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Wednesday, 15 June 2016

Iran reaches deal to buy Boeings | GulfNews.com

Iran reaches deal to buy Boeings | GulfNews.com:

"Iran said it had reached an agreement with Boeing Co for the supply of jetliners on Tuesday, reopening the country's skies to new US aircraft for the first time in decades under an international deal to ease sanctions.

Details of the agreement were left vague, but Western and Middle East sources said that once approved, it would involve flag carrier Iranair acquiring more than 100 Boeing jets, both directly from Boeing and from leasing companies.

"In coming days details of the deal with this company will be announced," Roads and Urban Development Minister Abbas Akhoundi said, according to the semi-official Mehr news agency."



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Iran files complaint with ICJ to recover $2 billion frozen in U.S. | Reuters

Iran files complaint with ICJ to recover $2 billion frozen in U.S. | Reuters:

"Iran has filed a formal complaint with the International Court of Justice to recover nearly $2 billion in assets frozen in the United States, Iranian President Hassan Rouhani said on Wednesday.

The U.S. Supreme Court ruled in April that the assets must be turned over to American families of people killed in the 1983 bombing of a U.S. Marine Corps barracks in Beirut and other attacks blamed on Iran.

The Iranian complaint was filed on Tuesday, Rouhani said at an "iftar" evening gathering in Tehran to break the Islamic Ramadan fast, according to the website of Iranian state television. "



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Saudi Arabia’s Algosaibi CFO Jones Said to Leave Amid Debt Talks - Bloomberg

Saudi Arabia’s Algosaibi CFO Jones Said to Leave Amid Debt Talks - Bloomberg:

"Ahmad Hamad Algosaibi & Brothers Co. Chief Financial Officer Ben Jones left the Saudi Arabian company as it seeks to resolve debt talks with banks after the Middle East’s biggest default, according to a person with knowledge of the matter.
Jones is exploring other options, said the person, asking not to be identified because the matter is private. Algosaibi hired Jones and Simon Charlton as chief executive officer from Deloitte LLP in June 2013 as the company reopened negotiations with creditors to restructure about $6 billion of debt. Jones wasn’t immediately able to comment when contacted."



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MIDEAST STOCKS-Saudi drops after MSCI disappointment; Egypt sinks | Reuters

MIDEAST STOCKS-Saudi drops after MSCI disappointment; Egypt sinks | Reuters:

"Saudi Arabia's stock market led falls in the Gulf on Wednesday after MSCI decided not to consider the country for emerging market status, while Egypt fell sharply as blue chip Orascom Telecom Media continued sliding.

In its annual classification review, MSCI praised market reforms announced by Saudi authorities but did not set a date for a review that could place the country in its emerging market index. It said that once implemented by mid-2017, the reforms would "bring the Saudi equity market closer" to inclusion.

This appeared to suggest that the Saudi market was unlikely to be included before mid-2018 at the earliest. In a research note, investment bank EFG-Hermes noted that if MSCI followed its standard time frame - which it does not always do - May 2019 would be the earliest possible inclusion date."



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