Egypt and the Emirates acted without informing Washington or seeking its consent, U.S. officials say. The NYT reports.» Read More
DUBAI, United Arab Emirates— Dubai's ruler has endorsed a $32 billion expansion plan for the city's second airport that aims to make it the world's biggest, the emirate's airport operator said Monday in the latest sign that the Middle East's brash commercial hub is determined to move on from its 2009 financial crisis.
*Expected to be at least $500 million with 5- year tenor. DUBAI/ KUALA LUMPUR, Sept 4- Goldman Sachs is reviving plans to raise at least $500 million with its first issue of Islamic bonds, a sign that Islamic finance is going mainstream as big conventional banks seek to tap Middle Eastern money.
DUBAI/ LAGOS, Sept 4- Qatar National Bank, the Gulf's largest bank, said on Thursday it was buying a 12.5 percent stake in pan-African lender Ecobank Transnational Incorporated. QNB has said it wants to become the largest bank in the Middle East and Africa by 2017- it is currently second in terms of assets, behind South Africa's Standard Bank.
*Issue expected to be at least $500 million. DUBAI/ KUALA LUMPUR, Sept 4- Goldman Sachs is reviving plans to issue at least $500 million worth of Islamic bonds, a sign that Islamic finance is going mainstream as big conventional banks seek to tap Middle Eastern money.
But it is Andrii Kuzmenko's job to persuade British investors that now is the best time to invest in Ukraine. Kuzmenko and other officials hope investors will take comfort from the signing in June of an agreement between Ukraine and the European Union that will bind the country more closely to the bloc as it turns away from Russia.
*Took place in Eastern Province where minority Shi'ite live. DUBAI/ RIYADH, Sept 2- A small fire erupted on a gas pipeline in eastern Saudi Arabia on Tuesday after assailants shot at a security patrol, security and oil industry sources said, in an incident that may heighten concern about the vulnerability of Saudi energy infrastructure.
FRANKFURT, Sept 1- Airline Emirates is not interested in investing in the international operations of Qantas, the Dubai- based carrier's chief commercial officer said on Monday.
*Citi, Commerz, DB, ENBD, MS, Stanchart to arrange deal. DUBAI, Sept 1- Emirates NBD, Dubai's largest lender, plans to sell a benchmark-sized capital-boosting bond, a document from lead managers said on Monday, looking to take advantage of favourable markets to strengthen its reserves.
Western intelligence services are worried about ISIS's extraordinary command of seemingly less lethal weapons: media.
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.
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.
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.
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.
*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.
*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.
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.