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Business United Arab Emirates

  • DUBAI, April 6- Gulf shares were mixed on Thursday amid lacklustre trade as investors wait for earnings season, while Dubai insurance stocks were lifted as investors bet on gains for the companies after a mandatory health insurance plan was enforced. It could be driven by better Q1 expectations of results for the sector, or because of the compulsory insurance in...

  • In Dubai, Dar Al Takaful insurance company led the gains, up 14.8 percent. It could be driven by better Q1 expectations of results for the sector, or because of the compulsory insurance in Dubai, "said Mohammed Ali Yasin, the chief executive officer of NBAD Securities. In Abu Dhabi, shares slipped on low volumes a day after benchmark funds balanced their positions in...

  • LAUNCESTON, Australia, April 6- Saudi Aramco's decision to cut prices for lighter grades of oil for customers in Asia is a sign of just how seriously the world's top crude exporter is taking its battle with U.S. shale and other producers outside last year's move to cut output. This took the OSP to a discount of 45 cents a barrel to the regional benchmark Oman- Dubai.

  • *Non-stop Sydney- London flight possible within five years. SYDNEY, April 6- Both Airbus and Boeing now offer aircraft that appear capable of flying non-stop commercial flights from Sydney to London- the "Holy Grail" for Australian carrier Qantas Airways Ltd.. "These aircraft, we think, are potentially real goers on these routes," Qantas CEO Alan Joyce told Reuters of...

  • *Dubai up for sixth consecutive session. DUBAI, April 5- Stock markets in the Middle East firmed on Wednesday with Abu Dhabi outperforming its peers for a second day as institutional investors targeted blue chips, while crude oil near a one month high boosted Saudi Arabia. Farid Samji, head of asset management at Dubai- based Daman Investment, attributed the...

  • DUBAI, April 5- Saudi Arabia cut the May official selling prices for its light crude oil for Asian customers, in line with expectations, but raised the price for oil sales to the United States where crude stockpiles are at a record high. State oil giant Saudi Aramco cut the price of its Arab Light barrel to the Oman/ Dubai average, it said on Wednesday.

  • DUBAI/ PARIS, April 4- Iran's Aseman Airlines has signed a tentative deal to buy at least 30 Boeing 737 MAX jets, in the first new business with the U.S. planemaker since President Donald Trump took office vowing to take a tougher stance towards Iran. Owned by Iran's civil service pension foundation but managed as a private company, Aseman is Iran's third-largest...

  • LONDON/ DUBAI, April 4- London Stock Exchange's CEO Xavier Rolet is due to meet Saudi officials in Riyadh as part of a visit by British Prime Minister Theresa May, a spokeswoman for the exchange said on Tuesday. Winning a share of the Aramco listing would be a boost for the LSE, which has seen few listings since Britain's vote to leave the European Union and needs to...

  • The founder of Blackwater represented Trump at a secret meeting

    NBC News reports that Erik Prince represented Trump at a secret meeting overseas in January.

  • *First Abu Dhabi Bank up in heavy trade. DUBAI, April 4- Stock markets in the Middle East rose on Tuesday with Abu Dhabi gaining the most, buoyed by heavy trade in the shares of a newly merged bank while buying from foreign funds boosted Egypt. Shares of recently merged First Abu Dhabi Bank jumped 4.8 percent in very heavy trade, helping lift Abu Dhabi's index 1.8...

  • DUBAI/ PARIS, April 4- Iran's Aseman Airlines has signed a tentative deal to buy at least 30 Boeing 737 MAX jets, in the first new business with the U.S. planemaker since U.S. Owned by Iran's civil service pension foundation but managed as a private company, Aseman is Iran's third-largest airline by active fleet size, according to the CAPA consultancy.

  • DUBAI/ PARIS, April 4- Iran's Aseman Airlines has signed a tentative deal to buy at least 30 Boeing 737 MAX jets, in the first new business with the U.S. planemaker since U.S. Owned by Iran's civil service pension foundation but managed as a private company, Aseman is Iran's third-largest airline by active fleet size, according to the CAPA consultancy.

  • NC Erik Prince, founder and chief executive of Blackwater at his 7,000 acre facility in Moyock, N.C.

    The meeting was with a Russian envoy, but one source told NBC News that the meeting focused on Middle East policy.

  • *Dubai firms and in slightly higher volumes. *Egypt follows global shares up. DUBAI, April 3- Stock markets in the Middle East diverged on Monday with Dubai and Egypt's index outperforming their peers while shares of Abu Dhabi National Energy soared again on investors' optimism that the company had turned a corner.

  • DUBAI, April 3- The head of corporate and investment banking at Dubai's Mashreq is leaving to become chief executive of Noor Bank, sources familiar with the matter told Reuters on Monday. Mashreq, Dubai's third-biggest bank by assets, said John Iossifidis was leaving to pursue other opportunities, adding he had made a significant contribution to the bank's...

  • DUBAI, March 30- Qatar Airways and Etihad Airways are lending some passengers laptop computers and tablets to use on board following the U.S. ban on most electronics devices from being taken into the cabin on United States- bound flights. On March 25 the U.S. authorities banned electronic devices larger than a mobile phone from being taken into cabins on direct...

  • DUBAI, March 30- Qatar Airways and Etihad Airways are lending some passengers laptop computers and tablets to use on their flights following the new U.S. ban on allowing passengers' to take their own devices into the cabin on flights to the United States. Qatar Airways said on Thursday complimentary laptops would be available to business class passengers...

  • ABU DHABI, March 30- Abu Dhabi's state-owned Mubadala Development Co, which is merging with fellow Abu Dhabi- owned International Petroleum Investment Company, said on Thursday its net profit nearly tripled in 2016.. Mubadala, which is focused on developing Abu Dhabi's economy through local companies such as clean energy firm Masdar and stakes in...

  • ABU DHABI, March 30- Abu Dhabi's state-owned Mubadala Development Co, which is merging with fellow Abu Dhabi- owned International Petroleum Investment Company, said on Thursday its net profit nearly tripled in 2016.. The company reported a net profit of 3.3 billion dirhams for 2016, compared to a net profit of 1.2 billion dirhams in 2015, while its total...

  • ABU DHABI, March 30- Abu Dhabi state-owned fund Mubadala Investment Company is lining up new overseas investments in 2017 and may also sell or reduce some of its existing stakes in companies, its chief executive said on Thursday. Mubadala, which is merging with Abu Dhabi- owned International Petroleum Investment Company, will not see any change it its strategy...