Business News United Arab Emirates

  • *Said to have peaked in China, global spread gathers pace. *Deaths in Iran rise to 16, highest outside China. DUBAI/ BEIJING, Feb 25- Iran's coronavirus death toll rose to 16 on Tuesday, the most outside China, increasing its international isolation as countries as far apart as South Korea and Italy stepped up emergency measures to curb the epidemic's global spread.

  • *Said to have peaked in China, global spread gathers. *Deaths in Iran rise to 16, highest outside China. DUBAI/ BEIJING, Feb 25- Iran's coronavirus death toll rose to 16 on Tuesday, the highest outside China, increasing its international isolation as dozens of countries from South Korea to Italy accelerated emergency measures to curb the epidemic's global spread.

  • *Deaths in Iran rise to 16, highest outside China. DUBAI/ BEIJING, Feb 25- Iran's coronavirus death toll rose to 16 on Tuesday, the most outside China, heightening its international isolation as dozens of worst-hit nations from South Korea to Italy accelerated emergency measures to curb the epidemic's global spread. Beyond mainland China, however, it has jumped to...

  • ABU DHABI, Feb 24- Abu Dhabi state investor Mubadala Investment Company will invest one billion euros in a new fund that the French public investment bank Bpifrance is launching next month, Finance Minister Bruno Le Maire said on Monday.

  • FRENCH FINANCE MINISTER SAYS ABU DHABI'S MUBADALA TO INVEST ONE BLN EUROS IN PLANNED FRENCH STATE-BACKED INVESTMENT FUND.

  • Feb 24- Stock markets in the Middle East suffered sharp losses on Monday, with Saudi shares falling the most, as the rapid spread of coronavirus cases outside China darkened the outlook for world growth. Global shares also extended losses as worries about the impact of the virus grew, with the number of infections jumping in Iran, Italy and South Korea.

  • *Trains between Italy and Austria resume. SEOUL/ SHANGHAI, Feb 24- Fears grew on Monday that the coronavirus outbreak in China will grow into a pandemic with disruptive and deadly consequences for countries around the world, after sharp rises in infections in South Korea, Italy and Iran. A surge of infections in South Korea and Italy, and an alarming rise in the death...

  • *Third patient dies from virus in Italy. *WHO most concerned about cases with no China link. SEOUL/ SHANGHAI Feb 23- International concern about the spread of coronavirus outside China grew on Sunday with sharp rises in infections in South Korea, Italy and Iran.

  • *WHO most concerned about cases with no China link. SHANGHAI/ SEOUL, Feb 23- China reported another fall in new coronavirus infections outside of its epicenter on Sunday, but world health officials warned it was too early to make predictions about the outbreak as new cases and fears of contagion increased elsewhere. But new infections outside of China continued...

  • DUBAI, Feb 22- Saudi Aramco said on Saturday it had received regulatory approval to develop Saudi Arabia's Jafurah non-associated gas field and expects production to start in early 2024.. The OPEC producer, the world's top oil exporter, aims to become a gas exporter by then. Aramco plans to invest $110 billion to develop Jafurah, state news agency SPA said on...

  • DUBAI, Feb 22- Anti-Western hardliners are set to sweep Iran's parliamentary elections and appear favourites to clinch the presidency next year, but an economic crisis could force them to engage with the United States despite their tightening grip on power. Tehran has ruled out any talks with Washington unless it lifts crippling sanctions reimposed on Iran...

  • *China changes methodology for counting cases. The deserted shopping malls and cinemas of Daegu, a city of 2.5 million people, became one of the most striking images outside China of an outbreak that international authorities are trying stop from becoming a global pandemic. And in China, where the virus has killed more than 2,100 people and infected nearly...

  • SEOUL/ BEIJING, Feb 20- The streets of South Korea's fourth-largest city were abandoned on Thursday, with residents holed up indoors after dozens of people caught the coronavirus in what the authorities described as a "super-spreading event" at a church. The deserted shopping malls and cinemas of Daegu, a city of 2.5 million people, became one of the most striking...

  • SEOUL/ BEIJING, Feb 20- The streets of South Korea's fourth-largest city were abandoned on Thursday, with residents holed up indoors after dozens of people caught the coronavirus in what the authorities described as a "super-spreading event" at a church. The deserted shopping malls and cinemas of Daegu, a city of 2.5 million people, became one of the most striking...

  • SEOUL/ BEIJING, Feb 20- Scores of new coronavirus cases and a first death in South Korea fanned fears on Thursday of the global spread of the pathogen as research suggested it was more contagious than thought and China appealed to its Southeast Asian neighbours for solidarity. China, where the virus emerged in December, reported a sharp drop in new cases but the...

  • PETROFAC AWARDED $40 MILLION PROJECT BY SHARJAH NATIONAL OIL CORPORATION- PRESS RELEASE.

  • *New infections fall in China's Hubei province. *China cuts benchmark lending rate as virus hits economy. You want your capital as far away from China as possible, "said Chris Weston, Melbourne- based head of research at broker Pepperstone.

  • *New infections fall to 349 in Hubei province. *Iran deaths bring toll outside mainland China to 8. BEIJING, Feb 20- China reported a dramatic drop in new coronavirus infections on Thursday although scientists warned the flu-like pathogen may spread even more easily than previously believed, while more passengers disembarked a quarantined cruise ship off...

  • A general view of the DP World's London Gateway, container port at Corringham, east of London on April 10, 2017.

    DP World's delisting from the Nasdaq Dubai is "negative" for the bourse, but doesn't represent a huge setback for the overall regional market, said Nishit Lakhotia, head of research at Sico.

  • Feb 18- SoftBank Group Corp has pumped $2.5 billion of its own cash into new investments since October, people familiar with the matter said, hoping to restore its money-making credentials as it courts investors for a successor to its Vision Fund. SoftBank Chief Executive Masayoshi Son said last week the company may spend up to two years investing its own money...