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Asia Top News and Analysis Dubai

  • KHOBAR/ DUBAI, March 28- Citigroup has formally applied for a licence to conduct capital markets business in Saudi Arabia, two sources familiar with the matter said, in a major move to return to the country after a roughly thirteen year absence. The application has been made with Saudi Arabia's Capital Market Authority, whose primary role is to regulate and...

  • DUBAI, March 28- Amazom.com has agreed to acquire Middle East online retailer Souq.com,, the two companies said in a joint statement on Tuesday. "By becoming part of the Amazon family, we'll be able to vastly expand our delivery capabilities and customer selection much faster, as well as continue Amazon's great track record of empowering sellers," said Souq.com' s...

  • *Dubai's Emaar Malls said it bid $800 mln for Souq.com. DUBAI, March 28- Middle Eastern online retailer Souq.com will make an announcement later on Tuesday about Amazon.com Inc's bid to buy 100 percent of the company from its shareholders, two sources familiar with the matter told Reuters. Dubai's Emaar Malls, operator of some of the region's most glitzy shopping...

  • DUBAI, March 28- Middle Eastern online retailer Souq.com will make an announcement later on Tuesday about Amazon.com Inc's bid to buy 100 percent of the company from its shareholders, two sources familiar with the deal told Reuters. One of the sources, declining to be identified ahead of the announcement, said the statement would say that Souq.com' s...

  • LONDON/ PARIS, March 28- EU farmers are ramping up production of sugar beet this year when they will be freed at last to grow as much as they want and sell it globally, after a decade of strict output quotas and export limits. Farmers have started drilling the first post-quota crop this month in several EU member states, including top EU producer France where planting...

  • DUBAI, March 27- Dubai- based investment bank Arqaam Capital is launching a globally focused hedge fund, it said on Monday, becoming one of only a handful of local firms to offer such a product. Although Dubai has been growing rapidly as a banking centre, the local fund management industry has largely confined itself to traditional equity and fixed income funds...

  • DUBAI, March 27- Dubai's Emaar Malls, operator of glitzy Middle East shopping centers, has made an $800 million offer for regional online retailer Souq.com, setting up a potential bidding war with Amazon.com. Emaar Malls bid has so far not been accepted by Souq.com shareholders, the Dubai- listed firm said in a stock exchange announcement on Monday.

  • NEW YORK, March 27- Waiting until you are retired to travel to all your bucket list destinations? That is what helped spur Valerie Jalufka into action. She has also gone on safari in Tanzania, and visited everywhere from Tasmania to Tierra del Fuego, often with the tour operator Abercrombie& Kent.

  • NEW YORK, March 27- Waiting until you are retired to travel to all your bucket list destinations? That is what helped spur Valerie Jalufka into action. She has also gone on safari in Tanzania, and visited everywhere from Tasmania to Tierra del Fuego, often with the tour operator Abercrombie& Kent.

  • NEW YORK, March 27- Waiting until you are retired to travel to all your bucket list destinations? That is what helped spur Valerie Jalufka into action. She has also gone on safari in Tanzania, and visited everywhere from Tasmania to Tierra del Fuego, often with the tour operator Abercrombie& Kent.

  • NEW YORK, March 27- Waiting until you are retired to travel to all your bucket list destinations? That is what helped spur Valerie Jalufka into action. She has also gone on safari in Tanzania, and visited everywhere from Tasmania to Tierra del Fuego, often with the tour operator Abercrombie& Kent.

  • NEW YORK, March 27- Waiting until you are retired to travel to all your bucket list destinations? That is what helped spur Valerie Jalufka into action. She has also gone on safari in Tanzania, and visited everywhere from Tasmania to Tierra del Fuego, often with the tour operator Abercrombie& Kent.

  • NEW YORK, March 27- Waiting until you are retired to travel to all your bucket list destinations? That is what helped spur Valerie Jalufka into action. She has also gone on safari in Tanzania, and visited everywhere from Tasmania to Tierra del Fuego, often with the tour operator Abercrombie& Kent.

  • *Congress pulls healthcare bill on Friday. March 27- Wall Street was set to open lower on Monday after the defeat of President Donald Trump's healthcare reform bill cast doubts over his ability to deliver on his agenda of tax cuts and simpler regulations. In a stunning setback, Congress controlled by Trump's Republican party pulled a bill to overhaul the...

  • DUBAI, March 27- Dubai's Emaar Malls, operator of glitzy Middle East shopping centers, has made an $800 million offer for regional online retailer Souq.com, setting up a potential bidding war with Amazon.com. Emaar Malls bid has so far not been accepted by Souq.com shareholders, the Dubai- listed firm said in a stock exchange announcement on Monday.

  • *A Congress controlled by Trump's Republican party on Friday pulled a bill to overhaul the Affordable Care Act or Obamacare, in a stunning setback for the President's first major legislative move since taking office. *Still, the drop in futures appeared to be kept in check on Trump's comment to turn his attention to getting "big tax cuts" through Congress.

  • DUBAI, March 27- Dubai's Emaar Malls, operator of glitzy Middle East shopping centres, has made an $800 million offer for regional online retailer Souq.com, setting up a potential bidding war with Amazon.com. The Emaar Malls bid is the latest move by Dubai billionaire Mohammed Alabbar who chairs Dubai's largest publicly listed developer Emaar Properties.

  • DUBAI, March 27- Dubai's Emaar Malls, operator of the Middle East's most glitzy shopping malls, has made an $800 million offer for Middle Eastern online retailer Souq.com, potentially setting up a bidding war with Amazon.com Inc.. Emaar Malls, operator of the Dubai Mall, is the retail unit of Dubai's largest publicly traded property developer Emaar Properties.

  • ATHENS, March 25- Greece has received three binding bids for a majority stake in its second-largest port in Thessaloniki, the country's privatizations agency said on Saturday. Phillipines-based International Container Terminal Services, Dubai- based P&O Steam Navigation Company and German private equity firm Deutsche Invest Equity Partners submitted...

  • DUBAI, March 23- Saudi Arabia's crude exports to the United States in March will fall by around 300,000 barrels per day from February, in line with OPEC's agreement to reduce supply, a Saudi energy ministry official said on Thursday. The United States imported about 1.3 million bpd from OPEC's top exporter in February, according to U.S. Energy Information...