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Asia Top News and Analysis Dubai

  • *HKEX hopes to leverage deep-pocketed China investors to woo Riyadh. HONG KONG, Feb 27- Hong Kong's stock exchange will bank on its role as a gateway to mainland China's deep-pocketed investors to take on other leading venues and win the coveted $100 billion listing of Saudi Arabia's giant state oil company, Aramco, it said on Monday. Charles Li, the CEO of Hong Kong...

  • *Month-long tour includes Indonesia, China, Japan and others. KUALA LUMPUR/ DUBAI, Feb 26- Malaysia welcomed Saudi Arabia's King Salman on Sunday for the start of a rare, month-long Asian tour, where the monarch will build ties and seek to draw more investments to the oil-rich gulf nation. King Salman also plans to visit Indonesia, Brunei, Japan, China, the Maldives and...

  • VANCOUVER, British Columbia— The furies unleashed by Donald Trump's rise to the U.S. presidency are shaking Vancouver, where a gleaming new Trump International Hotel and Tower is about to open. The 69- story building designed by one of Canada's most renowned architects has drawn praise for its sleek, twisting design. Joo Kim Tiah, who like the U.S. president is the...

  • *Many Saudis support oil firm Aramco's share offer. KHOBAR, Saudi Arabia/ DUBAI, Feb 24- Jamil Farsi, a prominent Saudi Arabian jewelry tycoon, made an impassioned plea to the investment minister at a meeting of the Jeddah Chamber of Commerce this month. Investment minister Majed al-Qasabi replied the economy would benefit from the sale of shares in national oil...

  • *Listing of Aramco could raise up to $100 billion. Industrial and Commercial Bank of China International Holdings, a wholly-owned Hong Kong- based subsidiary of Industrial and Commercial Bank of China, and China International Capital Corporation are among the Chinese banks pitching for the deal, two other sources familiar with the matter said.

  • *Listing of Aramco could raise up to $100 billion. The U.S. banks have joined boutique investment bank Moelis& Co in being tapped for coveted roles in what is expected to be the world's biggest intial public offering worth some $100 billion. Up to 5 percent of the world's largest oil producer is likely to be listed on both the Saudi stock exchange in Riyadh and on one...

  • DUBAI, United Arab Emirates— Dubai's government says an arbitration tribunal has cleared port operator DP World of allegations of wrongdoing over its operation of an East African port. The government of Djibouti brought a legal challenge against Dubai's state-backed DP World in 2014 over its 50- year deal to operate the Doraleh Container Terminal, accusing...

  • DUBAI, United Arab Emirates— The United Arab Emirates' main state oil company has agreed to give CEFC China Energy a 4 percent stake in a major onshore oil project a day after awarding a minority stake to another Chinese company. The Abu Dhabi National Oil Company said Monday that CEFC is paying an entry fee of $888 million for the concession operated by the Abu...

  • Australia's Defence Industry Minister Christopher Pyne and Sheikh Mohammed, who is also Deputy Supreme Commander of the UAE Armed Forces, met on the sidelines of the biennial International Defence Exhibition and Conference in Abu Dhabi. The two agreed to consider a 10- year defence plan that could include more than 1 billion Australian dollars in sales to...

  • Australia's Defence Industry Minister Christopher Pyne and Sheikh Mohammed, who is also Deputy Supreme Commander of the UAE Armed Forces, met on the sidelines of the biennial International Defence Exhibition and Conference in Abu Dhabi. The two agreed to consider a 10- year defense plan that could include more than 1 billion Australian dollars in sales to...

  • DUBAI, United Arab Emirates— The United Arab Emirates' main state oil company has signed a deal giving China National Petroleum Company an 8 percent stake in a major onshore oil project. The Abu Dhabi National Oil Company says CNPC will pay an initial $1.77 billion for the concession operated by the Abu Dhabi Company for Onshore Petroleum Operations, also known...

  • DUBAI, United Arab Emirates— Saudi oil giant Saudi Aramco says one person has been killed and three others injured as a result of an oil pipeline leak in the east of the kingdom. The company said in a statement Sunday that an emergency response team managed to contain the leak Saturday in Abqaiq. It did not provide details on how the contractor was killed.

  • ABU DHABI, United Arab Emirates— Fighter jets screaming overhead and theatrical explosions marked the opening of an arms show Sunday in Abu Dhabi, as a bullet-scarred Emirati armored personnel carrier served as a reminder of the country's ongoing military campaign in Yemen. The Emirates announced over $1.2 billion in arms deals at the opening of the biennial...

  • DUBAI, Feb 18- Iran expects its oil production to reach 4 million barrels per day by mid-April, and plans to drill 500 new wells over the next five years to raise output to 4.7 million bpd, a senior oil official was quoted as saying on Saturday. This will be realized with a one-month delay, "said Ali Kardor, head of the state-run National Iranian Oil Company, quoted by the...

  • DUBAI, Feb 18- Iran expects its oil production to reach 4 million barrels per day by mid-April, a month later than planned, the head of the state-run National Iranian Oil Company was quoted as saying on Saturday. Iran said in January its daily output was close to 3.9 million barrels. Under a deal agreed to cut production by the Organization of the Petroleum Producing...

  • This is Dubai's new flying taxi

    Chinese drone maker EHang aims to replace taxis in Dubai this summer with autonomous passenger flying drones.

  • EHANG 184 drone

    Strap on your jetpack. The future is now, Curbed reports.

  • *Says Dubai crude supply tightened following OPEC output cuts. SEOUL, Feb 17- SK Energy has bought Russian Urals crude for the first time in 10 years, a spokeswoman for the parent company of South Korea's top refiner said on Friday. "Dubai crude supply is tight in Asia after the OPEC cut deal, making other crude outside the region more economical," she said, adding that...

  • PARIS, Feb 14- France honored the A380 superjumbo with a place in its national aerospace museum on Tuesday, granting it equal status with the Boeing 747 even as questions pile up over the future of the industry's biggest jets. The A380 test plane, the fourth to be built and the second to actually fly in 2005, flew to Le Bourget near Paris from Toulouse with 50...

  • PARIS, Feb 14- France honored the A380 superjumbo with a place in its national aerospace museum on Tuesday, granting it equal status with the Boeing 747 even as questions pile up over the future of the industry's biggest jets. The A380 test plane, the fourth to be built and the second to actually fly in 2005, flew to Le Bourget near Paris from Toulouse with 50...