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  Bloomberg Goldman Sachs Group Inc. raised its oil-price forecast for early next year, while Russia, Iran and Iraq separately signaled optimism that producer nations will be able to reach a deal to limit output at OPEC’s next meeting on November 30. Goldman is now “tactically bullish” on the likelihood of an OPEC agreement and expects oil prices in New ...

  Bloomberg How do airlines make money? You might be tempted to answer, “by selling plane tickets.” But it’s rarely as simple as that. Take AirAsia Bhd., the Malaysian budget carrier that reported third-quarter results on Thursday. It’s become so dominant in Southeast Asia that rivals have started ganging up on it. Yet you have to go back as far ...

  Dubai / Emirates Business British Airways launched its new British Airways BOTler, a personal Facebook Messenger BOT that serves customers with a ‘best of the best’ guide to travelling to London this winter. In highlighting numerous reasons to visit the UK capital this winter season, the British Airways BOTler will offer live updates on exclusive deals and personalised recommendations ...

  London / AFP British supermarket Iceland hit back at Iceland the country after Reykjavik said it was suing the retailer over use of the Nordic nation’s name. The frosty response came after the government of Iceland complained Thursday that the British supermarket had “aggressively pursued and won multiple cases against Icelandic companies” that use the word “Iceland” as part ...

  Dubai / Emirates Business Home Centre’s flagship store at Mall of the Emirates (MOE) is receiving a mega makeover to reflect the brand’s vision for the future, meticulously integrating customer feedback as evidenced in a UAE-wide in-depth research conducted by the largest home retailer in the Middle East. The store is set to open doors on December 8 with ...

  Moscow / AFP With its oil output at record levels and state coffers running low, Russia has little to lose and much to gain from agreeing a deal with the OPEC cartel on limiting production. Ahead of an OPEC meeting set for November 30 in Vienna, Moscow — which is not a member of the Organization of the Petroleum ...

  Tehran / AFP Algeria has proposed that OPEC members cut 1.1 million barrels of daily oil production to boost prices, Iran’s Shana news agency reported on Sunday. Members of the Organization of the Petroleum Exporting Countries are due to meet on Wednesday in Vienna to discuss capping production. At an informal meeting in Algiers in September, the 14 members ...

  TRIPOLI / AFP Libya’s National Oil Corporation (NOC) said on Sunday it would not take part in any OPEC production cuts for the “foreseeable future” as the North African country tries to bring crude output back towards pre-conflict levels. “Libya is in such a dangerous economic situation, there is no way it can participate in OPEC production cuts for ...

  Bloomberg OPEC is embarking on a last-ditch diplomatic push to reach an agreement for an oil production cut, with the oil ministers of Algeria and Venezuela heading to Russia to get the group’s biggest rival on board. The Organization of Petroleum Exporting Countries will meet on Nov. 30 in Vienna to finalize the terms of its first production cut ...

  Bloomberg Electric avenues that can transmit the sun’s energy onto power grids may be coming to a city near you. A subsidiary of Bouygues SA has designed rugged solar panels, capable of withstand the weight of an 18-wheeler truck, that they’re now building into road surfaces. After nearly five years of research and laboratory tests, they’re constructing 100 outdoor ...