Leading stories of the day
Dubai Investments said on Wednesday it plans to enter new markets in Africa and the Gulf region, as it reported a 6.5 per cent rise in first-quarter net profit. “Several new investment proposals are…
Plunging iron ore prices are providing a lifeline for some of China’s biggest steel mills, but raising the prospect of a…
DP World, one of the world’s biggest port operators, wants to issue a dollar-denominated bond and could announce plans to market…
Alitalia SpA may follow British Airways parent IAG in quitting the Association of European Airlines as a rift widens over the…
Dubai’s drive to develop its Islamic finance sector is fuelling growth of sharia-compliant banking but the benefits are unevenly distributed, with…
Deutsche Bank must pay the largest ever fine levied by the regulator of Dubai’s financial free zone for what the watchdog…
|By TAP Staff| Investors see growing overvaluations in both equities and bonds and have signaled concern about a valuation bubble forming,…
Noor Bank may conduct a benchmark-sized sukuk issue after setting up a $3 billion Islamic bond programme, the Dubai-based lender confirmed…
Marketing of Dubai property to overseas investors needs new regulation to prevent damage to “Brand Dubai” from gimmicks being offered to…
A $1.5 billion nine-year loan for Dubai’s Emirates National Oil Company (ENOC) is being marketed to banks after receiving commitments from…
Apollo Global Management is in talks to expand its business into the Middle East for the first time through a joint…
Pacific Control Systems, a Dubai-based information and communications technology provider, has raised 1 billion dirhams ($272 million) in 72-month loans, to…
The specter of an atomic arms race in the world’s most volatile region has heightened the stakes in Iran’s nuclear talks…
As chairman of Emaar Properties, Mohamed Alabbar has shaped much of Dubai’s skyline, but rapid growth in his outside real estate…
India has bought the first oil for its strategic petroleum reserve (SPR), trade sources said on Monday, marking the start of…
The price of crude is falling sharply this afternoon, and is down more than 6 percent on the day. Energy analysts…
Prince Bishop, ridden by William Buick, won the $10 million Dubai World Cup by two and three-quarter lengths on Saturday as…
Borse Dubai ruled out any sale of its shares in Nasdaq OMX Group on Thursday after shedding its entire 17.4 percent…
|By TAP Staff| Dubai’s stock exchange operators Borse Dubai Ltd said it was selling its remaining stake of 17.4 percent in…
Brent crude oil held below $56 a barrel on Tuesday on signs of slowing growth in China and as Saudi Arabia…
The next big threat to oil prices isn’t from OPEC or Bakken shale. It’s Russian samovars, or teapots. Simple refineries that…
Lloyds Banking Group and Natixis have sold their holdings in debt of Dubai World, the state-owned conglomerate nearing a $14.6 billion…
Citigroup Inc and Barclays Plc are close to settling as early as this week a lawsuit with private investors who say…
Dubai Investments, a diversified Gulf-based investment group, plans to float shares in at least one subsidiary next year and could also…
Salim Al Aufi, Oman’s undersecretary for oil and gas, likens attempts to cut the reliance on oil during a price slump…
| By Michael Sasso| If you have to fly from New York to New Delhi on April 1, you can book…
As OPEC ‘s refusal to curb oil production contributes to a nine-month plunge in prices, a new paper suggests the group’s days…
Hundreds of foreign construction workers staged a rare public protest outside the opulent Dubai Mall on Tuesday in a pay dispute…