A 36-story office tower in midtown Manhattan worth more than $500 million and six other properties will be sold to provide funds for terrorism-related judgments against the Iranian government under a settlement announced by the U.S.
Saudi Arabia boosted crude exports by 3.5 percent in February to the highest in five months, while Iran’s shipments gained and Iraq sold the most oil for at least 12 years, the Joint Organisations Data Initiative said.
The government of Saudi Arabia is trying to reassure its citizens that the most recent outbreak of a respiratory virus isn’t a cause for alarm following 16 new cases, including two deaths, reported in the last nine days.
Air Arabia, the only listed airline in the United Arab Emirates, will begin flights on May 6 from a new hub in the sheikdom of Ras Al Khaimah after local carrier RAK Airways suspended operations earlier this year.
Brent and West Texas Intermediate crudes rose to five-week highs as tension escalated between Ukraine and Russia, the world’s biggest energy exporter. Brent’s premium to WTI widened for the first time in seven days.