Business News United Arab Emirates

  • DUBAI, Jan 12- A senior Iranian security official said on Sunday Iran had no intention to conceal the cause of the crash of a Ukrainian airliner which the Iranian military admitted it had mistakenly shot down, the state-run IRIB news agency reported.

  • Jan 12- All major Gulf stock markets opened higher on Sunday, extending their gains from the previous session, amid relief at no further escalation in tensions between Iran and the United States. President Donald Trump backed away from days of angry rhetoric against Iran as the two countries tried to defuse a crisis over the U.S. killing of Iranian military...

  • DUBAI, Jan 11- Dubai International, one of the world's busiest airports, canceled, diverted and delayed flights on Saturday due to heavy rain and flooding, Dubai Airports said. Dubai airport is the base of airlines Emirates and flydubai. Emirates said several flights to and from Dubai had been delayed.

  • ABU DHABI, Jan 11- The United Arab Emirates energy said on Saturday it was investing heavily to secure its energy resources. He said investments by foreign companies in the UAE energy sector reflected their confidence in the country's security. When asked for his oil demand forecast for 2020, the UAE minister said he was not worried.

  • United Arab Emirates' Energy Minister Suhail Al Mazrouei discusses concerns over the balance of the oil market with CNBC's Hadley Gamble at the Atlantic Council Global Energy Forum. He says the market needs the U.S. to continue producing at a "reasonable" and "sustainable" pace.

  • ABU DHABI, Jan 11- The United Arab Emirates energy minister said on Saturday his country was heavily investing to ensure its energy resources were well secured. "We are in a very good position to secure ourselves and keep securing our customers," Suhail al-Mazrouei told an energy conference in the capital Abu Dhabi. He said investments by foreign companies in the...

  • Jan 10- U.S. theme park operator Six Flags Entertainment Corp on Friday raised the possibility of terminating all of its projects under construction in China due to the growing debt problems of its local partner, sending its shares down 16%. Six Flags said in a regulatory filing its partner in China, real estate developer Riverside Investment Group, had...

  • Jan 10- Flights to Tehran were canceled on Thursday and Friday after Canada and others said an Iranian missile brought down a Ukrainian airliner, probably by mistake. Earlier this week, flights were rerouted or canceled to avoid airspace over Iraq and Iran following an Iranian missile strike on U.S.-led forces in Iraq. Germany's Lufthansa and Austrian...

  • Saudi Arabia and UAE have the most to lose from a war with Iran, strategist says

    Firas Modad, director of country risk for the Middle East and North Africa at IHS Markit, discusses the latest developments in Tehran.

  • Jan 8- Airlines are facing higher fuel bills as they reroute flights to avoid airspace over Iran and Iraq due to recent heightened tension between Washington and Tehran, adding further financial pressure to an industry already contending with the prolonged grounding of Boeing's 737 MAX jets. Germany's Lufthansa AG, Air France-KLM SA, Singapore Airlines Ltd...

  • *Plane was Ukrainian Airlines Boeing 737-800. KIEV/ WASHINGTON/ OTTAWA, Jan 8- A Ukrainian airliner fell to earth in a fireball shortly after take-off from Tehran on Wednesday, killing all 176 people on board in a crash that sparked an international scramble to establish the cause. The Ukraine International Airlines Boeing 737-800, en route to Kiev and carrying...

  • *Plane was Ukrainian Airlines Boeing 737-800. KIEV/ WASHINGTON/ OTTAWA, Jan 8- A Ukrainian airliner fell to earth in a fireball shortly after take-off from Tehran on Wednesday, killing all 176 people on board in a crash that sparked an international scramble to establish the cause. The Ukraine International Airlines Boeing 737-800, en route to Kiev and carrying...

  • *Crash followed Iran strike on Iraq bases housing US troops. PARIS, Jan 8- The crash of a U.S.-built airliner in Iran with the loss of 176 lives looks set to strain fragile international protocols on co-operation in air disaster investigations at a time when the United States and Iran are mired in confrontation. Iran and the United States are co-signatories of the...

  • DUBAI, Jan 8- Saudi Aramco shares hit a new low on Wednesday after Iran launched missiles against U.S. bases in Iraq, but Gulf debt markets were stable as some had feared stronger action in retaliation for the killing of an Iranian military commander. Saudi Aramco shares fell to as little as 34 riyals at the market open, the lowest since they began trading on Dec. 11,...

  • DUBAI, Jan 8- Saudi Aramco shares fell to a new low on Wednesday after Iran launched missiles against U.S. targets in Iraq, but Gulf debt markets were fairly stable, as some had feared stronger retaliation from Iran. Gulf stocks were also pulled down by the conflict between the United States and Iran, which attacked U.S. targets in Iraq on Wednesday after a U.S. drone...

  • *Attack on U.S. forces in Iraq stokes fears of wider conflict. '-Trump; action' concluded'- Iran minister. LONDON, Jan 8- Oil futures fell on Wednesday from peaks hit in frenzied early trading after a rocket attack by Iran on American forces in Iraq raised the spectre of a spiralling Middle East conflict and disruption to crude flows.

  • Jan 8- Major stock markets in the Gulf ended lower on Wednesday after Iran launched missiles at bases housing U.S. forces in Iraq, while Saudi Aramco extended losses. Iran retaliated against the U.S. drone strike that killed an Iranian commander late last week, an attack that stoked fears of all-out conflict in the Middle East and set off a bout of risk aversion.

  • *Attack on U.S. forces in Iraq stokes fears of wider conflict. LONDON, Jan 8- Brent oil futures were up on Wednesday but well below peaks hit in frenzied early trading after a rocket attack by Iran on American forces in Iraq raised the spectre of a spiralling Middle East conflict and disruption to crude flows. Iran's missile attack on U.S.-led forces in Iraq came...

  • Jan 8- Shares in NMC Health and Finablr plunged after two major shareholders launched a discounted share sale in the London- listed groups, weeks after NMC was hit by a short-selling attack by U.S. firm Muddy Waters. The healthcare firm's vice-chairman Khaleefa Al Muhairi and its second-largest shareholder Saeed Al Qebaisi have together sold NMC shares worth...

  • WASHINGTON/ MONTREAL, Jan 8- Major airlines canceled Iran and Iraq flights on Wednesday and re-routed others away from both countries' airspace, following an Iranian missile strike on United States- led forces in Iraq. Iran fired more than a dozen ballistic missiles from its territory targeting at least two Iraqi military bases hosting U.S.-led coalition...