GO
Loading...

Enter multiple symbols separated by commas

Business United Arab Emirates

More

  • Foreign investors try to tap into Iran Monday, 20 Jul 2015 | 1:00 AM ET

    LONDON/ NEW YORK, July 20- A few investors are racing to establish funds for Iran following last week's nuclear deal with world powers, and many others are tapping into multinationals already present in the $400 billion economy. Brokerage Renaissance Capital predicts $1 billion will flow into Iran in the first year after sanctions end, although that is not...

  • DUBAI, July 16- Bond issues by Saudi Arabia's government are expected to be worth tens of billions of dollars by the end of 2015 as the state ramps up debt sales to plug a hole in finances created by low prices for oil exports. Central bank governor Fahad al-Mubarak announced last week that Riyadh had sold its first sovereign bonds since 2007, a 15 billion riyal...

  • July 15- A solar-powered plane halfway through an attempt to circle the globe will be grounded in Hawaii for at least nine months because of battery damage sustained during its record 118- hour flight to Oahu from Japan, the project team said on Wednesday. The batteries became overheated during the aircraft's initial climb after takeoff on June 29 from Nagoya,...

  • WASHINGTON, July 15- President Barack Obama, seeking to sell the Iran nuclear deal to skeptical U.S. lawmakers and nervous allies, insisted on Wednesday the landmark agreement was the only alternative to a nuclear arms race and more war in the Middle East. Obama made his case in a nationally televised news conference responding to critics at home and abroad after...

  • How to spend $100 bln? Policy headaches loom for Iran Wednesday, 15 Jul 2015 | 9:52 AM ET

    *Trade and investment boom could destabilise economy. *Mismanaging inflows might be worse than sanctions. DUBAI, July 15- How to spend $100 billion may sound like a pleasant problem to have, but it is one of several economic policy headaches looming for Iranian President Hassan Rouhani after this week's nuclear deal promised to lift sanctions crippling the...

  • July 15- A solar-powered plane halfway through an attempt to circle the globe will be grounded in Hawaii for at least nine months because of battery damage sustained during its record 118- hour flight to Oahu from Japan, the project team said on Wednesday. The batteries became overheated during the aircraft's initial climb after takeoff on June 29 from Nagoya,...

  • DUBAI, July 14- Iran is preparing for a trade and investment boom that could reshape the region after agreeing with world powers to curb its nuclear programme, paving the way for sanctions that have stifled its economy to be lifted. With just under 80 million people and annual output of some $400 billion, Iran is set to be the biggest economy to rejoin the global...

  • 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...