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United Arab Emirates

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  • ISIS displaying a deft command of varied media Saturday, 30 Aug 2014 | 11:59 AM ET
    A fighter of the Islamic State stands guard near the city of Baiji, north of Baghdad June 19, 2014.

    Western intelligence services are worried about ISIS's extraordinary command of videos, ground images shot from drones and multilingual Twitter messages.

  • The challenges highlight the difficulties that bailed-out Banco Espirito Santo and its successor Novo Banco face as they try to recover some of the family's massive debts.

  • Dubai port operator H1 profits up 26 percent Thursday, 28 Aug 2014 | 3:55 AM ET

    DUBAI, United Arab Emirates— Dubai- based port operator DP World said Thursday its profit rose 26 percent in the first half of the year as it was able to process more cargo thanks to new capacity and a pick-up in global trade. DP World ranks among the largest port operators, with a heavy emphasis on fast-growing markets in the developing world.

  • Regulators decided on Aug. 3 to put its healthy assets into a new entity, Novo Banco, and leave family borrowings, shareholders and junior creditors behind in BES.

  • KUWAIT, Aug 26- Kuwait is replacing the head of its securities regulator after a stormy four years during which he drew criticism from some investors for his attempts to clean up the bourse and for the stock market's weak performance.

  • WASHINGTON, Aug 26- Orders for long-lasting U.S. manufactured goods posted their biggest gain on record in July on strong international demand for aircraft, but the underlying trend remained consistent with a steady pace of domestic economic growth.

  • ABU DHABI, Aug 21- Banking group Standard Chartered is liable to legal action in the United Arab Emirates after it agreed to close some customers' UAE accounts in an anti-money laundering settlement with U.S. regulators, the UAE central bank said on Thursday.

  • Dubai's Nakheel to pay $2.1 billion in debt early Wednesday, 20 Aug 2014 | 8:33 AM ET

    DUBAI, United Arab Emirates— Dubai's developer Nakheel behind the famed man-made palm-shaped islands said Wednesday it is repaying 7.9 billion dirhams, or roughly $2.15 billion this month— nearly four years before the last installment is due.

  • SINGAPORE, Aug 20- Previously ranked as Asia's top diesel importer, now No.3 Indonesia is expected to take a third less of the fuel this year as demand from mining falters and biodiesel use in transport and industry grows with a mandate implemented in January.

  • Panasonic Corp, Fujitsu Ltd and others, seeking niche business opportunities to offset a downturn in demand for their consumer electronics, are touting automated greenhouses and sensor-controlled fields that ensure constant conditions to produce high-quality vegetables all year-round.

  • *Oil price at level seen as favourable by Saudi Arabia. LONDON/ DUBAI, Aug 19- OPEC is not worried about a slide in oil prices towards $100 a barrel, delegates from the producer group said, with current levels seen as acceptable for producers while higher seasonal demand in the coming weeks was expected to support the market.

  • Dubai creates new fund class to lure asset managers Tuesday, 19 Aug 2014 | 5:52 AM ET

    *Aims to compete with Luxembourg, Dublin and Cayman Islands. DUBAI, Aug 19- Dubai is changing its financial rules in an effort to attract more asset managers- particularly those serving the richest and most risk-tolerant investors, such as hedge funds and private equity funds- to base themselves in the emirate.

  • Iran says journalists held over 'security issues' Monday, 18 Aug 2014 | 10:02 AM ET

    TEHRAN, Iran— A Washington Post reporter and two other journalists detained last month are being held over "security issues," Iran's judiciary spokesman said Monday, offering the first official indication on why they are being held. Post reporter Jason Rezaian, his wife Yeganeh Salehi and two photojournalists were detained July 22 in Iran's capital, Tehran.

  • They include El Pollo Loco Holdings Inc, Zoe's Kitchen Inc, and Papa Murphy's Holdings Inc.. Shake Shack is present in many U.S. states including New York, New Jersey, Connecticut, Pennsylvania, Florida and Massachusetts.

  • RIYADH/ DUBAI, Aug 14- Seventy-year-old Saudi Arabian stock speculator Mohamed al-Otaibi says he lost hundreds of thousands of dollars in the crash of 2006, but he's back trading again as the Arab world's biggest bourse prepares to open to direct foreign investment.

  • SINGAPORE/ NEW DELHI, Aug 14- A decade after low-cost carriers led India's air travel boom, full-service airlines are gearing up for a battle for premium passengers that only the deep-pocketed are likely to win. The carriers are also bracing for Vistara, a venture between Singapore Airlines Ltd and conglomerate Tata Sons Ltd which will start flying in October.

  • *Iraq faces no immediate food shortages, bread prices stable. BAGHDAD/ ABU DHABI, Aug 13- After seizing five oil fields and Iraq's biggest dam, Sunni militants bent on creating an Islamic empire in the Middle East now control yet another powerful economic weapon- wheat supplies.

  • CAIRO/ ABU DHABI, Aug 13- A top Iraqi government grains official said on Wednesday that Islamic State militants are taking wheat from state silos in northern and western Iraq, in order to mill it there and in neighboring Syria.

  • BAGHDAD, Aug 13- Nuri al-Maliki stuck to his guns and refused to accept his removal as Iraq's prime minister on Wednesday, but his hold on power was tenuous as Iran's supreme leader, a long-time Maliki ally, publicly backed his replacement.

  • *TAQA remains committed to other India, Iraq projects. ABU DHABI, Aug 13- Abu Dhabi National Energy Co, the state-owned oil explorer and power supplier, swung to second-quarter profits and said it pulled out of acquisition plans in India and Iraq to improve its cash flow and reduce debt leverage.