GO
Loading...

Dubai

More

  • DUBAI, Sept 18- Falling oil prices may prove the best medicine for economies in the Arab world, rebalancing growth towards countries struggling to recover from the Arab Spring uprisings without doing major damage to the oil exporters of the Gulf.

  • *Size $500 mln; order book about $1.5 billion. DUBAI, Sept 16- Goldman Sachs raised $500 million with its debut sale of Islamic bonds on Tuesday, becoming the first conventional U.S. bank to issue sukuk as Islamic finance develops beyond its traditional homes in the Middle East and southeast Asia.

  • DUBAI, Sept 16- The opening of Saudi Arabia's stock market to direct foreign investment early next year is set to coincide with a pick-up in earnings growth in the kingdom, which has lagged the region in the past few years.

  • WASHINGTON/ LONDON, Sept 14- Washington said countries in the Middle East had offered to join air strikes against Islamic State militants and Australia said it would send troops, but Britain held back even after the group beheaded a British hostage and threatened to kill another.

  • Dubai's Atlantis resort to get $1.4B expansion Monday, 15 Sep 2014 | 11:44 AM ET

    ICD— an investment arm of the Dubai government— acquired a significant stake in Kerzner earlier this year, with some state media reporting its share is 46 percent. Another state-owned Dubai firm, Istithmar World, bought out Kerzner's stake in the Atlantis Palm in Dubai in 2012..

  • *Gulf better able to handle U.S. rate hikes than most regions. *Bahrain and Oman budgets, Dubai property market may be losers.

  • US says Middle East to help fight IS, UK cautious Monday, 15 Sep 2014 | 1:35 AM ET
    Secretary of State John Kerry.

    Washington said countries in the Middle East have offered to join airstrikes against IS militants, but Britain held back.

  • WASHINGTON/ LONDON, Sept 14- Washington said countries in the Middle East had offered to join air strikes against Islamic State militants and Australia said it would send troops, but Britain held back even after the group beheaded a British hostage and threatened to kill another.

  • *To list shares in Dubai on Oct. 2. DUBAI, Sept 14- Dubai's Emaar Properties is seeking to raise as much as 5.8 billion dirhams from an initial public offer of shares in its shopping malls unit that is expected to be the Gulf's biggest stock sale since 2008..

  • *SocGen, BTMU, Goldman set up sukuk programmes since June. Sept 14- Islamic bond programmes from a trio of big conventional banks are set to expand the boundaries of Islamic finance, helping open the market to first-time issuers while testing the banks' ability to win over industry purists.

  • DUBAI, Sept 13- Dubai retailing and restaurants group Marka will list its shares on the Dubai Financial Market on Sept. 25 in the market's first flotation for five years, the company said on Saturday.

  • Yanbu will be the second major refinery to come online in Saudi Arabia in little more than a year, following the September 2013 start-up of the similar 400,000 bpd Jubail plant, a joint venture between Aramco and France's Total. Both these plants are largely aimed at the export market and can supply to both Europe and Asia because of their location.

  • Gulf secures $19 billion in West African projects Tuesday, 9 Sep 2014 | 2:48 PM ET

    Abu Dhabi's Trojan General Contracting won the $16 billion project to build roads and railways across Burkina Faso, Mali and Senegal.

  • *OPEC delegates blame oversupply for price drop. LONDON/ DUBAI, Sept 8- Oil's slide below $100 a barrel on Monday brings prices closer to levels where more OPEC countries face financial worries, prompting some in the producer group to voice concern about too much oil in the market.

  • DUBAI, Sept 8- Dubai will spend $32 billion on expanding its second airport to handle over 200 million people annually next decade, roughly triple the current level of passenger traffic through the emirate, airport authorities said on Monday.

  • *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.

  • Ukraine's hard sell - now is the time to invest Wednesday, 3 Sep 2014 | 10:31 AM ET

    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.