United Arab Emirates


  • 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.

  • DUBAI, March 20- Buyout firm GrowthGate Capital plans to take freight-forwarding company Able Logistics Group public in Dubai around the end of this year, a senior GrowthGate executive told Reuters, in a sign of growing strength in the region's equity markets. "We aim to make it this year or early next year," Haythem Macki, a partner at GrowthGate, said.

  • CAIRO, March 20- Egyptian Army chief Field Marshal Abdel Fattah al-Sisi may not look like a model democrat, but foreign and local businessmen believe he can deliver stability to open up investment opportunities in the most populous Arab nation.

  • LAUNCESTON, Australia, March 20- The price of Middle East crude oils being supplied to Asia appears too high given an increase in supply from Iran, Iraq and rival Russia and muted demand from refiners. The Brent- Dubai exchange for swaps fell to $3.75 a barrel on Wednesday, down from the year-high of $4.44 on March 14.

  • EXCLUSIVE-The mysterious journey of the Libya oil tanker Wednesday, 19 Mar 2014 | 11:01 AM ET

    TRIPOLI/ LONDON, March 19- What began late last year as a routine new assignment for Pakistani sea captain Mirza Noman Baig ended in a dramatic night-time rescue as U.S. special forces seized the ship his family said he was forced to operate by Libyan rebels.

  • MILAN, March 18- Sundried tomatoes and seabass tartare tickled tastebuds in Milan on Tuesday as upmarket Italian food hall chain Eataly opened a flagship store, the latest step in its plan to expand and list its shares on the market.

  • *Dubai rolls over $20 bln crisis debt from AD govt, UAE c.bank. DUBAI, March 16- Abu Dhabi and the central bank of the United Arab Emirates have agreed to refinance $20 billion of debt that was extended to the Dubai government as emergency aid during its financial crisis and comes due this year, the state news agency said on Sunday.

  • UAE, Abu Dhabi extend $20 bln of Dubai debt Sunday, 16 Mar 2014 | 7:48 AM ET

    DUBAI, March 16- Abu Dhabi and the central bank of the United Arab Emirates have agreed to refinance $20 billion of debt that was extended to the Dubai government as emergency aid during its financial crisis and comes due this year, the state news agency said on Sunday.

  • DUBAI, March 16- Dubai is considering regulatory reforms to persuade more funds to base themselves in its financial centre, though industry experts believe that other parts of its investment environment may also need to change for the emirate to compete globally.

  • LONDON, March 15- New York has knocked London from its position as the world's leading global financial centre after seven years, according to the Global Financial Centres Index compiled by London- based consultancy Z/Yen.

  • *Dubai govt set for $750 mln windfall from the listing. DUBAI, March 15- Dubai's Emaar Properties said it would sell up to 25 percent of its shopping mall and retailing unit in a public offer expected to raise 8 to 9 billion dirhams, making it one of the region's largest equity offers since 2008..

  • *In discussions with potential partners in Dubai, Singapore. MUMBAI, March 12- India's biggest jewellery retailer Titan Co Ltd hopes to start exports in the next fiscal year to perk up sales that have been dampened by the country's strict curbs on gold imports, a senior company official said on Wednesday.

  • *$40 bln contract is one of largest in Middle East. DUBAI/ CAIRO, March 10- A $40 billion deal for Dubai firm Arabtec to build one million homes in Egypt may mark the start of politically-inspired Gulf investment in the country's creaking infrastructure, from housing to transport, power generation and agriculture.

  • DUBAI, March 9- Dubai's non-oil trade expanded 7.6 percent last year, slowing from 13 percent growth in 2012, but the emirate's trade with Iran stabilised despite U.S. economic sanctions, according to Dubai customs data released on Sunday.

  • DIARY - Top economic Events to Mar 19 Thursday, 6 Mar 2014 | 7:01 PM ET

    HOUSTON, United States- Former Federal Reserve chairman Ben Bernanke speaks before the HIS CERAWeek 2014 conference in Houston, Texas- 1730 GMT. NEW YORK- Federal Reserve Bank of New York President William Dudley speaks on the economy and local conditions before community and business leaders- 1700 GMT.

  • Gulf's rift over Qatar may slow investment, reforms Wednesday, 5 Mar 2014 | 11:35 AM ET

    *Qatar's wealth means it doesn't need GCC. DUBAI, March 5- A diplomatic split between Qatar and its wealthy Gulf neighbours may disrupt billions of dollars of investment in the region and slow efforts to make economies more efficient through trade and transport reforms.

  • NEW YORK/ ABU DHABI, March 4- Ben Bernanke earned more in 40 minutes on Tuesday than he made all of last year as head of the U.S. Bernanke was paid at least $250,000 for his first public speaking engagement, in Abu Dhabi, since stepping down in January, according to sources familiar with the matter.

  • DIARY - Top economic Events to Mar 18 Tuesday, 4 Mar 2014 | 7:01 PM ET

    MEXICO CITY, Mexico- Federal Reserve Bank of Dallas President Richard Fisher speaks before the Mexican Bankers Association- 0000 GMT. TORONTO, Canada- Bank of Canada Senior Deputy Governor Tiff Macklem speaks at an event in Toronto- 0015 GMT.

  • ABU DHABI, March 4- Former Federal Reserve Chairman Ben Bernanke said the U.S. central bank could have done more to fight the country's financial crisis and that he struggled to find the right way to communicate with markets.

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