IRAN: Plans to offer second phase of ‘ South Par’s #Oil Layer Project ‘ to foreigners the Islamic Deputy Oil Minster said -@AceFinanceNews

#AceFinanceNews – Sept.02: Iran to offer South Pars oil layer project to foreigners

Iran plans to offer second phase of South Pars #oil layer development project to foreigners, Ali Kardor, the Islamic Republic’s deputy oil minister, said…..

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MIDDLE EAST: Telecom operator Du has slashed its roaming rates for customers throughout the GCC countries during the Haj season – @AceFinanceNews

#AceFinanceNews – Sept.02: Du cuts roaming rates for GCC customers during Haj

Telecom operator Du has slashed its roaming rates for customers throughout the Gulf Cooperation Council countries during the Haj season….

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EGYPT: CBE: 37.5% of all external was lent by Saudi Arabia, Kuwait and the UAE with 51% external debt owed to seven countries – Report – @AceFinanceNews

#AceFinanceNews – Sept.02: 51% of Egypt’s external debt owed to seven countries: CBE

37.3% of Egypt’s external debt comes from the Arab countries, mainly Saudi Arabia, Kuwait, and the UAE.

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I would remind you that this blog is produced free for the public good and you are welcome to republish or re-use this article or any other material freely anywhere without requesting further permission.

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RECALL: Samsung will replace all Galaxy Note 7 smartphones equipped with fire-prone batteries and halt sales of the flagship product in 10 markets – Reuters – @AceFinanceNews

#AceFinanceNews – Sept.02: Samsung issues recall for Galaxy Note 7 after battery fires

Samsung Electronics Co Ltd will replace all Galaxy Note 7 smartphones equipped with fire-prone batteries and halt sales of the flagship product in 10 markets, a devastating blow for what had been a revival in the firm’s mobile business….

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MARKETS: US: Open as dollar falls and stocks stocks rise after weak U.S. jobs data Dow rises 100 points following jobs report miss; energy, utilities lead with #oil higher for Friday after Russia’s comment on production freeze – @AceFinanceNews

#AceFinanceNews – Sept.02: Dollar falls, stocks rise after weak U.S. jobs data as Dow rises 100 points following jobs report miss; energy, utilities lead

U.S. equities traded higher on Friday, with energy rising 1 percent, following a disappointing employment report.

http://www.cnbc.com/id/103911610

The dollar fell and stocks rose after U.S. jobs growth was weaker than expected in August, slashing prospects of a rate hike by the U.S. Federal Reserve this month.

Oil up but heads for biggest weekly loss in eight months

#Oil edged higher on Friday, supported by the previous session’s weakness in the U.S. dollar and Russian comments in favour of a production freeze, though contracts remained on track for the biggest weekly loss in nearly eight months.

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CHINA: Didi-Uber deal to be investigated by Commerce Ministry as they today launch antitrust probe after announcement in July for legalising by November – @AceFinanceNews

#AceFinanceNews – Sept.02: This is a follow up report on deal between Uber- Didi announced last month that is now being investigated by China’s commerce ministry – Bloomberg
https://acefinance.wordpress.com/2016/07/29/china-to-legalise-ride-hailing-apps-like-uber-and-didi-chuxing-in-november-after-announcing-new-guidelines-acefinancenews

China’s Commerce Ministry launches antitrust probe into Didi-Uber deal – Wall Street Journal

http://on.wsj.com/2bH6Kmt

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MARKETS: U.K: Stocks in Equities Rise for 1st Time in 4 Days, Trimming Weekly Decline – Bloomberg – @AceFinanceNews

#AceFinanceNews – Sept.02: U.K. Stocks Rise for 1st Time in 4 Days, Trimming Weekly Decline

A rebound in pharmaceutical companies lifted British equities for the first time this week….

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