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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*Vessels appear to mask other ships' voyages to Syria, Libya. LONDON/ DUBAI, Dec 6- Iranian oil tankers are sending incorrect satellite signals that confuse global tracking systems and appear to conceal voyages made by other ships to Syria, which, like Iran, is subject to international sanctions.
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LAUNCESTON, Australia, Dec 6- Saudi Arabia is asking refiners in Asia to pay more for their January-loading crude, both in absolute terms and also relative to their counterparts in Northwest Europe.
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The United States has been leading efforts to stop a United Nations body extending its remit to cyberspace. The United States wants to restrict the debate to conventional telecoms and two of its three core recommendations have been approved, Kramer said.
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NEW YORK, Dec 5- A group of cotton traders have joined forces to develop the first global futures contract, seeking to supplant the century-old U.S. benchmark that they say is increasingly vulnerable to price-distorting squeezes.
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BRUSSELS/ BEIRUT- NATO told Syrian President Bashar al-Assad on Tuesday that any use of chemical weapons in his fight against encroaching rebel forces would be met by an immediate international response.
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DUBAI/ SAN FRANCISCO, Dec 4- A U.S. and Canadian proposal to protect the Internet from new international regulation has failed to win prompt backing from other countries, setting up potentially tough negotiations to rewrite a telecom treaty.
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WASHINGTON, Dec 4- U.S. diplomats are in talks with Ankara over the flow of gold from Turkey in exchange for Iranian natural gas, the State Department said on Tuesday.
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BEIRUT- NATO told Syrian President Bashar al-Assad on Tuesday that any use of chemical weapons in his fight against encroaching rebel forces would be met by an immediate international response.
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SANAA, Dec 4- Yemen began repairing its main Maarib oil pipeline and power lines on Tuesday after reaching a deal with tribesmen to stop attacking the country's infrastructure, an official said.
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Iran captured a U.S. drone that was flying in the country's airspace, its media reported on Tuesday. Iran said the aircraft had entered its airspace and would respond "decisively" to any encroachments into its airspace.
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WASHINGTON, Dec 4- U.S. diplomats are in talks with Ankara over the flow of gold from Turkey in exchange for Iranian natural gas, the State Department said on Tuesday.
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LONDON- Euro zone manufacturing remains mired in recession in November while Asian performance, with the exception of China, is subdued, underscoring a fragile and patchy global economy. -CHINA- PMI/, moved, by Lucy Hornby, 800 words.
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DUBAI, Dec 3- Bahrain Telecommunications Co has agreed to buy Cable& Wireless Communications' assets in Monaco and some islands in a deal worth up to $1 billion, hoping growth overseas will offset falling revenue and market share at home.
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With the rising tide of stricter regulation in traditional financial centers, more investors from around the world are now using the Middle East to trade in foreign currencies and commodities. A number of players are also jumping on the opportunities brought on by regional investors seeking higher returns amid a lackluster performance in equity and fixed-income markets.
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FRANKFURT, Nov 30- Closer ties with Turkish Airlines could keep Lufthansa in the race for longhaul flights to Asia and stem the flow of business to Gulf carriers. Turkish Airlines' Istanbul hub straddles Europe and Asia and is hours closer to Europe than Gulf airports.
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BRUSSELS, Nov 30- European Union member states are preparing to fight as a bloc alongside the United States to prevent a move by Russia and countries in Africa to impose a levy on internet traffic and make it easier to track users' activities.
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WASHINGTON, Nov 29- The U.S. Senate is set to consider a broader set of economic sanctions on Iran's energy, port, shipping and shipbuilding sectors, as lawmakers look for new ways to pressure Tehran to stop efforts to enrich uranium to levels that could be used in weapons.
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SINGAPORE, Nov 30- U.S. crude dropped below $88 per barrel on Friday as key budget talks to avert a looming fiscal disaster in the United States appeared to be stalling, denting the outlook for oil demand from the world's top consumer.
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Sudan is boosting its production of gold and other minerals to tap new sources for foreign currency after losing three-quarters of its oil output when South Sudan became independent in July last year.
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UNITED NATIONS- The U.N. General Assembly is set to implicitly recognize a sovereign state of Palestine on Thursday despite threats by the United States and Israel to punish the Palestinian Authority by withholding much-needed funds for the West Bank government.