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Asia Top News and Analysis Dubai

  • Lawyers in New York sued to block the order, saying many people have already been unlawfully detained, including an Iraqi who worked for the U.S. Army in Iraq. Melanie Nezer of the Hebrew Immigrant Aid Society, a Jewish group that works with refugees, said she knew of roughly 2,000 who were booked to come to the United States next week. The new Republican president on...

  • Lawyers in New York sued to block the order, saying many people have already been unlawfully detained, including an Iraqi who worked for the U.S. Army in Iraq. Melanie Nezer of the Hebrew Immigrant Aid Society, a Jewish group that works with refugees, said she knew of roughly 2,000 who were booked to come to the United States next week. The new Republican president on...

  • Lawyers in New York sued to block the order, saying many people have already been unlawfully detained, including an Iraqi who worked for the U.S. Army in Iraq. The new Republican president on Friday put a four-month hold on allowing refugees into the United States and temporarily barred travelers from Syria and six other Muslim-majority countries.

  • WASHINGTON, Jan 28- President Donald Trump's sweeping ban on people seeking refuge in the United States and visitors from seven Muslim-majority countries caused confusion and panic among travelers on Saturday, with some turned back from U.S.-bound flights. The new Republican president on Friday put a four-month hold on allowing refugees into the United...

  • *Qalaa Holdings up sharply in Egypt. DUBAI, Jan 26- Gulf stock markets were mixed on Thursday, supported by strong global equities and oil prices, while Egypt surged on the back of the success of Cairo's international sovereign bond issue. Construction firm Abdullah Abdul Mohsin al- Khodari and Sons fell 3.2 percent after it said the total value of its delayed work...

  • *GFH Financial rockets in Dubai. *Masraf Al Rayan leads Qatar up. DUBAI, Jan 24- Saudi Arabia's stock market continued rebounding on Tuesday in a generally strong Gulf region, while a drop by shares in real estate firm Emaar Misr dragged down Egypt.

  • *James Hogan to leave group CEO post in second half. ABU DHABI/ FRANKFURT, Jan 24- The veteran chief executive of Abu Dhabi's Etihad Aviation Group will leave this year, the company announced on Tuesday, but said it remained committed to his strategy of extending the airline's through stakes in foreign airlines. Australian James Hogan, 60, who over the past 10 years...

  • *James Hogan to leave group CEO post in second half. ABU DHABI/ FRANKFURT, Jan 24- The veteran chief executive of Abu Dhabi's Etihad Aviation Group will leave this year, the company announced on Tuesday, but said it remained committed to his strategy of extending the airline's reach by taking stakes in foreign airlines. Australian James Hogan, 60, who over the past 10...

  • ABU DHABI, Jan 24- The veteran chief executive of Abu Dhabi's Etihad Aviation Group, which owns one of the Middle East's top airlines, will leave this year, but the carrier remains committed to a system of equity alliances that he developed, Etihad said on Tuesday. Australian James Hogan, 60, who over the past 10 years built Etihad into an aggressive competitor to...

  • DUBAI, Jan 23- Emirates' announcement on Monday that it would start flying to the United States with a stop for passengers in Greece sparked a strong reaction from a lobby group representing U.S. competitors who accused it of competing unfairly through state subsidies. Emirates was "flagrantly violating" the air services agreement that allows it to fly to the...

  • *National Bank of Kuwait climbs as it reports strong Q4. *Egypt's index rebounds after slide on tax fears. DUBAI, Jan 23- Saudi Arabia outperformed other Gulf stock markets on Monday as several major stocks bounced after poor earnings earlier this week, while a bull run in Kuwait slowed and Egypt rebounded sharply from a slide triggered by tax fears.

  • Gulf carriers who spent years rapidly expanding into markets from South America to Africa are under pressure to adapt to weaker markets, overcapacity and a stronger dollar. The restructuring at Dubai- based Emirates involves moving employees into new positions that has seen staff both promoted and demoted, a spokeswoman said, adding that a "very small number"...

  • Dubai- based Emirates already operates four daily flights to John F. Kennedy International Airport in New York, including one with a stop off in Milan. "We look forward to briefing President-elect Donald Trump and his new administration on the massive, unfair subsidies that the UAE and Qatar give to their state-owned Gulf carriers," said Jill Zuckman, chief...

  • Dubai- based Emirates already operates four daily flights to John F. Kennedy International Airport in New York, with a stop off in Milan. "We look forward to briefing President-elect Donald Trump and his new administration on the massive, unfair subsidies that the UAE and Qatar give to their state-owned Gulf carriers," said Jill Zuckman, chief spokesperson for the...

  • *Kuwait index posts biggest rise in over two years. DUBAI, Jan 22- Share prices in Kuwait jumped in very heavy trade on Sunday, the top performing market in a strong Gulf region, while tax fears continued to weigh on prices in Egypt. The narrower Kuwait 15 index of blue chips is up 9.6 percent.

  • SANTIAGO, Jan 19- Middle Eastern private equity investor Abraaj Group has bought a majority stake in Chile's private home furnishings retailer Casaideas in its first foray into the country, Abraaj said on Thursday. Casaideas runs more than 50 stores in South America, including 33 in Chile and 16 in Peru. Abraaj has made a number of investments in other countries...

  • *Sources say Egypt may introduce stamp duty. DUBAI, Jan 19- Egypt's blue-chip stock index tumbled on Thursday after Reuters reported that authorities were considering temporarily reintroducing a stamp duty on stock market transactions, while Saudi Arabia was supported by quarterly corporate earnings. Local traders were heavy net sellers after a Finance...

  • LAUNCESTON, Australia, Jan 19- One of the consequences of the cuts to crude oil supply by OPEC and its allies has been the sharp narrowing of the premium that light crude commands over heavier grades. The Brent- Dubai exchange for swaps, which tracks the difference between Brent, global benchmark for light crude, and Dubai, main price marker for heavier oil in the...

  • LAUNCESTON, Australia, Jan 19- One of the consequences of the cuts to crude oil supply by OPEC and its allies has been the sharp narrowing of the premium that light crude commands over heavier grades. The Brent- Dubai exchange for swaps, which tracks the difference between Brent, global benchmark for light crude, and Dubai, main price marker for heavier oil in the...

  • NAIROBI, Jan 18- Privately-owned Nakumatt, Kenya's biggest supermarket chain by sales, has agreed to sell a 25 percent stake to a foreign fund for $75 million, part of an effort to bolster its balance sheet and pay off debts, its managing director said on Wednesday. Nakumatt, which started with a single store in Nairobi in 1992, operates 68 outlets in Kenya and...