi Aramco, as an independent direc[...]
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Business Environment Middle East Updated US

Oil dips over 1.5% on demand fears after weak Chinese data

BY Reuters  • July 17, 2023July 17, 2023
By Arathy Somasekhar HOUSTON (Reuters) -Oil dropped by more than 1.5% on Monday after weaker than expected Chinese economic growth raised doubts over the strength of demand in the world’s second[...]
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Business Economy Europe Middle East UK Updated US

Oil prices fall on profit-taking, still record weekly gain

BY Reuters  • July 14, 2023July 14, 2023
(Corrects Brent price unit in second paragraph to ‘per barrel’) By Shariq Khan BENGALURU (Reuters) – Oil prices fell more than a dollar a barrel on Friday as the dollar strengthened[...]
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Business Economy Europe Middle East UK Updated US

Oil settles up 2% at 10-week high on weaker US dollar, rising demand forecasts

BY Reuters  • July 11, 2023July 11, 2023
By Scott DiSavino NEW YORK (Reuters) -Oil prices jumped on Tuesday, settling up about 2%, boosted by a falling U.S. dollar, hopes for higher demand in the developing world and supply cuts by the world[...]
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Business Economy Europe Middle East UK Updated US

Casino operator Melco eyes new markets with Cyprus resort launch

BY Reuters  • July 11, 2023July 11, 2023
LIMASSOL, Cyprus (Reuters) – Asian casino operator Melco Resorts & Entertainment has launched an entertainment and gaming complex in Cyprus, marking its first foray into Europe as it seeks t[...]
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Asia Business Europe Middle East

Oil dips 1% on US interest rate fears but OPEC+ cuts limit fall

BY Reuters  • July 10, 2023July 10, 2023
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices eased 1% on Monday on the increasing likelihood of more U.S. interest rate hikes, but crude supply cuts from top oil exporters Saudi Arabia and Russi[...]
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Business Economy Europe Middle East UK Updated US

Countries repatriating gold in wake of sanctions against Russia – study

BY Reuters  • July 10, 2023July 10, 2023
By Marc Jones LONDON (Reuters) – An increasing number of countries are repatriating gold reserves as protection against the sort of sanctions imposed by the West on Russia, according to an Inves[...]
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