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United Arab Emirates

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  • BELGRADE, March 31- The vista of rusting boats and drab wasteland that greets visitors passing over the river Sava into Belgrade is set to be transformed into a futuristic forest of skyscrapers under ambitious redevelopment plans that have left Serbs deeply split. The project marks the first foray into central and eastern Europe by Abu Dhabi- based Eagle Hills...

  • BELGRADE, March 31- The vista of rusting boats and drab wasteland that greets visitors passing over the river Sava into Belgrade is set to be transformed into a futuristic forest of skyscrapers under ambitious redevelopment plans that have left Serbs deeply split. The project marks the first foray into central and eastern Europe by Abu Dhabi- based Eagle Hills...

  • DUBAI/ ABU DHABI, March 31- Tourism Development& Investment Co has delayed fundraising plans to build Abu Dhabi's largest shopping mall in collaboration with a unit of French luxury goods firm LVMH, three sources aware of the matter told Reuters. The move by the Abu Dhabi state-owned investment fund, coupled with management changes at the joint venture and lower...

  • BEIJING— A groundbreaking solar-powered plane successfully flew from Myanmar to central China early Tuesday as part of an historic round-the-world journey promoting renewable energy use. The organizers of the Solar Impulse 2 flight wrote in a statement that the plane landed in Chongqing, China, at 1:35 a.m. Tuesday, after leaving Mandalay, Myanmar, more...

  • BEIJING— A groundbreaking solar-powered plane successfully flew from Myanmar to central China early Tuesday as part of an historic round-the-world journey promoting renewable energy use. The organizers of the Solar Impulse 2 flight wrote in a statement that the plane landed in Chongqing, China, at 1:35 a.m. Tuesday, after leaving Mandalay, Myanmar, more...

  • DUBAI, United Arab Emirates— Saudi Arabia has undertaken several initiatives to attract foreign capital outside of its oil and gas sector, the deputy governor of the kingdom's investment authority said Monday. Prince Saud spoke to The Associated Press on the sidelines of the fifth Annual Investment Meeting held in Dubai, United Arab Emirates.

  • PETRA, Jordan— It's high season in Petra, an ancient city hewn from rose-colored rock and Jordan's biggest tourist draw. Petra's slump is part of a sharp decline in tourism as Jordan's economy pays a price for regional turbulence and its high-profile role in the U.S.-led battle against Islamic State militants next door. Jordan's involvement in the...

  • FRANKFURT, March 30- Britain's Interoute, a high-capacity data network and corporate cloud services provider, is taking on new private equity investors to fund acquisitions across Europe and the United States, the company said on Monday. Aleph Capital Partners, a UK investment firm headed by former Goldman Sachs European private equity investment chief...

  • LONDON, March 27- Emerging market stocks were trading lower on Friday and set for a weekly loss as a strong dollar lured investors away and worries about stability in the Middle East depressed investor sentiment. The MSCI emerging equities index was 0.4 percent lower while the Asia excluding Japan benchmark eased 0.1 percent. "Oil has again taken centre stage as...

  • DUBAI, March 26- Warplanes from Saudi Arabia and Arab allies struck Shi'ite Muslim rebels fighting to oust Yemen's president on Thursday, in a push by the world's top oil exporter to check Iranian influence in its backyard. Most of the crude exported from Saudi Arabia, Iran, the United Arab Emirates, Kuwait and Iraq-- together with nearly all the liquefied natural...

  • DUBAI, March 26- Top oil exporter Saudi Arabia and Gulf OPEC ally Kuwait will beef up security around their oil facilities, they said on Thursday, after they and other Arab allies began a military operation in Yemen. Oil prices rallied on Thursday after the air strikes in Yemen, on the borders of Saudi Arabia, sparking fears of a wider Middle East conflict that could...

  • ABU DHABI, March 26- Abu Dhabi fund Aabar Investments said on Thursday its sale of 2 billion euros of bonds exchangeable into shares of UniCredit was not an exit from its investment in the Italian bank, but a way to improve its own finances. The investment firm on Tuesday said it had sold the five- and seven-year bonds representing around 4 percent of UniCredit's...

  • *Kuwait, Oman biggest losers after closing at peak of sell-offs. DUBAI, March 26- Most Middle East stock markets fell on Thursday after Saudi Arabia and its allies in the region launched air strikes against Yemen's Houthi militia, but they came well off their lows late in the day as the initial panic subsided. Yemen's slide toward civil war has made the country a...

  • DUBAI, United Arab Emirates— Stock markets across the Gulf Arab region and other parts of the Middle East closed slightly lower on Thursday, an expected tumble after Saudi Arabia launched airstrikes overnight on neighboring Yemen. Oil prices were also hit by the jitters over the escalation in Yemen, with Brent crude up $2.34 at $58.81 and U.S. crude up $2.20 at...

  • DUBAI, March 26- Economies and markets in the wealthy Gulf oil exporters barely blinked when Islamist militants overran parts of neighbouring Iraq last year, and they look likely to ride out escalating conflict in Yemen with similar ease. Air strikes against Houthi forces in Yemen by Saudi Arabia on Thursday raised the prospect of a proxy war, with Shi'ite Iran...

  • *Oil rises on fears of Middle East supply disruption. LONDON, March 26- Crude prices rose as much as 6 percent on Thursday after Saudi Arabia and its allies launched air strikes on Yemen, pushing shares lower in Europe, the Middle East and Asia and lifting oil producers' currencies. "Oil is having a nice move after more geopolitical tensions in the Middle East over...

  • LONDON, March 25- Borse Dubai, the biggest investor in the London Stock Exchange is selling its stake in the British exchange, which will raise around 1.5 billion pounds. The Dubai exchange became a major shareholder in Nasdaq in a complex deal in 2007, buying a 28 percent stake in the LSE from the U.S. exchange for 1,414 pence per share. Bank of America Merrill Lynch,...

  • VIENNA, March 25- New board members at Austrian companies OMV and Telekom Austria may include a former member of the European Central Bank's executive board and a former OMV chief executive, the committee charged with the choices said. The reforms earlier this year tightened the government's grip on companies such as OMV, Telekom Austria and Austrian Post.

  • RIYADH/ DUBAI, March 24- Saudi Arabian real estate shares tumbled on Tuesday after the cabinet approved a proposal to tax undeveloped land in urban areas- a policy that could shake up investment incentives in the kingdom and help to resolve a housing shortage. Some analysts have estimated 40 or even 50 percent of space inside big cities such as Riyadh, Jeddah and...

  • *Larger volumes flows to U.S., Asia, Europe. Iraq, Venezuela, Russia and Kazakhstan all saw their oil partially replaced by Saudi crude in Asia, the United States and even Europe, with its lackluster demand, as traders said the kingdom offered customers more oil, and more cheaply. Gary Ross, the founder and executive chairman of PIRA, the first consultancy to predict...