Business United Arab Emirates

  • *Poses big threat to rivals in Europe and elsewhere. *UberEats launches in Amsterdam, five other cities this week. In a measure of rising ambition beyond its taxi business, Uber will begin delivering meals in Amsterdam on Thursday just as Dutch market leader Takeaway.com, begins trading on the city's stock market.

  • UberEATS app

    Uber is making a broad international push into takeaway meal deliveries, backed by a big staff recruitment and marketing campaign.

  • Showing its ambition to expand well beyond the core online taxi-hailing business, Uber announced on Tuesday the launch later this week of its UberEats meal delivery app service in Amsterdam, just as Takeaway.com, the local market leader in the Netherlands, is seeking a share listing. In addition, the company told reporters in Amsterdam that it will open the...

  • SINGAPORE, Sept 27- An international group that monitors money laundering said on Tuesday that Singapore should pursue more offenders involved in international cases and take more action to confiscate suspicious funds moving through the city-state. "Singapore maintains one of the lowest domestic crime rates in the world and therefore the bulk of...

  • In a sign of growing ambition beyond its taxi business, Uber is gearing up to deliver meals in Amsterdam this week just as Takeaway.com, the restaurant ordering leader in the Netherlands, lists on the Amsterdam stock market. The plan include 16 cities in 12 European countries ranging from Moscow to Madrid to Manchester, 11 new cities in nine Asian countries-...

  • RIYADH, Saudi Arabia— Saudi Arabia's King Salman is reducing the salaries and benefits of senior officials and the Cabinet cut bonuses for public employees on Monday, as lower oil prices continue to pinch the kingdom's economy. The royal decree orders a 20 percent reduction in the salaries of ministers, among them the king's successors: Crown Prince and...

  • *CIB top gainer in Egypt, but overall market volumes low. DUBAI, Sept 26- Saudi banking shares rallied on Monday after the central bank said it would deposit about 20 billion riyals at commercial lenders and introduce two new money market instruments to fight a surge in market interest rates caused by low oil prices. Blue-chip lenders Samba Financial Group and...

  • DUBAI, United Arab Emirates— Dubai Airports is boosting the number of specialized facilities to handle Airbus A380 planes at the Middle East's busiest airport as hometown carrier Emirates grows its fleet of the double-decker aircraft. The government-backed airport operator said Monday it plans to add 10 more A380 gates with air bridges at Dubai...

  • Current regulations on drones in the UAE, introduced in April 2015, relate mainly to commercial licensing and approving how companies use drones and are under constant development, al Dossari told reporters at a regional conference on drones in the UAE capital. "The Emirates Authority for Standardisation& Metrology is working on laws that will have a...

  • *Algeria minister says won't come out of meeting "empty-handed". SINGAPORE, Sept 26- Crude prices rebounded on Monday after Algeria's energy minister said the day before that all options were possible for an oil output cut or freeze at this week's informal meeting of OPEC producers. Members of the Organization of the Petroleum Exporting Countries will meet on...

  • *Asian shares steady but near 14- month high. S&P enjoys biggest 2- day rally in 2 months. LONDON, Sept 23- Stock markets were on course for their biggest weekly gain in two months on Friday after a week of central bank meetings which left investors still unconvinced that U.S. policymakers intend to put an end to an era of ultra-low interest rates.

  • SINGAPORE, Sept 23- Oil prices fell on Friday, pulled down by a sell-off following two sessions of strong rises and on caution ahead of a gathering of OPEC ministers next week in Algeria to discuss possible production cooperation to rein in global oversupply. Matt Stanley, a fuel broker at Freight Investor Services in Dubai, said that there was a lot of uncertainty...

  • DUBAI, United Arab Emirates— Aviation giants Airbus and Boeing Co. have received permission from the U.S. government to sell aircraft to Iran, part of landmark deals potentially worth some $50 billion in total following last year's nuclear accord. The next administration, however, may change that equation for Airbus and Boeing, whose possible deal with Iran...

  • *Egypt cancelled 3 consecutive wheat tenders after ban. CAIRO, Sept 21- Egypt has reversed its controversial zero-tolerance policy on the common grains fungus ergot, the government said on Wednesday, backtracking on an import regulation that had all but blocked its access to global wheat. Egypt, the world's largest buyer of wheat, has seen its imports grind to a...

  • *Egypt cancelled 3 consecutive wheat tenders after ban. CAIRO, Sept 21- Egypt has reversed its controversial zero-tolerance policy on the common grains fungus ergot, the government said on Wednesday, backtracking on an import regulation that had all but blocked its access to global wheat. Egypt, the world's largest buyer of wheat, has seen its imports grind to a...

  • *Egypt cancelled 3 consecutive wheat tenders after ban. CAIRO, Sept 21- Egypt has reversed its controversial zero-tolerance policy on the common grains fungus ergot, the government said on Wednesday, backtracking on an import regulation that had all but blocked its access to global wheat. Egypt, the world's largest buyer of wheat, has seen its imports grind to a...

  • ATHENS, Sept 21- Greece on Wednesday ratified a 7 billion-euro plan to turn a derelict former airport into one of Europe's biggest coastal resorts, as agreed with international lenders as a condition of fresh bailout aid. One abandoned plan was to create a financial district similar to London's Canary Wharf. Backed by Chinese conglomerate Fosun, an Abu Dhabi-...

  • The launch of the new $650 million facility in the eastern city of Fujairah on Wednesday will make it easier for hulking tanker ships known as "very large crude carriers" to load their cargo rather than have it ferried to them out at sea. Docking at Fujairah's Indian Ocean- facing port means the tankers will not have to sail through and back out the narrow Strait of...

  • DUBAI, United Arab Emirates— Airbus on Wednesday became the first airplane manufacturer to receive U.S. government permission to sell aircraft to Iran following last year's nuclear accord, getting final approval for a 17- plane sale that's part of a larger $25- billion deal. The next administration, however, may change that equation for Airbus and Chicago-...

  • DUBAI, United Arab Emirates— Airbus says US government grants license allowing it to sell first 17 planes in landmark Iran deal.