Dubai
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Home to the most extensive retail space on the planet, Dubai has the capacity to pack in the shops. But locals are also spending on luxury abroad, a lucrative opportunity as Desiree Bollier, CEO of Value Retail, explains.
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*U.N. says Syria conflict a humanitarian catastrophe. LONDON, May 17- Syria has managed to increase its grain imports in recent months after a period when it was less active on international markets, traders say, a development that suggests President Bashar al-Assad has found a way to feed his people despite war.
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SINGAPORE, May 17- London copper futures edged lower on Friday to remain on course to end a three-week upward streak, undermined by a firmer dollar and indications that demand from top consumer China is unlikely to pick up strongly as Beijing shuns stimulus measures.
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SINGAPORE, May 16- Singapore Airlines Ltd reported weaker-than-expected full-year results and warned of a deteriorating environment as it struggles to cope with the rapid emergence of Gulf carriers and low cost Asian rivals.
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The Gulf's clout as an international tourism destination is growing, with 15 million visitors expected in Dubai alone by 2015. Arne Sorenson, CEO of Marriott International, tells CNBC how he's looking to capitalize on shifting trends in the region.
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Home to the most extensive retail space on the planet, Dubai has the capacity to pack in the shops. But locals are also spending on luxury abroad, a lucrative opportunity as Desiree Bollier, CEO of Value Retail, explains.
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NEW YORK, May 15- Qatar Airways' top executive said the Middle Eastern carrier wants to be a launch customer for Boeing Co's forthcoming 777 X mini-jumbo jet, and that the airline plans to open at least three new routes to the United States in the next 12 to 18 months. "
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CAIRO, May 15- Egypt said on Wednesday it had settled disputes with the Dubai- based developer DAMAC involving projects dating back to the Mubarak era- an agreement the government hopes will reassure prospective investors.
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NEW YORK, May 15- Qatar Airways' top executive said the Middle-Eastern carrier wants to be a launch customer for Boeing Co's forthcoming 777 X mini-jumbo jet, and that the airline plans to open at least three new routes to the U.S. in the next 12 to 18 months. "
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*Turkey's monetary policy mix is unusually intricate. DUBAI, May 15- When Turkey's central bank cut interest rates last month, its decision aroused a mixture of approval, criticism and sheer confusion about exactly what the decision aimed to achieve.
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DUBAI, May 15- A drive for tighter regulation of Saudi Arabia's stock market may help to break the hold of short-term speculators on share prices, making the market more attractive to local and foreign institutional investors.
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KUWAIT, May 15- A ruling by Kuwait's top court next month could end a period of relative political stability, jeopardising government plans to push ahead with long-delayed economic projects.
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Two contestants are from civil war-ravaged Syria, including a singer-composer whose bus was ambushed by gunmen en route to her audition and a music student who brought judges to tears with a song lamenting the devastation of his hometown of Aleppo.
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Global hotel brands' aggressive expansion in the Arabian Gulf is helping to drive profits and offset markets hit by the Arab uprisings, hotel group CEOs told CNBC.
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Christopher Fix, CEO of Dubai Mercantile Exchange says Asia has come to recognize the need to have a pricing center closer to the region's source of crude oil supplies.
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Two companies with major operations in India were the weak links that opened the door to a $45 million global cyber heist brought to light by U.S. authorities this week.
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DUBAI/ BOSTON, May 11- Two companies with major operations in India were the weak links that opened the door to a $45 million global cyber heist brought to light by U.S. authorities this week.
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DUBAI/ NEW YORK, May 11- One of the credit card processing companies whose security was breached in a $45 million global cyber heist was India's ElectraCard Services, according to two people familiar with the situation.
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DUBAI, May 10- A Middle Eastern bank that fell victim to a major cyber fraud said on Friday that none of its customers had lost any money in a scam which it believed had also caught up lenders in the United States and beyond.
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DUBAI, May 10- National Bank of Ras Al Khaimah said on Friday that none of its customers had lost any money as a result of a cyber fraud which resulted in a loss at the Gulf bank in 2012..
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*Raises demand for OPEC crude forecast by 90,000 bpd. *OPEC sees downside risk to 2013 oil demand growth. LONDON, May 10- OPEC will need to pump slightly more oil than it thought in 2013 and expects global consumption to be much higher in the rest of the year, signs of a stronger market that argue against any calls for supply restraint when the group meets on May 31.
