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Business United Arab Emirates

  • Secretary of State Rex Tillerson

    Qatar said on Saturday the Arab States' list of demands was not reasonable or actionable.

  • ABUJA/ LAGOS, June 23- Abu Dhabi state investment fund Mubadala has pulled out of Etisalat Nigeria after the telecoms firm failed to renegotiate a $1.2 billion loan taken out four years ago with 13 Nigerian banks, the central bank said on Friday. On Tuesday, parent company United Arab Emirates' Etisalat, said it was carrying its 45- percent stake at nil value, and that...

  • Amid Gulf blockade of Qatar, attempts to muzzle Al-Jazeera are likely to fail

    Saudi Arabia, United Arab Emirates and Egypt call for the closure of broadcaster Al-Jazeera

  • LOS ANGELES— The tallest building west of the Mississippi River opened its doors on Friday in once-stodgy downtown Los Angeles, which is sprouting a crop of new skyscrapers. Critics might argue that a spire rising nearly 200 feet above the top of the building should not count, but it meets the criteria of the Council on Tall Buildings and Urban Habitat, which lists...

  • Qatar's Emir Sheikh Tamim bin Hamad Al-Thani

    Saudi Arabia and other Arab countries that have cut ties to Qatar issued a steep list of demands to end a three-week diplomatic spat.

  • *Qatar Airways interested in buying 10 pct of American Airlines. *Qatar Airways says will first buy 4.75 pct. The move by Qatar Airways would expand its investments in North America as Qatar is embroiled in the region's worst diplomatic crisis in years and is locked in an airspace rights row with three other Gulf states.

  • *Qatar Airways interested to buy 10 pct of American Airlines. *Qatar Airways says it will first buy 4.75 pct. The move by Qatar Airways to buy a stake in American would expand the Gulf carrier's investments into North America against a turbulent diplomatic and global competitive backdrop.

  • *Qatar Airways interested to buy 10 pct of American Airlines. *Qatar Airways says it will first buy 4.75 pct. Operations at Qatar Airways were disrupted after four Arab nations cut diplomatic and economic ties with Qatar this month in the worst diplomatic crisis in the region in years.

  • June 22- American Airlines Group Inc said on Thursday that Qatar Airways, the Gulf country's state-owned airline, had expressed interest in buying as much as a 10 percent stake worth at least $808 million in the U.S. airline. Operations at Qatar Airways were disrupted after four Arab nations cut diplomatic and economic ties with Qatar this month in the worst...

  • *Riyadh up 6.8 pct since appointment of new crown prince. DUBAI, June 22- Saudi Arabia's stock market extended on the previous session's rally on Thursday as investors focused on shares likely to benefit from economic reforms and from MSCI's decision while Qatar rebounded as foreign funds were net buyers. The Riyadh index added 1.2 percent to a 20- month high of...

  • DALLAS— State-owned Qatar Airways is attempting to buy 10 percent of American Airlines, a surprising move that would trigger an antitrust review by the U.S. government and carry political and trade-policy implications. Qatar Airways, however, said it sees a "strong investment opportunity" in American and plans to be only a passive investor with no role in...

  • DUBAI, June 22- Etihad Airways is to open up its lounges to economy class passengers for a fee and will start charging for chauffeur services that had been complimentary as it joins rivals in looking for new ways to boost revenues. The changes, announced on Thursday, come amid a strategy review at the Abu Dhabi carrier as once rapidly expanding Gulf airlines face...

  • TOKYO, June 22- Oil turned lower on Thursday after posting gains earlier in the session as traders look ready to test new lows for crude prices with worries persisting over a global glut. Brent crude futures were down 15 cents at $44.67 a barrel at 0715 GMT, after spending much of the Asian trading day in positive territory. Since peaking in late February, crude has...

  • *180- cst fuel oil margins to Dubai crude turn positive. "Fuel oil, for years the junkyard dog of the barrel, is now at the forefront of everyone's minds," said Matt Stanley, a fuel broker at Freight Investor Services in Dubai. The spread between the 180- centistoke fuel oil swap and Dubai crude for July was at a premium of 27 cents a barrel on Wednesday, the first time the...

  • *U.S., Britain and Qatar congratulate Prince Mohammed. DUBAI, June 21- Saudi Arabia's King Salman made his son next in line to the throne on Wednesday, handing the 31- year-old sweeping powers as the kingdom seeks a radical overhaul of its oil-dependent economy and faces mounting tensions with regional rival Iran. Mohammed bin Salman replaces his cousin, Prince...

  • *U.S., Britain and Qatar congratulate Prince Mohammed. DUBAI, June 21- Saudi Arabia's King Salman made his son next in line to the throne on Wednesday, handing the 31- year-old sweeping powers as the kingdom seeks a radical overhaul of its oil-dependent economy and faces mounting tensions with regional rival Iran. Mohammed bin Salman replaces his cousin, Prince...

  • DUBAI, June 21- Saudi Arabia's King Salman made his son next in line to the throne on Wednesday, handing the 31- year-old sweeping powers as the kingdom seeks radical overhaul of its oil-dependent economy and faces mounting tensions with regional rival Iran. Mohammed bin Salman replaces his cousin, Prince Mohammed bin Nayef, a veteran security chief who led the...

  • DUBAI, United Arab Emirates— He is known as MBS and his rise through Saudi Arabia's corridors of power has been shockingly swift. At age 31, Mohammed bin Salman already controlled the kingdom's defense policy and was overseeing a massive internal economic overhaul with the backing of his father, King Salman. His sudden appointment Wednesday to the position of...

  • DUBAI, June 21- Saudi Arabia's King Salman made his son next in line to the throne on Wednesday, handing the 31- year-old sweeping powers as the kingdom seeks radical overhaul of its oil-dependent economy and faces mounting tensions with regional rival Iran. Mohammed bin Salman replaces his cousin, Prince Mohammed bin Nayef, a veteran security chief who led the...

  • DUBAI, United Arab Emirates— The Trump Organization's business partner in Dubai has signed an agreement to help develop a waterfront project in Oman valued at $1 billion. The state-run Oman News Agency reported that DAMAC Properties chairman Hussain Sajwani signed the deal in Muscat, the Omani capital, on Wednesday. DAMAC Properties has built one Trump golf...