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Asia Top News and Analysis Dubai

  • BENGALURU, July 21- Organisers of conferences and trade shows are benefiting from a shift in the way marketing budgets are allocated, with companies spending less on advertising and more on events that allow them to connect directly with customers. Research and advisory firm Outsell predicts corporate budgets for business-to-business events in the giant...

  • DUBAI/ DOHA, July 19- When is $300 billion not enough? That question is key to Qatar's future as some bankers and hedge funds speculate the super-rich state's vast financial reserves may not be liquid enough to defend its currency in the long term. Central bank governor Sheikh Abdullah bin Saud al-Thani said last week that Doha could employ about $340 billion of...

  • *Middle East rival to Uber launches in occupied West Bank. RAMALLAH, West Bank, July 18- Careem, a Middle Eastern rival to Uber, has become the first ride-hailing firm to operate in the Israeli-occupied West Bank. There is certainly a market for easier ride-hailing among the nearly 3 million Palestinians living in the West Bank, but the fact the mobile network is...

  • DUBAI, United Arab Emirates— One of Qatar's two telecommunications companies is struggling to bring its network online following a widespread outage. Vodafone competes against Ooredoo, formerly known as Qtel. The outage happened as Qatar remains locked in a dispute with four other Arab countries that have cut diplomatic ties and severed air, land and sea...

  • The Washington Post, quoting unnamed U.S. intelligence officials, reported Sunday that the UAE orchestrated the hacking and planted a false story that was used as a pretext for the crisis between Qatar and four Arab countries. The report said senior members of the Emirati government discussed the hacking plan a day before a story appeared on the official Qatar...

  • DUBAI, United Arab Emirates— Emirates, the Middle East's largest airline, and budget carrier flydubai have announced plans to more closely integrate their operations. The two airlines operate independently, but are owned by the same entity, the Investment Corporation of Dubai. Emirates Group and flydubai chairman, Sheikh Ahmed bin Saeed Al Maktoum, said Monday...

  • *UAE banks reluctant to take part for political reasons. DUBAI/ DOHA July 16- The refinancing of a $1 billion loan by Doha Festival City, a retail and hospitality complex in Qatar, has been indefinitely postponed as a diplomatic crisis deters regional banks from doing new Qatari business, bankers said. But Saudi Arabia, the UAE, Egypt and Bahrain cut diplomatic and...

  • DUBAI, United Arab Emirates— The Latest on developments in Qatar:. Jean-Yves Le Drian is the latest diplomat to visit the Gulf to try and help find a solution to the crisis between Qatar and Saudi Arabia, the United Arab Emirates, Bahrain and Egypt, which cut ties with the small Gulf nation in early June. The dispute between Qatar, on one side, and Saudi Arabia, the UAE,...

  • In early June, Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut ties with Qatar and moved to isolate the small, but wealthy Gulf nation, canceling air routes between their capitals and Qatar's and closing their airspace to Qatari flights. He was speaking to reporters in Qatar alongside Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman Al...

  • Secretary of State Rex Tillerson's shuttle diplomacy aimed at ending the Gulf crisis between Qatar and four other Arab nations.:. Secretary of State Rex Tillerson says Qatar and its Arab neighbors are closer to sitting down to talk with each other. Qatar and the four neighbors that cut ties aren't speaking, and no meeting has been announced.

  • *Qatar- Gulf row threatens petrodollar repatriation. The diplomatic spat-- in which a number of Gulf states cut links with Qatar over alleged support for terrorism, which Doha denies-- comes as U.S. and European central banks are already fueling a rise in global borrowing costs by preparing to unwind years of super-easy credit. Qatar has already battled to steady...

  • *Qatar- Gulf row threatens petrodollar repatriation. The diplomatic spat-- in which a number of Gulf states cut links with Qatar over alleged support for terrorism, which Doha denies-- comes as U.S. and European central banks are already fuelling a rise in global borrowing costs by preparing to unwind years of super-easy credit. Qatar has already battled to steady...

  • *Qatar Airways wants to buy up to 10 pct stake in American. July 13- Qatar Airways said it will go ahead with plans to buy a stake in American Airlines Inc even though the U.S. carrier is ending their code-share agreement. American announced on Wednesday that it was cancelling code-share agreements with Qatar Airways and Etihad Airways as "an extension of our stance...

  • DUBAI, United Arab Emirates— The U.S.' s top diplomat was expected to travel back to Qatar on Thursday for more talks with the country's 37- year-old emir, a day after wrapping up discussions with the king of Saudi Arabia and other officials from Arab countries lined up against Qatar. Saudi Arabia, the United Arab Emirates, Egypt and Bahrain severed relations with...

  • July 12- American Airlines Inc said on Wednesday that state-owned Qatar Airways has revised its antitrust filing with U.S. regulators seeking clearance to buy up to a 10 percent stake in the U.S. carrier, but there were no details provided on the new filing. Separately, American said it is ending code-share agreements with both Qatar Airways and Abu Dhabi's...

  • DOHA, July 12- State-run Qatargas, the world's largest producer of liquefied natural gas, has asked its suppliers to set up local operations in Qatar in an apparent bid to shield the Gulf state from further economic sanctions threatened by its neighbours. Saudi Arabia, Bahrain, the United Arab Emirates and Egypt cut diplomatic ties and severed transport links...

  • *United Electronics down on profit-taking. DUBAI, July 12- Stock markets in the Middle East rose on Wednesday, bolstered by banking shares ahead of testimony from Federal Reserve Chair Janet Yellen that could offer clues on when the central bank will tighten U.S. monetary policy. Most Gulf currencies are pegged to the dollar and any monetary policy change in the...

  • Pedestrians walk past street art in Dubai, United Arab Emirates.

    The Qatar standoff is going to take a toll on Dubai's economy, which was already on "thin ice," says Breakingviews' Andy Critchlow.

  • *Qatar- Gulf row threatens petrodollar repatriation. Qatar has already battled to steady the riyal's fixed exchange rate to the dollar; investors now fear a prolonged crisis could spread to pegs in Saudi Arabia, Kuwait, United Arab Emirates, Bahrain and Oman. Gulf governments are adamant they will hold the pegs and with collective sovereign assets approaching...

  • *Qatar- Gulf row threatens petrodollar repatriation. Qatar has already battled to steady the riyal's fixed exchange rate to the dollar; investors now fear a prolonged crisis could spread to pegs in Saudi Arabia, Kuwait, United Arab Emirates, Bahrain and Oman. Gulf governments are adamant they will hold the pegs and with collective sovereign assets approaching...