Leading stories of the day
The Nasdaq suffered its biggest drop in two-and-a-half years on Thursday after another sharp selloff in biotech and momentum names, including Gilead Sciences and TripAdvisor, increasing investor anxiety about a broader pullback. The Nasdaq…
Dubai told international bankers on Monday that it was gearing up for another boom and did not regret the pro-growth policies…
Dubai’s gold trading centre said it would tighten supervision of how the metal is sourced after reports in the British media…
India’s Sun Pharmaceutical Industries Ltd said it will buy generic drug maker Ranbaxy Laboratories Ltd, which has hit regulatory snags in…
Italian businessman Massimo Cellino has been given approval to complete the purchase of second tier club Leeds United after an independent…
|By TAP Staff| A new Citibank report on Dubai property market asserts there is little room of investors to show complacency…
The U.S. Justice Department is investigating high-speed trading for possible insider trading, Attorney General Eric Holder told lawmakers on Friday. The…
Conglomerate Dubai World has hired New York-based investment and advisory firm Blackstone Group LP to take a fresh look at its…
The S&P 500 closed at another record high on Wednesday as signs of steady private-sector hiring suggested that the economy was…
|By TAP Staff| India’s Supreme Court has ordered the chairman of Samsung Electronics, Lee Kun-hee, to appear before a local court…
After pouring billions of dollars into cities including London, New York and Sydney, individual investors and developers in China are expanding…
|By TAP Staff|Ahmad Hamad Algosaibi & Brothers Company (AHAB) announced that it has invited financial institutions with claims against the company…
Dubai World, the conglomerate at the centre of the emirate’s debt crisis, has the means to make its first big repayment…
Swiss and British regulators stepped up their scrutiny of alleged manipulation of foreign exchange markets on Monday, as watchdogs take a…
A UN panel on Monday morning released its much awaited report which assessed impacts of climate change on human lives, natural…
As investors dump emerging-market equities at an unprecedented clip, they’re turning more and more to frontier markets in search of the…
Chinese authorities have seized assets worth at least 90 billion yuan ($14.5 billion) from family members and associates of retired domestic…
India’s two main political parties both broke laws barring foreign donations by accepting cash from local companies owned by London-listed mining…
|By TAP Staff| Fitch Rating sees RAKBANK’s viability rate (VR) constrained by its fairly small franchise rising credit risk exposure due…
Nakheel plans to release 94 hotel and resort plots for sale on Deira Islands in Dubai as part of a drive…
Kuwait will let foreign banks open multiple branches in the country to spur growth, authorities said on Tuesday, though analysts doubt…
The shares of indebted mortgage lender Amlak will resume trading on the Dubai bourse in the second half of this year,…
|By K Raveendran| Samena Capital, an investment firm founded by Shirish Saraf, a former colleague of Arif Naqwi in Abraaj Capital,…
The Nifty rose as much as 1.2 percent on Monday to a record high, surpassing its previous all-time high hit just…
Private equity firm Clayton Dubilier & Rice LLC (CD&R) is the frontrunner among four bidders for Germany-based, but Dubai-owned, packaging group…
Wall Street leaders including Lloyd Blankfein and James Gorman, who have courted business in Vladimir Putin’s Russia, are facing a dilemma…
Fierce solar blasts that could have badly damaged electrical grids and disabled satellites in space narrowly missed Earth in 2012, U.S.…
Two Abu Dhabi lenders have emerged as frontrunners to buy most of Barclays’ retail banking operations in the United Arab Emirates…