GO
Loading...

Enter multiple symbols separated by commas

United Arab Emirates

More

  • DUBAI, July 14- Iran and the West could not have agreed a nuclear deal this week without the backing of Supreme Leader Ayatollah Ali Khamenei, who set aside his deep mistrust of the United States to end decades of Iranian isolation. Iran and world powers reached a deal on Tuesday on curbing Iran's nuclear programme for at least a decade in exchange for sanctions...

  • DUBAI, July 14- Arcapita, the Bahrain- based investment management firm, has acquired part of Saadiyat Beach Residences, a residential real estate complex in Abu Dhabi, the company said on Tuesday. Arcapita bought the asset from Mubadala Development, an Abu Dhabi state-owned fund with a mandate to develop the emirate's economy, Arcapita said in a statement.

  • LONDON, July 13- A bailout deal for Greece and Chinese shares' bounce to two-week highs helped lift emerging stocks by 1 percent on Monday, with the sharpest gains seen in eastern Europe. Euro zone leaders agreed on a roadmap to a possible third bailout for Greece after night-long haggling, sparking gains on equity and peripheral bond markets, even though the deal...

  • For Indians, paper gold can't beat the real thing Sunday, 12 Jul 2015 | 5:00 PM ET

    MUMBAI, July 13- India is meeting stiff resistance in its drive to make the buying of gold jewellery more transparent and to channel demand into paper gold to stop the metal being used to hide billions of dollars of undeclared' black money'. To track larger gold deals, this year's budget declared that, from June 1, customers would have to disclose their tax code, or...

  • Oil refiners' "mini golden era" will end soon - IEA Friday, 10 Jul 2015 | 8:47 AM ET

    LONDON, July 10- A brief period of high profitability for the world's oil refineries is likely to come to an end as quickly as it began, the International Energy Agency said on Friday. In the first quarter of this year, combined profits for the likes of BP, Royal Dutch Shell, Exxon Mobil, Total and Eni from refining and trading represented 60 percent of total earnings,...

  • *Abdullah al-Turifi to retire- sources. ABU DHABI/ DUBAI, July 9- The chief executive of the United Arab Emirates stock market regulator, Abdullah al-Turifi, is set to retire, four sources familiar with the matter said on Thursday, with the move possibly happening as early as the next few weeks. Turifi, thought to be in his late 50 s or early 60 s, has served since 2003 as...

  • TAIPEI, July 9- Foxconn founder Terry Gou has a vision of how to rewire the Taiwan firm that builds iPhones to cut dependence on Apple Inc, the client around which he built a $46 billion tech empire. With the latest version of Apple's smash hit smartphone having catapulted first-quarter profit 55 percent higher, investors have sent shares in Hon Hai Precision...

  • Canadian law firm Gowlings, Britain's WLG to merge Wednesday, 8 Jul 2015 | 8:42 AM ET

    TORONTO, July 8- Canadian law firm Gowlings has agreed to merge with Britain's Wragge Lawrence Graham& Co LLP in a deal that could lead to further international expansion, the two firms said on Wednesday. It will have more than 1,400 lawyers in Canada, the United Kingdom, Europe, Asia and the Middle East. Both operate in the United Kingdom, Russia and China, but Gowlings...

  • DUBAI, July 8- Arabtec, the largest construction company in the United Arab Emirates, has accepted the resignation of three senior members of staff as part of a reorganisation, it said on Wednesday. The three were Iyad Abdalrahim, group chief financial officer; Yazan Hatamleh, group chief human resources and administration officer; and Wassel al-Fakhoury, group...

  • SINGAPORE, July 8- Singapore's central bank says it is in contact with financial institutions in relation to Malaysia's probe into allegations hundreds of millions of dollars had been transferred to an account of Prime Minister Najib Razak. The Wall Street Journal reported last week that investigators looking into state-owned fund 1 MDB had traced nearly...

  • DUBAI, July 7- Prominent United Arab Emirates businessman Abdullah Ahmad al-Ghurair has donated more than $1 billion- a third of his business empire- to a foundation supporting education in the Arab world, a move highlighting growing philanthropy among the Middle East rich. The establishment of the Ghurair foundation comes days after Saudi Arabia's Prince...

  • Bent crude dived more than 6 percent on Monday to around $56 a barrel, pressured by the Greek debt crisis and volatility in China's stock markets, before recovering to around $57 on Tuesday. The 25- day correlation between Brent crude and Dubai's stock index has stayed below 0.3 for most of the time since the start of the June. Qatar slipped 0.3 percent as Barwa Real...

  • LAUNCESTON, Australia, July 2- One of the little mysteries this year in Asian oil markets has been the drop in China's diesel exports. Customs data show that China exported 1.303 million tonnes of diesel in the first five months of the year, a drop of 24 percent over the same period in 2014.. It would seem logical that they would have done so as diesel margins have held...

  • South Korea turns to cheap spot crudes as glut grows Thursday, 2 Jul 2015 | 1:05 AM ET

    SEOUL, July 2- Refiners in South Korea, the world's fifth-largest crude oil importer, have stepped up spot purchases this year, buying at prices depressed by an oil glut as they run their plants at high rates to catch strong processing margins. "Refining margins are firm thanks to rising demand triggered by weak oil prices, which has supported higher throughput...

  • DUBAI, July 1- Dubai- based Investbridge Capital, Centum Investment Company and education firm SABIS Holdings have agreed to set up a firm which will invest "hundreds of millions of dollars" establishing schools in Africa, the group said on Wednesday. "We expect to deploy hundreds of millions of dollars in the coming years," Mark DeSario, chief executive of...

  • *Heathrow plan provides greatest benefits, commission says. Proposals to expand Heathrow in densely populated west London are politically divisive and likely to fuel tensions in the ruling Conservative party. Cameron set the deadline after a government-appointed commission selected Heathrow, Britain's busiest airport, as the preferred location for...

  • *TAQA is only listed quasi-sovereign firm in Abu Dhabi. ABU DHABI/ DUBAI, June 30- Abu Dhabi may merge its national energy company into another state-owned business to make the company's crippling debts more manageable and try to turn around its performance, sources familiar with the matter told Reuters. Billions of dollars were spent on assets, with Canada and...

  • *Glencore seen as main competitor for coal assets deals. Davis set up X2 Resources in 2013 only months after commodity group Glencore took over Xstrata. His fund has raised about $5.6 billion and has six main private investors, which include commodity trader Noble Group and private equity group TPG Capital, an Abu Dhabi investment fund and a Canadian pension...

  • DUBAI, June 30- Dubai said it would construct a small office building using a 3 D printer for the first time, in a drive to develop technology that would cut costs and save time as the city grows. Dubai's one-storey prototype building, with about 2,000 square feet of floor space, will be printed layer-by-layer using a 20- foot tall printer, Mohamed Al Gergawi, the...

  • LONDON, June 30- X2 Resources, the private equity fund set up by former Xstrata boss Mick Davis, is now in initial bi-lateral talks to buy some of Rio Tinto's Australian coal assets, a source close to the situation said on Tuesday. The mining industry veteran is also considering buying some coal mines Anglo American has put up for sale in Australia, sources close to X2...