Asia Top News and Analysis Dubai

  • *GFH Financial rockets in Dubai. *Masraf Al Rayan leads Qatar up. DUBAI, Jan 24- Saudi Arabia's stock market continued rebounding on Tuesday in a generally strong Gulf region, while a drop by shares in real estate firm Emaar Misr dragged down Egypt.

  • *James Hogan to leave group CEO post in second half. ABU DHABI/ FRANKFURT, Jan 24- The veteran chief executive of Abu Dhabi's Etihad Aviation Group will leave this year, the company announced on Tuesday, but said it remained committed to his strategy of extending the airline's through stakes in foreign airlines. Australian James Hogan, 60, who over the past 10 years...

  • *James Hogan to leave group CEO post in second half. ABU DHABI/ FRANKFURT, Jan 24- The veteran chief executive of Abu Dhabi's Etihad Aviation Group will leave this year, the company announced on Tuesday, but said it remained committed to his strategy of extending the airline's reach by taking stakes in foreign airlines. Australian James Hogan, 60, who over the past 10...

  • DUBAI, United Arab Emirates— Saudi Arabia is warning that a computer virus that destroyed systems of its state-run oil company in 2012 has returned to the kingdom, with at least one major petrochemical company apparently affected by its spread. Suspicion for the initial dispersal of the Shamoon virus in 2012 fell on Iran as it came after the Stuxnet cyberattack...

  • ABU DHABI, Jan 24- The veteran chief executive of Abu Dhabi's Etihad Aviation Group, which owns one of the Middle East's top airlines, will leave this year, but the carrier remains committed to a system of equity alliances that he developed, Etihad said on Tuesday. Australian James Hogan, 60, who over the past 10 years built Etihad into an aggressive competitor to...

  • DUBAI, United Arab Emirates— Etihad Airways said Tuesday that the CEO of its parent company, who led an aggressive multi-year buying spree that saw the Mideast carrier snap up stakes in airlines from Europe to Australia, is leaving. The Abu Dhabi- based airline gave no reason for James Hogan's departure other than to describe it as part of a transition process...

  • DUBAI, United Arab Emirates— Dubai International Airport would welcome a call from the Trump administration on ways to improve American airports, the CEO of the Mideast hub said on Tuesday as it retained the title of the world's busiest for international travel. Paul Griffiths said the Dubai airport, the home of long-haul carrier Emirates and often lauded by...

  • DUBAI, Jan 23- Emirates' announcement on Monday that it would start flying to the United States with a stop for passengers in Greece sparked a strong reaction from a lobby group representing U.S. competitors who accused it of competing unfairly through state subsidies. Emirates was "flagrantly violating" the air services agreement that allows it to fly to the...

  • *National Bank of Kuwait climbs as it reports strong Q4. *Egypt's index rebounds after slide on tax fears. DUBAI, Jan 23- Saudi Arabia outperformed other Gulf stock markets on Monday as several major stocks bounced after poor earnings earlier this week, while a bull run in Kuwait slowed and Egypt rebounded sharply from a slide triggered by tax fears.

  • DUBAI, United Arab Emirates— The Middle East's biggest airline is launching a new daily service between Dubai and Newark that will stop in the Greek capital, Athens. Emirates' new route announced Monday is its second to include a stopover in Europe, a move that could reinvigorate opposition to the Dubai government-backed carrier's growing operations in the U.S.

  • Gulf carriers who spent years rapidly expanding into markets from South America to Africa are under pressure to adapt to weaker markets, overcapacity and a stronger dollar. The restructuring at Dubai- based Emirates involves moving employees into new positions that has seen staff both promoted and demoted, a spokeswoman said, adding that a "very small number"...

  • Dubai- based Emirates already operates four daily flights to John F. Kennedy International Airport in New York, including one with a stop off in Milan. "We look forward to briefing President-elect Donald Trump and his new administration on the massive, unfair subsidies that the UAE and Qatar give to their state-owned Gulf carriers," said Jill Zuckman, chief...

  • Dubai- based Emirates already operates four daily flights to John F. Kennedy International Airport in New York, with a stop off in Milan. "We look forward to briefing President-elect Donald Trump and his new administration on the massive, unfair subsidies that the UAE and Qatar give to their state-owned Gulf carriers," said Jill Zuckman, chief spokesperson for the...

  • *Kuwait index posts biggest rise in over two years. DUBAI, Jan 22- Share prices in Kuwait jumped in very heavy trade on Sunday, the top performing market in a strong Gulf region, while tax fears continued to weigh on prices in Egypt. The narrower Kuwait 15 index of blue chips is up 9.6 percent.

  • DUBAI, United Arab Emirates— New fire safety rules have come to Dubai after a series of skyscraper fires that marred its futuristic skyline, but authorities offered few details Sunday about how they'll force owners to replace flammable siding with better material. Most of the fires have been fueled by paneling on the sides of many buildings in Dubai, known as...

  • SANTIAGO, Jan 19- Middle Eastern private equity investor Abraaj Group has bought a majority stake in Chile's private home furnishings retailer Casaideas in its first foray into the country, Abraaj said on Thursday. Casaideas runs more than 50 stores in South America, including 33 in Chile and 16 in Peru. Abraaj has made a number of investments in other countries...

  • *Sources say Egypt may introduce stamp duty. DUBAI, Jan 19- Egypt's blue-chip stock index tumbled on Thursday after Reuters reported that authorities were considering temporarily reintroducing a stamp duty on stock market transactions, while Saudi Arabia was supported by quarterly corporate earnings. Local traders were heavy net sellers after a Finance...

  • LAUNCESTON, Australia, Jan 19- One of the consequences of the cuts to crude oil supply by OPEC and its allies has been the sharp narrowing of the premium that light crude commands over heavier grades. The Brent- Dubai exchange for swaps, which tracks the difference between Brent, global benchmark for light crude, and Dubai, main price marker for heavier oil in the...

  • LAUNCESTON, Australia, Jan 19- One of the consequences of the cuts to crude oil supply by OPEC and its allies has been the sharp narrowing of the premium that light crude commands over heavier grades. The Brent- Dubai exchange for swaps, which tracks the difference between Brent, global benchmark for light crude, and Dubai, main price marker for heavier oil in the...

  • NEW YORK— Donald Trump has vowed his company will do "no new foreign deals" while he is president. Richard Painter, who served as chief ethics lawyer for President George W. Bush, said there are so many pending issues before local governments at each stage of a real estate project, it's like a new deal every time. The Scottish expansion is especially worrisome, Painter...