Asia Top News and Analysis Dubai

  • *Abu Dhabi's Dana Gas adds on share buyback plan. March 18- Saudi Arabia's benchmark stock index closed at its highest in nearly four years on Monday as bank shares rose on its first day as a member of FTSE Russell's emerging-market index, which is expected to attract billions in passive fund inflows. In the short term, the upside is limited since this was a...

  • RIYADH, March 18- Saudi Arabia's listed companies could see holdings by foreign investors rise to 10 percent when their shares are included in index providers MSCI and FTSE's emerging-market indices, the chief executive of Tadawul told Reuters on Monday. Tadawul is the Middle East's largest exchange and Saudi Arabia's main exchange. Hussan said he estimates...

  • MANAMA, March 18- As the weekend kicks off in Bahrain, Saudi Arabian and Kuwaiti cars jam the capital's roads and hotel lobbies fill with visitors looking for bars, restaurants and other night-time entertainment. Saudi Arabia, along with Kuwait and the United Arab Emirates, came to the rescue of Bahrain last year when a prolonged period of lower oil prices pushed...

  • markets mixed@ DUBAI, March 17- Saudi stocks dipped slightly on Sunday, a day ahead of the market's inclusion in the FTSE Russell's emerging market index, while other Gulf markets were mixed with Qatar down 1.1 percent on weakness in banks and real estate firms. "We can reasonably expect between 90 billion to 100 billion riyals inflows," said Muhammad Faisal Potrik,...

  • There 'has to be' a US-China trade deal: DP World CEO

    Sultan Ahmed bin Sulayem, chairman of DP World discusses his company's role in global trade and weighs in on the U.S.-China negotiations.

  • DUBAI/ ABU DHABI, March 14- Abu Dhabi state investor Mubadala has suspended any new business dealings with Goldman Sachs since its subsidiary filed a lawsuit in November against the U.S. bank and others to recover losses suffered through its dealings with Malaysian state fund 1 MDB. Over the last few years, New York- based Goldman has ranked among the top banks for...

  • March 13- Aviation regulators around the globe are grounding Boeing's 737 MAX aircraft following Sunday's deadly plane crash in Ethiopia. Regulators in the United States, where Boeing is based, remained an exception. AUSTRALIA'S CIVIL AVIATION SAFETY AUTHORITY.

  • March 12- Major European nations, including Britain, Germany and France, joined a wave of suspensions of Boeing Co's 737 MAX aircraft on Tuesday following the latest fatal crash involving the jet. European Aviation Safety Agency also suspended all flight operations of the plane in the European Union. Australia's Civil Aviation Safety Authority said it had...

  • Aerial View Of City Buildings During Sunset

    In Dubai, technology is changing the way levels of satisfaction are measured.

  • ADDIS ABABA/ SINGAPORE, March 12- Singapore, Australia, Malaysia and Oman became the latest nations to suspend Boeing 737 MAX aircraft on Tuesday, while identification of the Ethiopian crash's 157 victims dragged and black boxes were yet to yield the cause. Sunday's disaster- following another fatal crash of a 737 MAX jet in Indonesia five months ago- has caused...

  • *Singapore and Australia latest to suspend Boeing 737 MAX. ADDIS ABABA/ SINGAPORE, March 12- Singapore and Australia became the latest nations to suspend Boeing 737 MAX aircraft on Tuesday, while identification of the Ethiopian Airlines crash's 157 victims dragged and black box recorders were yet to yield the cause. Sunday's disaster- following another fatal...

  • March 12- Authorities across the globe have taken steps to ensure airlines refrain from operating the Boeing 737 MAX 8 aircraft in the aftermath of the fatal crash of a plane of the same type operated by Ethiopian Airlines on Sunday. China and Indonesia have grounded Boeing 737 MAX 8 aircraft operated by their airlines, Singapore and Australia suspended...

  • *No 737 MAX jets can operate in and out of Singapore, Australia. *Boeing enhancing flight control software after Lion Air crash. SINGAPORE, March 12- Singapore and Australia suspended operations of all Boeing 737 MAX aircraft in and out of their airports on Tuesday, and Indonesia and China grounded their fleets of the U.S. planemaker' s latest model after it suffered...

  • *OPEC has led supply cuts this year to prop up prices. *Venezuela crisis hits oil exports: https://tmsnrt.rs/2NXpv3C. SINGAPORE, March 12- Oil prices rose on Tuesday, as OPEC's de facto leader Saudi Arabia appeared to deepen the group's supply cuts aimed at tightening markets, although gains were capped by the ongoing surge in U.S. supply and worries over the global...

  • DUBAI/ PARIS, March 11- Airlines from North America to the Middle East kept flying the 737 MAX 8 on Monday after Boeing said it was safe, in stark contrast with a slide in the planemaker's shares on worries over Sunday's Ethiopian Airlines crash that killed all 157 on board. It was the second such incident involving the latest model of the plane since October, when all...

  • March 11- China and Indonesia have grounded Boeing 737 MAX 8 aircraft operated by their airlines in reaction to the fatal crash of a plane of the same type operated by Ethiopian Airlines on Sunday. Ethiopian Airlines has also grounded its MAX 8 jets. Boeing has said the investigation into the crash remains in its early stages and it has no basis to issue new...

  • DUBAI, March 11- Mark Mobius has "governance" concerns over investing in shares or bonds that could be issued by Saudi Aramco in future because of Riyadh's control over the oil giant, the emerging markets investor said on Monday. Mobius said he would not invest in Aramco's bonds unless the risk-reward ratio is balanced by high interest rates, which would have to be...

  • DUBAI/ RIYADH, March 11- Big investors in Saudi Arabia are pushing ahead with deals and pouring money back into its stock market as the kingdom tries to move on from the murder of Saudi journalist Jamal Khashoggi. His killing at the hands of Saudi agents in October strained ties with Western allies and Riyadh is keen to repair its image. Deterred by the case, some...

  • *Ethiopian Airlines, Cayman Airways also ground jets. *Cause of Ethiopian Airlines crash not known. An Ethiopian Airlines 737 MAX 8 bound for Nairobi crashed minutes after take-off on Sunday, killing all 157 people on board and prompting the carrier to ground the rest of its fleet of the jets.

  • DUBAI, March 8- Iran and France are to exchange ambassadors after Paris suspended nomination of an envoy to Tehran last year over accusations that Iranian intelligence had planned an attack on an opposition group in Paris, official reports said. In Tehran, the Iranian Foreign Ministry's website said on Friday that Iran has named Bahram Qasemi, the ministrys...