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  Bloomberg OPEC’s surprise deal to reduce crude production isn’t only supporting oil prices, it’s helping drive gains across commodities and the companies that produce them. The Bloomberg Commodity Index, a measure of returns from 22 raw materials, extended gains after the biggest jump in almost three weeks on Wednesday, when OPEC agreed to cut output for the first time ...

  Manama / Emirates Business Tenmou, Bahrain’s first ‘Business Angels’ organisation, in strategic partnership with the Economic Development Board (EDB) is preparing to host the third Middle East North Africa (MENA) Angel Investors Summit at the Ritz Carlton Hotel , Bahrain on November 22-23. More than 40 start-ups are expected to attend the event. The Summit aims to provide a ...

  PARIS / Reuters PSA Peugeot Citroen said it plans to sell more than 150,000 Peugeot vehicles in Iran in the second half of this year as the French carmaker seeks to reclaim the leading position it once enjoyed in the country. Peugeot, the biggest-selling European automaker in pre-sanctions Iran, suspended sales in 2012 when an international boycott due to ...

  Bloomberg The race is on to get more consumers hooked on Amazon ahead of the holidays, and music is the latest lure. Amazon.com Inc. is working on a stand-alone music-streaming service and will release more details in the coming weeks, according to a person with knowledge of the matter. With a price tag reported to be about $5 a ...

  AFP Global automakers are showing off new electric vehicles at the Paris auto show as they look ahead to a world of tighter environmental standards on emissions. Volkswagen on Thursday displayed the I.D, a battery-powered compact it says will sell for about what a fully equipped Golf diesel does when a production version eventually goes on the market in ...

  AFP Although wave-generated power could meet a quarter of America’s energy needs, the technology lags other renewables such as wind and solar. But the U.S. Navy has established a test site in Hawaii, where power from floating devices travels a mile through undersea cables to Oahu’s power grid — the first wave-induced electricity online in the US. Some things ...

  Bloomberg Virtual reality is on the cusp of becoming mainstream, but one startup in Japan is betting the technology won’t really succeed unless it cracks one critical piece of the puzzle: human eyeballs. Fove Inc. is introducing the world’s first commercially available VR goggles equipped with tiny infrared cameras to follow eye movements. By tracking human irises, the gadget ...

  London / AFP Asian and European stock markets rallied on Thursday and energy-linked currencies advanced after OPEC’s shock deal to trim oil output. The announcement on Wednesday lit a fire temporarily under oil prices, sending petroleum-linked shares surging on Wall Street and later across Asian and European stock markets. Despite crude later falling back on doubts about the cartel ...

  Dubai / Reuters Saudi Arabia’s stock market rebounded in afternoon trade on Thursday on the back of petrochemical stocks, which rallied in response to OPEC’s production deal to restrain output and prop up oil prices. The main Saudi index dropped as much as 1.0 percent in early trade, continuing a slide triggered by this week’s announcement of austerity measures ...

  Mumbai / AFP Indian stock markets slumped almost two percent on Thursday after the army said it had conducted “surgical strikes” along the de-facto border with archrival Pakistan in Kashmir. The Bombay Stock Exchange slid 534.70 points, or 1.84 percent, to 27,770.32 in afternoon trade after India said it had carried out the strikes to thwart attacks on some ...