Business United Arab Emirates

  • President-elect Donald Trump and the UK government to increase spending on infrastructure. "There is a strong intent by the governments, be it the new administration of president-elect Trump or be it here in the UK to continue to be steadfast or even significantly increase investment into infrastructure... that plays very much into our strengths," Atkins' Chief...

  • DUBAI, Nov 16- Abu Dhabi bank shares surged on Wednesday because of renewed speculation that the government might merge more banks as part of an efficiency drive, while other regional markets rebounded, encouraged by strong global bourses and oil prices. The Abu Dhabi index jumped 2.6 percent, its largest single-day gain since June, but trading volume continued...

  • *Foreign holdings of government securities rise $700- 900 million. DUBAI, Nov 16- Egyptian authorities are happy with financial market movements since they floated the pound, and inflows of foreign exchange into the banking system are surging, deputy finance minister Ahmed Kouchouk said on Wednesday. "Banks are competing, we are seeing that rates are...

  • Nov 15- German container shipping line Hapag-Lloyd is set to secure EU antitrust approval for its merger with United Arab Shipping Company after the latter agreed to pull out from some vessel sharing agreements, two people familiar with the matter said on Tuesday. The combined company, valued at about 7 to 8 billion euros, would be the world's fifth largest...

  • *SFO is probing Barclays' 2008 financial arrangements with Qatar. LONDON, Nov 15- The UK Serious Fraud Office is pressing for a civil lawsuit against Barclays by former senior investment banker Richard Boath to be heard in private to avoid prejudicing its investigation into the bank's 2008 emergency fundraising. The agency has said it expects to decide whether...

  • *Saudi's National Commercial Bank hit by heavy profit-taking. *DXB Entertainments, Qatar First Bank rise on MSCI. DUBAI, Nov 15- Stock markets in Saudi Arabia and Egypt continued pulling back on Tuesday after big rallies earlier this month, while some individual stocks in the United Arab Emirates and Qatar moved sharply after MSCI adjusted its indexes.

  • LONDON/ MOSCOW, Nov 15- The Mediterranean is rapidly becoming the world's most oversupplied oil market, as exports from OPEC heavyweights Iraq and Iran, rising star Kazakhstan and the return of Libyan crude force traders to get creative in marketing their barrels. Looking at combined exports of major grades from OPEC members Iran, Algeria and Libya, together...

  • SYDNEY, Nov 15- Zinc rose sharply at the start of trade on the Shanghai futures Exchange, following the London contract, which also gained on expectations of a pick up in demand in China for steel alloys. *Rio Tinto debates Guinea payments at London board meeting. *A joint venture between the UAE and Singapore plans to invest $120 million in Abu Dhabi's industrial...

  • *Egypt blue chips fall back after spectacular run. *Qatar weak as 12 of 13 MSCI shares decline. DUBAI, Nov 14- Profit-taking hit stocks in Egypt and Saudi Arabia on Monday following strong rallies in both markets, while general weakness in emerging markets dragged down the United Arab Emirates and Qatar.

  • CAIRO, Nov 14- A $12 billion loan by the International Monetary Fund to Egypt highlights the extent of the multilateral lender's re-engagement with the Middle East and the risks of a backlash against governments carrying out painful reforms return for the aid. After IMF-inspired spending cuts triggered riots in Algeria, Jordan and Sudan, many governments...

  • DUBAI, Nov 13- Egypt's stock market gained for a 12th straight session on Sunday after the International Monetary Fund approved a $12 billion loan for the country, while Saudi Arabia rose, bucking a downtrend in the rest of the Gulf. The IMF loan approval had been widely expected, but it added fresh fuel to a rally caused by Egypt's decision to float its currency on...

  • DUBAI, Nov 11- Gulf executives who were upset by Donald Trump's campaign trail comments about Muslims took a conciliatory tone following his election victory and said they were open for business with the United States. Nevertheless, Arab business figures were angry about Trump's campaign calls for Muslims to be banned from entering the United States,...

  • DUBAI, Nov 11- Gulf executives who were upset by Donald Trump's campaign trail comments about Muslims took a conciliatory tone following his election victory and said they were open for business with the United States. Nevertheless, Arab business figures were angry about Trump's campaign calls for Muslims to be banned from entering the United States,...

  • DUBAI, Nov 11- Gulf executives who were upset by Donald Trump's campaign trail comments about Muslims took a conciliatory tone following his election victory and said they were open for business with the United States. Nevertheless, Arab business figures were angry about Trump's campaign calls for Muslims to be banned from entering the United States,...

  • DUBAI, Nov 11- Gulf executives who were upset by Donald Trump's campaign trail comments about Muslims took a conciliatory tone following his election victory and said they were open for business with the United States. Nevertheless, Arab business figures were angry about Trump's campaign calls for Muslims to be banned from entering the United States,...

  • DUBAI, Nov 11- Gulf executives who were upset by Donald Trump's campaign trail comments about Muslims took a conciliatory tone following his election victory and said they were open for business with the United States. Nevertheless, Arab business figures were angry about Trump's campaign calls for Muslims to be banned from entering the United States,...

  • DUBAI, Nov 11- Gulf executives who were upset by Donald Trump's campaign trail comments about Muslims took a conciliatory tone following his election victory and said they were open for business with the United States. Nevertheless, Arab business figures were angry about Trump's campaign calls for Muslims to be banned from entering the United States,...

  • DUBAI, Nov 11- Gulf executives who were upset by Donald Trump's campaign trail comments about Muslims took a conciliatory tone following his election victory and said they were open for business with the United States. Nevertheless, Arab business figures were angry about Trump's campaign calls for Muslims to be banned from entering the United States,...

  • How the UAE is capitalizing on Brexit

    Ras Al Khaimah Tourism Development Authority CEO, Haitham Mattar, talks about how the United Arab Emirates will fare in terms of tourism, following the U.S. Election and Brexit.

  • Ras Al Khaimah sees 28% rise in UK tourists

    Ras Al Khaimah Tourism Development Authority CEO, Haitham Mattar, explains why tourists may pick Ras Al Khaimah over other popular UAE destinations like Dubai.