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United Arab Emirates

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  • *CEO says Israel is holding Palestinian economy hostage. *Israel imposed economic sanctions on Palestinians last week. DUBAI, April 15- The boss of a telecoms company accused Israel of using sanctions to hold the Palestinian economy hostage after the Jewish state stopped his firm from importing equipment to launch services in Gaza.

  • Spain eyes stronger economic ties with UAE visit Monday, 14 Apr 2014 | 4:56 AM ET

    ABU DHABI, United Arab Emirates— King Juan Carlos of Spain began a visit to the Persian Gulf region on Monday by telling United Arab Emirates officials that deepening ties with their oil-rich country was a top priority, highlighting the role wealthy Arab states could play in shoring up the battered Spanish economy.

  • Dubai International, which handled 66.4 million passengers in 2013, making it the world's second busiest airport for international passenger traffic after London's Heathrow, will cut flights by 26 percent for an 80- day period, Dubai's airports authority said on Sunday.

  • Mideast's busiest air hub plans runway overhaul Sunday, 13 Apr 2014 | 6:34 AM ET

    DUBAI, United Arab Emirates— Officials say Dubai airport, the Mideast's busiest, will undergo a major runway overhaul starting next month that will see more than a dozen airlines shift flights to another airport in the city. The work begins May 1 and runs through July 20.

  • UAE unveils new law in wider push for job creation Sunday, 13 Apr 2014 | 6:17 AM ET

    ABU DHABI, United Arab Emirates— The United Arab Emirates finance minister said Sunday that officials are finalizing a new law to boost entrepreneurship with broad incentives, part of a wider push to create jobs for a burgeoning young population.

  • ABU DHABI, April 13- State-owned Abu Dhabi Ports Co expects a surge in shipping traffic towards the end of this year as work on major infrastructure projects in the United Arab Emirates capital gathers pace, the company's chief executive said.

  • Six Flags theme park planned for Dubai Sunday, 13 Apr 2014 | 4:32 AM ET

    DUBAI, United Arab Emirates— Dubai could soon have some new roller coasters to go with its man-made islands and the world's tallest skyscraper. Newspapers in the Middle Eastern emirate reported Sunday that local property developer Meraas Holding has reached a deal with Six Flags Entertainment to build a theme park in the city's largely industrial outskirts.

  • KHOBAR, Saudi Arabia, April 9- Major Saudi Arabian construction firm Abdullah A. M. Al-Khodari Sons expects labour reforms to keep weighing on its bottom line for a few more years, but the situation will start improving in the second half of 2014, its chief executive said.

  • ALBANY, N.Y., April 8- New York's highest state court has ruled that a lawsuit by the Algosaibi family conglomerate, claiming that a Saudi billionaire who married into the family committed a $150 million fraud, should be heard in Saudi Arabia.

  • *Defaulters Ecuador, Greece prepare bonds; Pakistan, Zambia raise 10- yr cash. *After Q1 bond issuance tops $100 bln, second wave of riskier emerging credits.

  • Dubai tells global bankers to expect another boom Monday, 7 Apr 2014 | 1:56 PM ET

    *Dubai needs international financial support for growth plans. Over a dozen top Dubai officials and executives met about 100 representatives of financial powerhouses including Deutsche Bank, Nomura Holdings and Fidelity Investments for the emirate's first big investor roadshow since the crisis.

  • Airlines say cost to factor in tracking standards Monday, 7 Apr 2014 | 9:04 AM ET

    ABU DHABI, United Arab Emirates— The director of the International Air Transport Association said Monday he wants to see a globally agreed upon tracking standard in place by the end of this year, which also takes into consideration the cost on airlines, in order to avoid another disappearance like that of Malaysia Airlines Flight 370..

  • ABU DHABI, April 7- Etihad Airways is still negotiating commercial terms for a potential investment in Alitalia and is close to extending its partnership with Air Berlin, the chief executive of the Abu Dhabi airline said on Monday.

  • Airline passenger attempts suicide during flight Monday, 7 Apr 2014 | 8:50 AM ET

    DUBAI, United Arab Emirates— Emirates airline crewmembers found a passenger bleeding heavily on a flight from Dubai to India after he apparently tried to commit suicide inside an airplane lavatory, the airline and Indian police said Monday.

  • Aluminum smelters in Dubai, Abu Dhabi join forces Monday, 7 Apr 2014 | 7:13 AM ET

    Mubadala Development Company of Abu Dhabi and the Investment Corporation of Dubai said on Monday they have formally incorporated the new Abu Dhabi- based company, known as Emirates Global Aluminium. It combines the operations of Dubai Aluminium, the country's largest smelter, with Abu Dhabi- based Emirates Aluminium.

  • ABU DHABI, April 7- Etihad Airways' chief executive said on Monday that the airline was close to sealing the next phase of its partnership with Air Berlin and that it was still in due diligence over a possible tie-up with Alitalia.

  • Abu Dhabi Islamic Bank to buy Barclays UAE retail Sunday, 6 Apr 2014 | 10:43 AM ET

    DUBAI, United Arab Emirates— Abu Dhabi Islamic Bank says it has reached an agreement to buy the retail banking operations of Barclays Bank in the United Arab Emirates for 650 million dirham, or roughly $177 million. The Abu Dhabi Islamic Bank says the acquisition, which is subject to UAE Central Bank approval, would result in around 110,000 new customers.

  • *Delta's 49 pct in Virgin, Etihad's 29 pct in Air Berlin eyed. *Air Berlin says Etihad does not control it.

  • US secretly created 'Cuban Twitter' to stir unrest Friday, 4 Apr 2014 | 12:24 AM ET

    WASHINGTON— In July 2010, Joe McSpedon, a U.S. government official, flew to Barcelona to put the final touches on a secret plan to build a social media project aimed at undermining Cuba's communist government. McSpedon and his team of high-tech contractors had come in from Costa Rica and Nicaragua, Washington and Denver.

  • LONDON, April 3- Kuwait's billionaire al-Kharafi family is looking to sell Americana, one of the Middle East's largest food companies, and has hired bankers to explore a deal, four sources familiar with the matter told Reuters.

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