Dubai's multi-billion dollar building projects are back, five years on from the property bust that left countless building unfinished. CNBC's Hadley Gamble reports.» Read More
*Delta's 49 pct in Virgin, Etihad's 29 pct in Air Berlin eyed. *Air Berlin says Etihad does not control it.
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.
DUBAI, April 3- Investment Corp of Dubai, the emirate's sovereign wealth fund, has bought a stake in global hotel management firm Kerzner International from investors including the family of South African casino tycoon Sol Kerzner. Kerzner International, originally founded by Sol Kerzner, manages the Atlantis and One& Only resort chains.
In New York, a Blackstone spokesman confirmed that Dubai World had hired it on a "debt optimisation mandate". The sources were speaking after state-owned Dubai World ended a two-day annual meeting with its creditors this week.
ROME/ ABU DHABI, April 2- Etihad Airways has finished examining Alitalia's books and will soon present a plan to revamp the loss-making Italian airline that is likely to include demands for job cuts and debt restructuring, several sources familiar with the matter said.
PARIS- Arnaud Montebourg, a fierce critic of budget austerity, is named French economy minister in a reshuffled government that President Francois Hollande has charged with halting France's economic decline. EU regulators fine Goldman Sachs, Prysmian for cable cartel.
DUBAI, April 1- Saudi Arabian conglomerate Ahmad Hamad Algosaibi& Brothers estimates its assets are worth less than a quarter of about $5.9 billion in claims made against it, a spokesman said as the group prepares a proposal to end one of the Middle East's biggest corporate debt disputes.
NEW YORK, March 31- A New York judge has allowed Chevron Corp to sue Patton Boggs over claims that the Washington law and lobbying firm engaged in fraud while trying to enforce a multibillion-dollar environmental judgment for a group of Ecuadorean villagers.
DUBAI, March 31- Dubai World, the conglomerate at the centre of the emirate's debt crisis, has the means to make its first big repayment on time next year and expects to pay off more of its debt ahead of schedule, a top executive said.
March 30- Libya's sovereign wealth fund has filed a $1.5 billion lawsuit against Societe Generale, accusing it of funnelling bribes worth tens of millions of dollars to associates of Saif al-Islam, the son of former Libyan leader Muammar Gaddafi.
*Libya struggling with progress three years after Gadaffi ouster. TRIPOLI, March 30- When a militia holding Libya's eastern ports loaded a North Korean-flagged tanker with oil earlier this month, the Libyan parliament sacked its own prime minister and turned to U.S. commandos to bring its cargo back.
*UAE backs Egypt military as bulwark against Brotherhoood.
ANKARA, March 27- Looming fuel price rises in Iran will be the first major test of President Hassan Rouhani's ability to retain public support in the face of attacks from his hardline rivals.
ABU DHABI, March 25- Abu Dhabi National Energy Co posted a net loss of 2.52 billion dirhams for 2013 as it marked down the value of its oil and gas holdings in North America, the company said on Tuesday.
DUBAI, March 24- Virgin Atlantic founder Richard Branson dangled the carrot of further investment in the British airline's domestic carrier Little Red as he stepped up the campaign for a third runway at London's Heathrow airport.
The crisis is the latest chapter in an eight-year battle between Bangkok's middle class and royalist establishment against supporters of Yingluck and Thaksin Shinawatra, her brother, who was ousted as premier by the army in 2006. He lives in Dubai to avoid a jail term for abuse of power.
LONDON, March 22- Private equity firm Clayton Dubilier& Rice LLC is the frontrunner among four bidders for Germany- based, but Dubai- owned, packaging group Mauser, Britain's Sky News reported on its website on Saturday, without citing its sources.
LONDON, March 21- The future of two big loans for oil trading firm Gunvor and petrochemicals group Sibur were thrown into doubt after Russian businessman Gennady Timchenko appeared on the US sanctions list over Russia's involvement in Crimea and Ukraine.
CAIRO/ DUBAI, March 20- After Egypt's new finance minister took office last month, one of his first acts was to downgrade the government's assessment of its finances. He was acknowledging what may become the biggest threat to Egypt's economic recovery after years of political turmoil: a rising public debt burden.