Leading stories of the day
Traders who have been storing oil since the start of the year are selling some supplies back into the market, completing a trade-play that made oil storage profitable, and re-injecting fuel into an already…
|By TAP Staff| The UAE banks benefit from an improving operating environment, sound liquidity and sound capital ratios, but some asset…
Falcon Private Bank is open to buying rivals as it expects a wave of consolidation in the industry due to more…
Dubai’s flagship airline Emirates contributes 6.8 billion euros ($7.6 billion) to the European Union economy, it said on Tuesday, in an…
Gold imports by India, the world’s biggest consumer, are poised to surge after Finance Minister Arun Jaitley belied industry expectations for…
National Bank of Abu Dhabi (NBAD) is not interested in buying retail business of Citigroup, and is instead targeting organic growth…
The tide may be turning in the retreat of the U.S. oil explorers. Rigs targeting oil fell by 33 to 986,…
Dubai is adjusting regulation of investment firms that handle the money of wealthy people in its financial free zone, a move…
HSBC Holdings, struggling to contain a scandal over tax evasion at its private bank, reported lower-than-predicted fourth-quarter profit as costs and…
|By A. Gary Shilling| At about $50 a barrel, crude oil prices are down by more than half from their June…
Apple Inc., which has been working secretly on a car, is pushing its team to begin production of an electric vehicle…
Rolls-Royce announced plans to build a sport utility vehicle (SUV), validating hints dropped by company officials earlier this year. .The announcement…
Malaysia’s largest refined sugar manufacturer MSM Malaysia Holdings Berhad will terminate a pact with Dubai’s Al Khaleej International Ltd to build…
The Iranian oil ministry won’t be able to pay staff or invest in boosting production if parliament proceeds with a plan…
Orascom Construction has started proceedings for the demerger of the company’s units with its engineering and construction business to be listed…
Dubai Investments PJSC, the company with interests in real estate and manufacturing, will buy a 60 percent stake in investment bank…
|By Florence Tan and Henning Gloystein|Even as Saudi Arabia and its Gulf OPEC allies appear united in their refusal to cut…
Dubai’s DAMAC will list on the Dubai Financial Market (DFM) on Monday, a bourse spokesman said, after the developer offered holders…
Limitless, a Dubai government-related real estate developer, has asked for a three-month extension to talks with creditors after failing to secure…
Dubai International Capital (DIC) is launching the sale of German alumina products maker Almatis as the fund seeks to reduce its…
Oil extended losses below $48 a barrel amid speculation that U.S. inventories will expand, deepening a global supply glut that’s driven…
Falling world oil prices will hurt countries across the Middle East unless Saudi Arabia, the world’s biggest crude exporter, takes action…
Marka, a retailing and restaurants start-up, has agreed to buy a sporting goods retail firm from state-owned conglomerate Dubai World for…
India’s long-held position as the world’s top diamond polisher is being challenged by soaring output from China, compelling the south Asian…
Saudi authorities pledged to curb wages and push ahead with investments next year as the world’s largest oil exporter seeks to…
The United Arab Emirates central bank discussed margin lending at a board meeting this week and ordered that all aspects of…
In Saudi Arabia, where the currency has been fixed at about the same rate for 28 years, even the tiniest swings…
OPEC will stand by its decision not to cut crude output even if oil prices fall as low as $40 a…