Asia Top News and Analysis Dubai

  • RIYADH, Saudi Arabia— Saudi Arabia's King Salman is reducing the salaries and benefits of senior officials and the Cabinet cut bonuses for public employees on Monday, as lower oil prices continue to pinch the kingdom's economy. The royal decree orders a 20 percent reduction in the salaries of ministers, among them the king's successors: Crown Prince and...

  • *CIB top gainer in Egypt, but overall market volumes low. DUBAI, Sept 26- Saudi banking shares rallied on Monday after the central bank said it would deposit about 20 billion riyals at commercial lenders and introduce two new money market instruments to fight a surge in market interest rates caused by low oil prices. Blue-chip lenders Samba Financial Group and...

  • DUBAI, United Arab Emirates— Dubai Airports is boosting the number of specialized facilities to handle Airbus A380 planes at the Middle East's busiest airport as hometown carrier Emirates grows its fleet of the double-decker aircraft. The government-backed airport operator said Monday it plans to add 10 more A380 gates with air bridges at Dubai...

  • *Algeria minister says won't come out of meeting "empty-handed". SINGAPORE, Sept 26- Crude prices rebounded on Monday after Algeria's energy minister said the day before that all options were possible for an oil output cut or freeze at this week's informal meeting of OPEC producers. Members of the Organization of the Petroleum Exporting Countries will meet on...

  • *Asian shares steady but near 14- month high. S&P enjoys biggest 2- day rally in 2 months. LONDON, Sept 23- Stock markets were on course for their biggest weekly gain in two months on Friday after a week of central bank meetings which left investors still unconvinced that U.S. policymakers intend to put an end to an era of ultra-low interest rates.

  • SINGAPORE, Sept 23- Oil prices fell on Friday, pulled down by a sell-off following two sessions of strong rises and on caution ahead of a gathering of OPEC ministers next week in Algeria to discuss possible production cooperation to rein in global oversupply. Matt Stanley, a fuel broker at Freight Investor Services in Dubai, said that there was a lot of uncertainty...

  • DUBAI, United Arab Emirates— Aviation giants Airbus and Boeing Co. have received permission from the U.S. government to sell aircraft to Iran, part of landmark deals potentially worth some $50 billion in total following last year's nuclear accord. The next administration, however, may change that equation for Airbus and Boeing, whose possible deal with Iran...

  • DUBAI, United Arab Emirates— Airbus on Wednesday became the first airplane manufacturer to receive U.S. government permission to sell aircraft to Iran following last year's nuclear accord, getting final approval for a 17- plane sale that's part of a larger $25- billion deal. The next administration, however, may change that equation for Airbus and Chicago-...

  • DUBAI, United Arab Emirates— Airbus says US government grants license allowing it to sell first 17 planes in landmark Iran deal.

  • DUBAI, United Arab Emirates— A businessman accused of stealing $1.5 billion while working in the United Arab Emirates could face extradition to the Gulf nation after being detained in neighboring Saudi Arabia. Khater Massaad at one point ran the sovereign wealth fund of the small Emirati sheikhdom of Ras al-Khaimah and had ties to the man who is now the...

  • *Norway oil worker strike risks hit to output. LONDON, Sept 21- Oil prices jumped 2 percent on Wednesday after a surprisingly large drop in U.S. crude inventories and as an oil services workers strike in Norway threatened to cut North Sea output. Brent crude futures were up 91 cents at $46.79 per barrel by 1113 GMT, while West Texas Intermediate crude futures rose by...

  • *Norway oil worker strike risks hit to output. LONDON, Sept 21- Oil prices jumped 2 percent on Wednesday after a surprisingly large drop in U.S. crude inventories and as an oil services workers strike in Norway threatened to cut North Sea output. Brent crude futures were up 90 cents at $46.78 per barrel by 0955 GMT, while West Texas Intermediate crude futures climbed...

  • *Norway oil worker strike risks hit to output. SINGAPORE, Sept 21- Oil prices jumped over 1 percent on Wednesday, pushed by a reported draw in U.S. crude inventories and an oil service worker strike in Norway which may impact output. West Texas Intermediate crude futures were up 1.93 percent, or 85 cents, at $44.90 a barrel at 0644 GMT.

  • *Norway oil worker strike hits output. SINGAPORE, Sept 21- Oil prices jumped over 1 percent on Wednesday, pushed by a reported draw in U.S. crude inventories and an oil service worker strike in Norway which hit output. West Texas Intermediate crude futures were up 1.93 percent, or 85 cents, at $44.90 a barrel at 0644 GMT.

  • DUBAI, United Arab Emirates— The Mideast's biggest airline, which touts luxuries like onboard showers and an extensive movie selection, is adding something a bit more down-to-earth for those in the back of the plane: charges to pick your own seat ahead of time. Dubai- based Emirates said on Tuesday that the new fees will apply to its two lowest fare categories of...

  • Sept 19- The following timeline charts the schedule for Quebec's pension fund, the Caisse de Depot et Placement du Quebec, to finance and oversee the construction of a new 67 kilometer public transit system in Montreal, the third largest automated transportation system in the world behind those in Dubai and Vancouver. JUNE 2015- Quebec's parliament authorizes...

  • Sept 19- The following timeline charts the schedule for Quebec's pension fund, the Caisse de Depot et Placement du Quebec, to finance and oversee the construction of a new 67 kilometer public transit system in Montreal, the third largest automated transportation system in the world behind those in Dubai and Vancouver. JUNE 2015- Quebec's parliament authorizes...

  • ORLANDO, Fla.— A vacation in Orlando is almost a rite of passage for some well-off Brazilians who often bring back suitcases filled with electronics and clothes that are cheaper in Florida than they are at home. But store manager Julio Martins has seen fewer of them this year at his Brazil Center Electronics store in the heart of Orlando's tourist district.

  • JetBlue

    A spat among airlines over which deserved the contract to fly U.S. government workers on certain routes intensified on Tuesday.

  • WASHINGTON, Sept 13- A spat among airlines over which deserved the contract to fly U.S. government workers on certain routes intensified on Tuesday, with the chief executive of JetBlue Airways Corp calling rivals hypocritical for protesting its award. The largest U.S. airlines have taken issue with a contract for federal employees to buy flights between New...