×

Asia Top News and Analysis Dubai

  • Saudi officials have said the complex at Ras Al Khair will cost more than $5 billion to build. The development of Ras Al Khair could eventually take business away from other maritime yards in the region, such as Dubai's Jebel Ali. Last year, Saudi Aramco signed a memorandum of understanding for construction of the complex with National Shipping Co of Saudi Arabia,...

  • *Qatar Airways says 10 aircraft short due to delivery delays. BERLIN, March 8- Qatar Airways will not take delivery of any Airbus A320neo aircraft this year as it looks to change its order to larger A321neos, Chief Executive Akbar Al Baker said on Wednesday. Qatar Airways is around 10 aircraft short on deliveries from Airbus at present, including A320neos and wide...

  • BERLIN, March 8- Qatar Airways will not take delivery of any Airbus A320neo aircraft this year as it looks to change its order to larger A321neos, Chief Executive Akbar Al Baker said on Wednesday. Qatar Airways is around 10 aircraft short on deliveries from Airbus at present, including A320neos and wide body A350s, he said. He said that unlike rivals Qatar Airways...

  • BERLIN, March 8- Qatar Airways will not receive any Airbus A320neo jets this year as it looks to upgrade its order to larger models, the airline's chief executive Akbar Al Baker said on Wednesday. I hope this will be resolved during this year, " Al Baker told reporters in Berlin. Qatar Airways is around 10 aircraft short from Airbus at present, including A320neos and...

  • Aramco cut the OSP for Arab Light for Asia to a discount of 15 cents a barrel over the Oman- Dubai benchmark for April cargoes from a premium of 15 cents the prior month. The effective 30 cents a barrel reduction came against a backdrop of a weakening premium for Dubai crude over global benchmark Brent and softer margins for key oil products in Asia, such as gasoline,...

  • Aramco cut the OSP for Arab Light for Asia to a discount of 15 cents a barrel over the Oman- Dubai benchmark for April cargoes from a premium of 15 cents the prior month. The effective 30 cents a barrel reduction came against a backdrop of a weakening premium for Dubai crude over global benchmark Brent and softer margins for key oil products in Asia, such as gasoline,...

  • LONDON, March 6- A currency devaluation may do little to fix Nigeria's problems unless it follows the examples of emerging market peers Egypt, Argentina and Russia and embraces floating exchange rates. Grappling with recession, widespread dollar shortages, a budget funding gap and international lenders' reluctance to provide loans, Nigeria has moved...

  • BERLIN, March 6- Demand for travel to the United States over the coming months has flattened out following a positive start to the year, with uncertainty over a possible new travel order likely deterring visitors, travel analysis company ForwardKeys said on Monday. ForwardKeys, which analyses 16 million flight reservations a day from major global reservation...

  • BERLIN, March 6- Demand for travel to the United States over the coming months has flattened out following a positive start to the year, with uncertainty over a possible new travel order likely deterring visitors, travel analysis company ForwardKeys said on Monday. ForwardKeys, which analyses 16 million flight reservations a day from major global reservation...

  • *Al Qaeda suspected of new seaborne attack. LONDON/ RIYADH, March 6- Cruise missiles, floating mines and a remote-controlled boat have been deployed to attack ships in Yemen in recent months, changing the dynamic of the two-year-old war and pushing the country closer to famine, shipping and aid officials say. The conflict in Yemen, which al Qaeda has exploited to...

  • BERLIN, March 6- Demand for travel to the United States over the coming months has flattened out following a positive start to the year, with uncertainty over a possible new travel order likely deterring visitors, travel analysis company ForwardKeys said on Monday. ForwardKeys, which analyses 16 million flight reservations a day from major global reservation...

  • *Al Noor hit by Abu Dhabi insurance policy change. ABU DHABI, March 2- International healthcare operator Mediclinic is lobbying the Abu Dhabi government to rethink a change in medical insurance rules that has damaged its business after it bet big on acquiring Al Noor Hospitals, its regional CEO told Reuters. The rule, which does not apply to government hospitals,...

  • FRANKFURT, March 1- Saudi Arabia's main sovereign wealth fund Public Investment Fund is looking at taking minority stakes in German technology and financial companies, although any deal is unlikely before 2018, the kingdom's ambassador to Germany said. Such a move would mirror other Gulf state funds from Dubai, Qatar and Kuwait, which have taken minority...

  • DUBAI/ LONDON, Feb 28- Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the oil industry said. This is the level the OPEC heavyweight and its Gulf allies- the United Arab Emirates, Kuwait and Qatar- believe would encourage investment in new fields but not lead to a jump in U.S. shale output, the sources said.

  • *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...

  • *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...

  • 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...