×

Business United Arab Emirates

  • Time for 'negotiation and dialogue, not confrontation': Qatar ambassador

    It's time for "negotiation and dialogue, not confrontation", Qatar's ambassador to the UK Yousef Ali Al-Khater said, discussing the Gulf's demands of Qatar.

  • Qatar has seen US proof that UAE orchestrated hack, ambassador says

    Qatar ambassador to the UK, Yousef Ali Al-Khater, said the country has seen evidence from US intelligence that the UAE orchestrated a hack on the Qatar's state media.

  • DUBAI/ DOHA, July 19- When is $300 billion not enough? That question is key to Qatar's future as some bankers and hedge funds speculate the super-rich state's vast financial reserves may not be liquid enough to defend its currency in the long term. Central bank governor Sheikh Abdullah bin Saud al-Thani said last week that Doha could employ about $340 billion of...

  • *Middle East rival to Uber launches in occupied West Bank. RAMALLAH, West Bank, July 18- Careem, a Middle Eastern rival to Uber, has become the first ride-hailing firm to operate in the Israeli-occupied West Bank. There is certainly a market for easier ride-hailing among the nearly 3 million Palestinians living in the West Bank, but the fact the mobile network is...

  • DUBAI, United Arab Emirates— One of Qatar's two telecommunications companies is struggling to bring its network online following a widespread outage. Vodafone competes against Ooredoo, formerly known as Qtel. The outage happened as Qatar remains locked in a dispute with four other Arab countries that have cut diplomatic ties and severed air, land and sea...

  • The Washington Post, quoting unnamed U.S. intelligence officials, reported Sunday that the UAE orchestrated the hacking and planted a false story that was used as a pretext for the crisis between Qatar and four Arab countries. The report said senior members of the Emirati government discussed the hacking plan a day before a story appeared on the official Qatar...

  • DUBAI, United Arab Emirates— Emirates, the Middle East's largest airline, and budget carrier flydubai have announced plans to more closely integrate their operations. The two airlines operate independently, but are owned by the same entity, the Investment Corporation of Dubai. Emirates Group and flydubai chairman, Sheikh Ahmed bin Saeed Al Maktoum, said Monday...

  • *Kazakhstan, Saudi Arabia, Egypt, Greece planning to sell assets. LONDON, July 17- Proposed changes to Britain's listing regime are likely to attract a series of state-backed companies to London's stock markets as governments in oil rich states prepare for a wave of asset sales. The move was applauded by Britain's financial lobby groups as helping to make sure the...

  • Bahraini Foreign Minister Khalid bin Ahmed al-Khalifa (L), Egyptian Foreign Minister Sameh Shoukry (C-L), Saudi Foreign Minister Adel al-Jubeir (C-R), and UAE Minister of Foreign Affairs and International Cooperation Abdullah bin Zayed Al-Nahyan (R) meet in the Egyptian capital Cairo on July 5, 2017, to discuss the Gulf diplomatic crisis with Qatar, as Doha called for dialogue to resolve the dispute.

    The UAE planted a false story on a Qatari site that was used as a pretext for the current diplomatic crisis, The Washington Post reported.

  • *UAE banks reluctant to take part for political reasons. DUBAI/ DOHA July 16- The refinancing of a $1 billion loan by Doha Festival City, a retail and hospitality complex in Qatar, has been indefinitely postponed as a diplomatic crisis deters regional banks from doing new Qatari business, bankers said. But Saudi Arabia, the UAE, Egypt and Bahrain cut diplomatic and...

  • DUBAI, United Arab Emirates— The Latest on developments in Qatar:. Jean-Yves Le Drian is the latest diplomat to visit the Gulf to try and help find a solution to the crisis between Qatar and Saudi Arabia, the United Arab Emirates, Bahrain and Egypt, which cut ties with the small Gulf nation in early June. The dispute between Qatar, on one side, and Saudi Arabia, the UAE,...

  • In early June, Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut ties with Qatar and moved to isolate the small, but wealthy Gulf nation, canceling air routes between their capitals and Qatar's and closing their airspace to Qatari flights. He was speaking to reporters in Qatar alongside Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman Al...

  • *Extended to firms using depositary receipts in London. LONDON, July 13- Britain wants to loosen rules on listing state companies in a move that could help London win the lucrative IPO of oil giant Saudi Aramco but which has raised fears for minority investors. "Investors believe a premium listed segment without these investor protections is not a premium...

  • Secretary of State Rex Tillerson's shuttle diplomacy aimed at ending the Gulf crisis between Qatar and four other Arab nations.:. Secretary of State Rex Tillerson says Qatar and its Arab neighbors are closer to sitting down to talk with each other. Qatar and the four neighbors that cut ties aren't speaking, and no meeting has been announced.

  • *Open to firms listed in London using depositary receipts. LONDON, July 13- Britain wants to loosen rules on listing state companies, a move that critics say is designed to help London win the lucrative IPO of Saudi Arabian oil giant Saudi Aramco but could weaken minority investor protection. "Investors believe, a premium listed segment without these investor...

  • LONDON, July 13- Britain wants to loosen rules on listing state companies, a move that critics say is designed to help London win the lucrative IPO of Saudi Arabian oil giant Saudi Aramco but could weaken minority investor influence. The new rules proposed by Britain's financial watchdog on Thursday would create a new listing category for companies controlled...

  • Britain has proposed a loosening of rules on stock market listings by state companies, just as the London Stock Exchange is trying to win the IPO of Saudi Arabian oil giant Saudi Aramco.

  • LONDON, July 13- Britain has proposed a loosening of rules on stock market listings by state companies, just as the London Stock Exchange is trying to win the IPO of Saudi Arabian oil giant Saudi Aramco, a potentially huge but controversial prize. The new rules proposed by Britain's financial watchdog would create a new listing category for companies controlled...

  • *Qatar- Gulf row threatens petrodollar repatriation. The diplomatic spat-- in which a number of Gulf states cut links with Qatar over alleged support for terrorism, which Doha denies-- comes as U.S. and European central banks are already fuelling a rise in global borrowing costs by preparing to unwind years of super-easy credit. Qatar has already battled to steady...

  • *Qatar- Gulf row threatens petrodollar repatriation. The diplomatic spat-- in which a number of Gulf states cut links with Qatar over alleged support for terrorism, which Doha denies-- comes as U.S. and European central banks are already fueling a rise in global borrowing costs by preparing to unwind years of super-easy credit. Qatar has already battled to steady...