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Asia Top News and Analysis Dubai

  • DUBAI, United Arab Emirates— Apparently not content with having the world's tallest building, an indoor ski slope and countless other baubles, Dubai now boasts one more: its own typographic font. The forward-looking Mideast business hub unveiled the new font designed with Microsoft's help on Sunday. Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al...

  • DUBAI, April 30- Higher petrochemical share prices helped lift the Saudi Arabian bourse index on Sunday after strong first-quarter earnings in the sector, but other regional market indexes sagged in thin trade. Analysts at NCB Capital had forecast a profit of 121 million riyals, while Aljazira Capital had expected 69.5 million riyals. We believe the variance...

  • LONDON, April 27- Coffee and sandwich chain Pret A Manger wants to increase the number of Britons working in its UK shops to cushion it from potential damage if European Union workers stay away after Brexit, its boss said on Thursday. The status of citizens from other EU countries living in Britain has been clouded by last June's Brexit vote with the UK government...

  • *Dubai, Qatar slip to multi month low. *Abu Dhabi weighed down by blue chips. DUBAI, April 27- Shares in two Saudi banks that are in early merger talks moved in opposite directions on Thursday while other regional markets ended the week down as investors had little fresh company earnings and news to reallocate their funds or build positions.

  • LONDON, April 27- Coffee and sandwich chain Pret A Manger wants to increase the number of Britons working in its UK shops to cushion it from potential damage if European Union workers stay away after Brexit, its boss said on Thursday. The status of citizens from other EU countries living in Britain has been clouded by last June's Brexit vote with the UK government...

  • *To start pilot listings of foreign firms as soon as 2017. *Wants to become regional center for equity issuance. RIYADH, April 27- Saudi Arabia aims to start listing foreign companies on its stock market as soon as this year as it seeks to become a regional center for equity issuance, said Mohammed Abdullah Elkuwaiz, vice-chairman of the Capital Market Authority.

  • LONDON, April 27- British coffee and sandwich chain Pret A Manger said on Thursday it was on track to grow its global store estate to 500 in 2017 as it reported an 11 percent rise in core earnings. In the United States sales exceeded $200 million for the first time. Pret opened 50 new shops in 2016, taking the total to 444, and now trades from six countries- the UK, U.S.,...

  • SYDNEY, April 27- Australian national carrier Qantas Airways Ltd on Thursday said it would axe its Melbourne- Dubai- London flights operated in partnership with Emirates and switch the capacity to Asia when it launches non-stop Perth- London flights next year. Qantas Chief Executive Alan Joyce has said his airline could be operating non-stop flights from...

  • CPPIB began buying farmland in North America in 2012 and has since purchased about 120,000 acres in the United States and a similar amount in Canada. The country's biggest public pension fund purchased 115,000 acres of Saskatchewan farmland from Assiniboia Farmland LP in 2013 for C $128 million and had intended to invest another C $500 million in Canadian...

  • DUBAI, April 26- Malaysia Airlines has offered to lease Airbus A330 jets from Alitalia if the struggling Italian airline is wound up, the Asian carrier's chief executive said on Wednesday. Malaysia Airlines could take between six and eight Airbus A330s from Alitalia, CEO Peter Bellew told Reuters in Dubai. Malaysia Airlines is emerging from a turnaround after...

  • DUBAI, April 26- Malaysia Airlines has offered to lease Airbus A330 jets from Alitalia if the struggling Italian airline is wound up, the Asian carrier's chief executive said on Wednesday. Malaysia Airlines could take between six and eight Airbus A330s from Alitalia, CEO Peter Bellew told Reuters in in Dubai. Malaysia Airlines is emerging from a turnaround...

  • DUBAI, April 26- Two Saudi banks soared on Wednesday after saying they were in initial stages of a merger, helping lift the mood in other lenders while first quarter financial results buoyed the shares of two blue chips in other Gulf countries. On Wednesday Saudi's Alawwal Bank agreed to start talks with Saudi British Bank about a tie-up that could create the...

  • DUBAI, April 26- Malaysia Airlines has offered to lease Airbus A330 jets from Alitalia if the struggling Italian airline is wound up, the Asian carrier's chief executive told Reuters on Wednesday. Malaysia Airlines could take between six and eight Airbus A330s from Alitalia, CEO Peter Bellew said in an interview in Dubai. Malaysia Airlines is emerging from a...

  • DUBAI, United Arab Emirates— A government oil company in the United Arab Emirates says it has opened the country's first solar-powered gas station in Dubai. The Dubai- owned Emirates National Oil Company said on Wednesday the service station on the city's main Sheikh Zayed Road thoroughfare is covered with solar panels that can generate up to 120 kilowatt...

  • The sheikhdom is hosting a cybersecurity conference this week and at it, a Dubai official involved in protecting the emirate from hacking and other electronic maliciousness offered a rare interview Wednesday describing its efforts. "It's relentless," said Amer Sharaf, the director of compliance at the Dubai Electronic Security Center.

  • DUBAI, April 26- The volume of international bond issues from the Gulf may hit a record high for a second straight year in 2017 as lower oil prices crimp the capacity of banks to finance billions of dollars of investments and state budget deficits. Issuance data shows the six-nation Gulf Cooperation Council's bond market is on track to become more important than...

  • NEW YORK— Uber is taking to the skies with its next project— "flying cars"— even as all eyes are on its problems on the ground. The company says its partners in this Elevate initiative include real estate companies, aircraft manufacturers, electric vehicle charger makers and cities such as Dubai and Dallas-Fort Worth, Texas. Jeff Holden, Uber's chief product officer,...

  • DUBAI, April 25- Emirates signaled on Tuesday that its U.S. expansion plans were on hold until demand recovers from a slowdown that the airline has blamed on President Donald Trump's travel restrictions. The Dubai- based carrier announced last week it would reduce flights to five U.S. cities from May following a "significant deterioration" in demand.

  • DUBAI, United Arab Emirates— The chairman and CEO of Dubai's long-haul carrier Emirates said Tuesday he "can't dig into somebody's mind" to understand why the U.S. instituted a ban on laptops and other personal electronics in carry-on luggage from 10 cities in Muslim-majority countries. Sheikh Ahmed's careful phrasing mirrored that of his rival, Qatar Airways...

  • *Shuaa Capital down despite swinging to Q1 profit. DUBAI, April 25- Stock markets in the Gulf most exposed to foreign trade held their ground on Tuesday, with Dubai and Qatar showing resilience in the face of disappointing results from blue-chip companies. In Dubai, shares of Emirates Integrated Telecommunications lost 3 percent after reporting a net profit of...