Business United Arab Emirates

  • The $622- million purchase by the Qatar Investment Authority comes as the Doha fund increases its investments in the U.S. as the small country on the Arabian Peninsula tries to cope with low global oil and gas prices. The trust owns a total of 14 office properties and six retail properties around the New York area. Tiny Qatar, an OPEC member, is a strong regional ally...

  • DUBAI, Aug 24- Saudi Arabia's powerful Deputy Crown Prince Mohammed bin Salman will discuss the kingdom's drive to cut its reliance on oil exports in visits to China and Japan that begin next week, Saudi media and sources said on Wednesday. From Japan, Prince Mohammed will return to China to chair Saudi Arabia's delegation to the Sept. 4-5 summit of leaders of the...

  • *Chinese firms in running for K-Electric. SINGAPORE/ ISLAMABAD, Aug 24- Chinese state-backed firms are frontrunners to buy a $1.5 billion controlling stake in Pakistani utility K-Electric, sources said, as they bet the benefits of a Beijing- led economic corridor will trump the risks of investing in Pakistan. "The China-Pakistan Economic Corridor is the main...

  • LAUNCESTON, Australia, Aug 23- A surge in China's diesel exports last month to record levels is probably the last thing refiners in the rest of Asia wanted to hear, but they should probably worry more about rising crude oil prices. For example, the premium of gasoil, the broad term for middle distillates that include diesel, in Singapore over Dubai crude averaged...

  • LAUNCESTON, Australia, Aug 23- A surge in China's diesel exports last month to record levels is probably the last thing refiners in the rest of Asia wanted to hear, but they should probably worry more about rising crude oil prices. For example, the premium of gasoil, the broad term for middle distillates that include diesel, in Singapore over Dubai crude averaged...

  • The deal would represent the third-largest in the ad tech industry, after Alphabet Inc unit Google's acquisition of DoubleClick and Microsoft Corp's deal for aQuantive. Media.net, a Yahoo Inc ad partner, attracted seven bidders, including a publicly listed company based in the United States. Media.net, which is based in Dubai and New York, gets 90 percent of its...

  • Aug 22- Advertising technology startup Media.net said on Monday it had been acquired for about $900 million in cash by a group of Chinese investors. Zhiyong said Miteno will now focus on expanding Media.net' s presence in China, following the company's successful run in the United States. The company is based in Dubai and New York and is led by technology...

  • SARAJEVO, Aug 21- Abdulah Al Sanousi enjoys the breeze in the lush resort outside Sarajevo where his family bought a flat to escape the summer heat at home in Kuwait, one of thousands of new Gulf buyers whose investment has polarized local opinion. They discovered mountainous Bosnia, where half the population is Muslim, after the Arab Spring which destabilised...

  • SARAJEVO, Aug 21- Abdulah Al Sanousi enjoys the breeze in the lush resort outside Sarajevo where his family bought a flat to escape the summer heat at home in Kuwait, one of thousands of new Gulf buyers whose investment has polarized local opinion. They discovered mountainous Bosnia, where half the population is Muslim, after the Arab Spring which destabilized...

  • LONDON, Aug 22- Graham had been trying to grab some sleep at home before a busy night's work when his phone started buzzing with text messages. It was 10 p.m. on June 23, and voting had just ended in Britain's referendum on its future in the European Union. The text messages were from sales staff at the international bank where London- based Graham works as a proprietary...

  • SARAJEVO, Aug 21- Abdulah Al Sanousi enjoys the breeze in the lush resort outside Sarajevo where his family bought a flat to escape the summer heat at home in Kuwait, one of thousands of new Gulf buyers whose investment has polarized local opinion. They discovered mountainous Bosnia, where half the population is Muslim, after the Arab Spring which destabilised...

  • SARAJEVO, Aug 21- Abdulah Al Sanousi enjoys the breeze in the lush resort outside Sarajevo where his family bought a flat to escape the summer heat at home in Kuwait, one of thousands of new Gulf buyers whose investment has polarized local opinion. They discovered mountainous Bosnia, where half the population is Muslim, after the Arab Spring which destabilized...

  • KUALA LUMPUR/ SYDNEY/ LONDON, Aug 19- U.S. investment bank JPMorgan will include Islamic bonds, or sukuk, in its emerging markets indices for the first time from later this year, widening the appeal of Islamic instruments among global debt investors. Dollar-denominated sukuk from Turkey, Malaysia and Indonesia will be included in JPMorgan's flagship EMBI Global...

  • KUALA LUMPUR/ SYDNEY/ LONDON, Aug 19- U.S. investment bank JPMorgan will include Islamic bonds, or sukuk, in its emerging markets indices for the first time from later this year, widening the appeal of Islamic instruments among global debt investors. Dollar-denominated sukuk from Turkey, Malaysia and Indonesia will be included in JPMorgan's flagship EMBI Global...

  • DUBAI, United Arab Emirates— One of the world's largest international port operators, DP World, has announced a 50- percent rise in profits of $609 million attributable to shareholders for the first half of the year. DP World's acquisitions of Dubai's Jebel Ali Free Zone and Canada's Prince Rupert Terminal attributed to some of that growth.

  • DUBAI, Aug 18- DP World, one of the world's largest port operators, is delaying the expansion of Dubai's Jebel Ali port, its main facility, because of softer market conditions, the company said on Thursday. The company had announced in July 2015 that it would invest $1.6 billion in Terminal 4, which was to be completed by 2018. Jebel Ali handles shipments not only for...

  • ISTANBUL— A Qatar Airways passenger jet with over 300 people on board made an emergency landing at Istanbul's main airport Thursday after an engine caught fire, the airline said, blaming a "bird strike" for the blaze. Video footage showed flames spitting out of the left engine of the Airbus 330 as it prepared to land at Istanbul's Ataturk Airport.

  • DUBAI, Aug 18- DP World, one of the world's largest port operators, is delaying the expansion of Dubai's Jebel Ali port, its main facility, because of "softer market conditions," the company said on Thursday. The company had announced in July 2015 that it would invest $1.6 billion in Terminal 4, which was to be completed by 2018. Also on Thursday, DP World reported a 50...

  • *Kuwait, Bahrain, Gulf firms also being pushed to market. Saudi Arabia, its finances strained by low oil prices, is expected to make its market debut in September. Bahrain has also chosen banks for an issue, while Kuwait has said it may sell up to $10 billion of conventional bonds and sukuk in global markets during the fiscal year to next March.

  • ZURICH, Aug 17- Swiss private bank Falcon has been blocked from taking on new business in Singapore by the local central bank and financial regulator, Swiss newspaper Finanz und Wirtschaft said on Wednesday, citing information it had obtained. Falcon is one of the banks under investigation by the Monetary Authority of Singapore for a possible breach of...