Middle East News Today

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Middle East News Today

Oct 10 2014, 09:14am GMT


BBC - Oil prices drop to four-year low

Oil and share prices fell further in early European trade as fears deepened over prospects for the global economy.

BBC- Yemen: Suicide blasts kill dozens in Sanaa and Hadramawt

At least 47 people have been killed in a suicide bomb attack on supporters of a Shia rebel group in the centre of Yemen's capital, Sanaa, reports say.

CNN - Despite public pressure, Turkey says it won't go it alone on ground against ISIS

Refusing to buckle to violent protests demanding more action, Turkey's foreign minister insisted Thursday his nation "is on Kobani's side" -- referring to the Syrian border town in imminent danger of falling to ISIS -- but still won't unilaterally send ground troops to save it.

Bloomberg - Iran Targets Turkey Gold Trader Over Oil Billions, Lawmaker Says

An Iranian investigation into $2.7 billion of missing oil funds has concluded that Turkey-based gold trader Riza Sarraf may know the whereabouts of the money, a lawmaker involved in the probe said.

Mubasher - GCC Q3 corporate earnings to rise 13.6% y/y - report

In its “GCC Equities-3Q14 Consensus Estimates” released yesterday, Investment Bank SICO forecasted GCC companies’ Q3 profits to increase by 13.6 % on a YoY basis and 1 % quarter-on-quarter, according to The Peninsula website.

Mubasher - Nakheel awards AED35mln contract to build Badrah Pavilion

UAE’s property developer Nakheel is adding another neighbourhood centre to its collection of retail projects with a new, 72,000 sq ft pavilion at its Badrah community in Dubai, according to Emirates 24/7.

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