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Asia Top News and Analysis Dubai

  • 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...

  • PARIS, Feb 14- France honoured 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 honoured 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...

  • DUBAI, United Arab Emirates— The developer of the world's tallest building says its profit rose to $1.43 billion last year as it saw a boost in property sales and opened a new opera house in its Dubai home. It also developed the massive nearby Dubai Mall and the Dubai Opera, which opened last year. It said last week that it would collect $332.4 million from its insurer...

  • DUBAI, Feb 14- Dubai's Road& Transport Authority said on Tuesday it has agreed to buy 200 electric vehicles from Tesla Inc, a day after the carmaker announced it would open its first Middle East office in Dubai. Tesla Founder Elon Musk and RTA Chairman Mattar Al Tayer signed the agreement to buy the cars on the sidelines of a summit in Dubai, the statement said.

  • DUBAI, Feb 14- Dubai- based building company Drake& Scull announced a turnaround and capital restructuring plan on Tuesday as it reported another quarterly loss, the latest sign of how a slowdown in the Gulf's construction industry is hurting contractors. As part of its capital restructuring plan, DSI said it was considering proposing a rights issue of 500...

  • *Germany backs Greece, wants it to remain in euro zone. BRUSSELS/ BERLIN, Feb 13- Germany on Monday voiced support for Greece to stay in the euro zone and the European Commission dispatched a senior official to Athens to persuade it to take on further reforms to salvage its bailout accord. The moves came as the European Commission forecast a large jump in economic...