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Business United Arab Emirates

  • RIYADH, Saudi Arabia— Saudi Arabia said Monday its forces had captured and were questioning three members of Iran's Revolutionary Guard who were intending to carry out an attack on a major offshore oilfield in the Persian Gulf. Saudi Arabia's Information Ministry said in a statement the three were onboard a boat carrying a large number of explosives headed...

  • DUBAI, June 19- Government-controlled Dubai Aerospace Enterprise plans to raise up to $2 billion in July to finance part of its acquisition of Dublin- based aircraft lessor AWAS, according to sources familiar with the matter. DAE is favoring a bond issuance in the United States, with a bond roadshow expected to start there early next month, the sources said.

  • DUBAI AEROSPACE TO RAISE UP TO $2 BLN IN JULY, FAVOURS BOND ISSUANCE IN UNITED STATES- SOURCES.

  • DUBAI AEROSPACE EXPECTED TO START $2 BLN U.S.

  • DUBAI, June 19- Saudi Arabia's stock market surged on Monday after a regulatory official was quoted as predicting the bourse would enter MSCI's emerging market index sooner than most investors had expected, while the rest of the region was subdued. Mohammed El-Kuwaiz, vice chairman of the Capital Market Authority, was quoted as saying by the Asharq al-Awsat...

  • DOHA, June 19- Qatar's government is prepared to support local banks if foreign institutions withdraw deposits from them because of an economic boycott against Doha, the chief executive of the Qatar Financial Centre said on Monday. Yousef al-Jaida said institutions from Saudi Arabia, the United Arab Emirates and Bahrain, which broke off diplomatic and...

  • DUBAI, June 19- Commercial banks in the Gulf are examining their books and consulting lawyers to determine their strategies if the region's diplomatic crisis eventually forces them to sell off Qatari bonds and loans. So far, sanctions against Doha imposed by Saudi Arabia, the United Arab Emirates and Bahrain have stopped well short of compelling banks under...

  • DUBAI, United Arab Emirates— The Latest on the diplomatic crisis between Gulf nations and Qatar:. The European Union has thrown its weight behind Kuwaiti-led mediation efforts to help end the Gulf standoff over Qatar. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut ties with Qatar earlier this month and blocked air, sea and land traffic with the tiny...

  • QFC CEO: CANCELLED MIDDLE EAST ROADSHOW IN DUBAI THIS YEAR BECAUSE OF SAUDI-LED ECONOMIC BOYCOTT.

  • NEW YORK, June 19- U.S. index provider MSCI is all but sure to promote Argentina next week to its emerging market index after relegating the country to the frontier index since 2009, investors said, and some expressed worries that prices that ran up ahead of the move will fall after it is announced. Argentina's benchmark Merval stock index has risen 24 percent...

  • Saudi Arabia, the United Arab Emirates and Bahrain cut ties with Qatar on June 5 and announced that Qatari residents would have 14 days to leave. They also urged their own citizens in Qatar to leave and threatened imprisonment and fines for anyone who criticizes the measures. Prior to the diplomatic row, Qatari nationals could travel visa-free between Saudi...

  • DUBAI, United Arab Emirates— Saudi Arabia says it has disrupted an attack on a major offshore oilfield. A military statement published Monday on the state-run Saudi Press Agency said three boats "bearing red and white flags" raced toward its Marjan offshore oil field. Saudi Arabia did not say who it suspected in the disrupted attack.

  • DUBAI, June 18- Kuwait's ruler called on Sunday for Gulf Arab states to overcome a diplomatic dispute with Qatar that has led to the worst regional split in years, saying all parties had a duty to preserve regional unity. Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, who is leading mediation efforts after Saudi Arabia, the United Arab Emirates and Bahrain severed ties...

  • A man looks as the world's biggest Liquefied Natural Gas (LNG) tanker DUHAIL as she crosses through the Suez Canal. The Qatari tanker, which was built to transfer LNG from Qatar to Europe and the U.S., is on her first trip ever from Qatar to Spain.

    This comes two weeks after some Gulf Arab states severed ties with Doha.

  • *Dubai's Union Properties up on Al Ramz liquidity deal. *Big drop by Qatar National Bank drags down Doha. DUBAI, June 18- Most major Gulf stock markets fell on Sunday because of weak oil prices, but hopes that Saudi Arabia will join MSCI's group of emerging markets, which would trigger billions of dollars of fund inflows, buoyed that market.

  • DUBAI, June 18- Qatar's riyal is being quoted weaker than its peg against the U.S. dollar as Doha grapples with a diplomatic crisis, but that is the result of poor liquidity in the currency market rather than a serious threat to the peg, bankers in the region say. The riyal, officially fixed at 3.64 to the dollar since 2001, has been offered as low as 3.6680 since Saudi...

  • DUBAI, United Arab Emirates— The Trump Organization dissolved subsidiaries created to pursue business opportunities in Qatar six days after Donald Trump was inaugurated as America's 45th president, according to a new financial disclosure form filed on his behalf. In recent days, Trump repeatedly has accused Qatar of funding extremists amid an effort by...

  • DUBAI, June 17- Iran expects to sign a long-delayed gas deal with French oil major Total in the next few weeks, Iranian Oil Minister Bijan Zanganeh was quoted as saying on Saturday. "Iran and Total are summing up the discussions on signing the contract for the development of phase 11 of South Pars, and this is almost in the final stages," said Zanganeh, quoted by the oil...

  • DUBAI, June 17- Iran expects to sign a long-delayed gas deal with French oil major Total in the next few weeks, Iranian Oil Minister Bijan Zanganeh was quoted as saying on Saturday. "Iran and Total are summing up the discussions on signing the contract for the development of phase 11 of South Pars, and this is almost in the final stages," said Zanganeh, quoted by the oil...

  • DUBAI, United Arab Emirates— Social media platform Twitter has suspended the account of Al-Jazeera Arabic amid a wider diplomatic dispute between Qatar and Arab nations. Saudi Arabia has led other Arab nations in cutting diplomatic ties to Qatar on June 5 over allegations the nation supports extremists. Qatar long has denied that.