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United Arab Emirates

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  • LONDON, April 15- At least five merchant vessels carrying food are stuck off Yemen, shipping data showed on Wednesday, as warships from a Saudi-led coalition search them for weapons bound for Iran- allied Houthi rebel forces, with delays adding to a humanitarian crisis. Yemen imports more than 90 percent of its food, including most of its wheat and all its rice, to...

  • LONDON, April 15- At least five merchant vessels carrying food are stuck off Yemen as warships from a Saudi-led coalition search them for weapons bound for Iran- allied Houthi rebel forces, with delays adding to a humanitarian crisis. Yemen imports more than 90 percent of its food, including most of its wheat and all its rice, to feed a population of 25 million.

  • ABU DHABI, April 15- The boss of Abu Dhabi's Etihad Airways has warned Europe that it will suffer if it restricts the access of foreign carriers to its market, in a fresh effort by fast-growing Gulf airlines to head off what they see as Western protectionism. "Etihad Airways is committed to Europe. State-owned Etihad is making increasing inroads into Europe, partly...

  • This pressured Asian stocks, taking the MSCI emerging equities index further off recent six-month highs. But crude prices approached $60 a barrel on signs of falling U.S. production, benefiting Gulf markets such as Dubai and Saudi Arabia that rose as much as 1.9 percent. "The Chinese slowdown is real and permanent and that's a fundamental headwind for countries...

  • *India's urban population to rise to 814 million by 2050. GANDHINAGAR, India, April 15- India's push to accommodate a booming urban population and attract investment rests in large part with dozens of "smart" cities like the one being built on the dusty banks of the Sabarmati river in western India. With an urban population set to rise by more than 400 million people...

  • DUBAI, United Arab Emirates— Washington Post correspondent Jason Rezaian has had an "unacceptable lack of access to legal counsel" while jailed for nearly nine months in Iran and still has not had a substantive discussion with his lawyer, the newspaper's executive editor said Tuesday. The Post's executive editor, Martin Baron, said in a statement that Rezaian...

  • *Oil revenues at heart of struggle for Libya. CAIRO/ BENGHAZI, April 14- Libya's official government, holed up in the east after being forced to flee the capital, is struggling to sell crude oil under a new system it has devised in an attempt to bypass a rival administration in Tripoli. Foreign buyers had always paid through the NOC and the central bank in Tripoli.

  • DOHA, April 14- Qatar opened the Middle East's first centre for clearing transactions in the Chinese yuan on Tuesday, saying it would boost trade and investment between China and Gulf Arab economies. "The launch of the region's first renminbi clearing center in Doha creates the necessary platform to realise the full potential of Qatar and the region's trade...

  • *Lukoil involved in Empty Quarter gas search. KHOBAR, Saudi Arabia/ MOSCOW, April 13- Lukoil will likely pull out from Saudi Arabia where the economics of its search for gas have been crushed by the collapse of the oil price, three industry sources said. Lukoil was the last company left active in the consortia of international oil firms Saudi Arabia invited in...

  • DUBAI, United Arab Emirates— Newspapers in the United Arab Emirates say migrant laborers set multiple vehicles on fire during a weekend protest at a construction site in the north of the country following the death of one of their co-workers. They say the protest happened Saturday in the northern emirate of Ras al-Khaimah after a worker fell to his death from...

  • COLOMBO, April 13-- Position: Central Bank. -Mahendran, an Oxford- educated graduate, has nearly 30 years of experience in the financial services industry across Asia, having served in both private companies and public sector organisations. -He holds an MA in Philosophy, Politics, and Economics from Oxford and his most recent position was chief investment officer at...

  • Dubai counting on security, money, international links. Dubai is launching a drive to become one of the Arab world's top centres for art, design, film and fashion- areas that have traditionally been dominated by old Arab cities outside the Gulf. But Dubai has advantages which the old cities can find it hard to provide: security, cosmopolitan lifestyles and...

  • *Istanbul aims to be top-10 financial hub. *Equity market has not kept pace with economic growth. ISTANBUL, April 12- Turkish President Tayyip Erdogan dreams of transforming Istanbul into a financial hub that can rival Dubai or Singapore, but first he needs to win over would-be investors like Ali Bahcuvan.

  • As the Middle East and U.S. Gulf Coast transform into refining hubs, traders require ever-larger tankers to move oil products such as gasoline, diesel and aviation fuel to Europe, Asia and Latin America. Trading powerhouses such as Vitol, Total and Shell have already booked vessels that can carry as much as 1 million barrels- more than three times the typical size...

  • DUBAI, April 8- Apollo Global Management is in talks to expand its business into the Middle East for the first time through a joint venture with a local investment firm, three sources aware of the matter told Reuters on Wednesday. It is the world's third-largest alternative asset manager after Blackstone Group and Carlyle Group, and has offices in eight...

  • ADEN, April 6- Southern Yemeni militias backed by warplanes from a Saudi-led coalition attacked Houthi fighters across several provinces in south Yemen on Monday, driving the Shi'ite rebel forces from some of their positions, witnesses and militia sources said. The fighting has killed hundreds of people, cut off water and electricity supplies and led the...

  • Relief from outside appeared distant as the International Committee of the Red Cross told Reuters that it had yet to arrange a flight to deliver 48 tons of medical supplies despite gaining Saudi approval for the aid on Saturday night. The International Committee of the Red Cross, which for days blamed the Saudi-led coalition for delays, told Reuters on Monday...

  • Street fighting and heavy shelling has for several days torn through the city, the last bastion of support for Saudi-backed president Abd-Rabbu Mansour Hadi. Relief from outside appeared distant as the International Committee of the Red Cross told Reuters that it had yet to arrange a flight to deliver 48 tons of medical supplies despite gaining Saudi...

  • *Saudi raises crude prices to Asia for 2nd month. *Iran unlikely to ramp up exports before 2016- analysts. SINGAPORE, April 6- Oil futures climbed more than $1 a barrel on Monday, after Saudi Arabia raised prices for crude sales to Asia for a second month, signalling better demand in the region.

  • *Saudi raises crude prices to Asia for 2nd month. SINGAPORE, April 6- Oil futures rose more than $1 a barrel on Monday, after Saudi Arabia raised prices for crude sales to Asia for a second month, signaling better demand in the region. Brent crude for May delivery touched a high of $56.06 a barrel and was up 70 cents from Thursday at $55.65 by 0347 GMT.