Featured
US airlines vs Gulf carriers: Scare scenarios
| By Michael Sasso| If you have to fly from New York to New Delhi on April 1, you can book through one of the three big U.S. airlines for at least $1,100 round…
Featured
OPEC days may be numbered
Latest stories
More from FeaturedFeatured
Traders cash out of tanker-stored oil
Traders who have been storing oil since the start of the year are selling some supplies back into the market, completing…
Featured
Dubai Drydocks to seek second debt restructuring
Dubai’s Drydocks World, owner of the Middle East’s largest shipyard, will ask creditors to amend the terms of its $2.3 billion…
Featured
Dubai move to promote owner occupancy
The proposal by Dubai Municipality to introduce mandatory affordable housing quotas for all new residential developments in Dubai is long overdue…
Featured
Fitch sees real estate weighing on Dubai bank ratings
|By TAP Staff| The UAE banks benefit from an improving operating environment, sound liquidity and sound capital ratios, but some asset…
Featured
Abu Dhabi-owned Swiss bank eyes acquisitions
Falcon Private Bank is open to buying rivals as it expects a wave of consolidation in the industry due to more…
Featured
Emirates claims $7.6b addition to EU economy
Dubai’s flagship airline Emirates contributes 6.8 billion euros ($7.6 billion) to the European Union economy, it said on Tuesday, in an…
Featured
India gold imports set to surge
Gold imports by India, the world’s biggest consumer, are poised to surge after Finance Minister Arun Jaitley belied industry expectations for…
Featured
NBAD not interested in Citi business
National Bank of Abu Dhabi (NBAD) is not interested in buying retail business of Citigroup, and is instead targeting organic growth…
Featured
Oil drop wipes out thousands of US jobs
The tide may be turning in the retreat of the U.S. oil explorers. Rigs targeting oil fell by 33 to 986,…
Featured
New DIFC rules offer more flexibility
Dubai is adjusting regulation of investment firms that handle the money of wealthy people in its financial free zone, a move…
Featured
Black money chase dogs HSBC
HSBC Holdings, struggling to contain a scandal over tax evasion at its private bank, reported lower-than-predicted fourth-quarter profit as costs and…
Featured
$10 oil in sight?
|By A. Gary Shilling| At about $50 a barrel, crude oil prices are down by more than half from their June…
Featured
Apple car on its way
Apple Inc., which has been working secretly on a car, is pushing its team to begin production of an electric vehicle…
Featured
Rolls-Royce unveils SUV plan
Rolls-Royce announced plans to build a sport utility vehicle (SUV), validating hints dropped by company officials earlier this year. .The announcement…
Featured
Malaysia firm scraps deal with Dubai sugar maker
Malaysia’s largest refined sugar manufacturer MSM Malaysia Holdings Berhad will terminate a pact with Dubai’s Al Khaleej International Ltd to build…
Featured
Crude price drop forces Iran cash crunch
The Iranian oil ministry won’t be able to pay staff or invest in boosting production if parliament proceeds with a plan…
Featured
Orascom to split units for separate listing
Orascom Construction has started proceedings for the demerger of the company’s units with its engineering and construction business to be listed…
Featured
Dubai Investments buys Al Mal Capital
Dubai Investments PJSC, the company with interests in real estate and manufacturing, will buy a 60 percent stake in investment bank…
Featured
OPEC price war intensifies
|By Florence Tan and Henning Gloystein|Even as Saudi Arabia and its Gulf OPEC allies appear united in their refusal to cut…
Featured
Damac DFM listing today
Dubai’s DAMAC will list on the Dubai Financial Market (DFM) on Monday, a bourse spokesman said, after the developer offered holders…
Featured
Limitless misses repayment, seeks more talk time
Limitless, a Dubai government-related real estate developer, has asked for a three-month extension to talks with creditors after failing to secure…
Featured
Dubai to sell German aluminium maker
Dubai International Capital (DIC) is launching the sale of German alumina products maker Almatis as the fund seeks to reduce its…
Featured
Oil extends drop below $48
Oil extended losses below $48 a barrel amid speculation that U.S. inventories will expand, deepening a global supply glut that’s driven…
Featured
Iran wants Saudi to act on oil price fall
Falling world oil prices will hurt countries across the Middle East unless Saudi Arabia, the world’s biggest crude exporter, takes action…
Featured
Marka to buy Dubai World sports retailer for $60m
Marka, a retailing and restaurants start-up, has agreed to buy a sporting goods retail firm from state-owned conglomerate Dubai World for…
Featured
China challenges India’s diamond leadership
India’s long-held position as the world’s top diamond polisher is being challenged by soaring output from China, compelling the south Asian…
Featured
Saudis to cut wages to cope with oil slump
Saudi authorities pledged to curb wages and push ahead with investments next year as the world’s largest oil exporter seeks to…