Leading stories of the day
Holders of Dubai-based developer Emaar Properties’ convertible bonds have asked the company to convert them into shares, Emaar said in a bourse statement on Sunday. Emaar said its board would discuss the matter at…
A bipartisan budget deal announced in the U.S. Congress on Tuesday, though modest in its spending cuts, would end three years…
National Bank of Abu Dhabi (NBAD) will take on more staff to grow its commercial business and tap the “enormous opportunities”…
India’s (SENSEX) benchmark stock index surged to a record and the rupee climbed to a four-month high after the nation’s main…
Swiss authorities are urging banks to quash their doubts and enter a U.S. voluntary disclosure program aimed at uncovering American tax…
Dubai’s benchmark stock index rose to the highest in more than five years as the emirate starts regulating the holiday home…
Booming housing markets in emerging Asia have pushed global residential property prices to a new peak, according to a report on…
Investment Corp of Dubai, the flagship holding firm of some of the emirate’s top companies, has acquired the Atlantis hotel from…
Dubai’s DAMAC said it raised $348 million from its London share offer on Tuesday, a lukewarm response to the first share…
Bank Muscat, Oman’s top lender, said the bank will recover the $39 million it lost in a global pre-paid card fraud…
A police helicopter crashed into the roof of a packed pub in Glasgow on Friday night, trapping revelers in choking dust…
Dubai’s success in bidding to host the 2020 World Expo will trigger billions of dollars of investment in the emirate, but…
When the British government said last month it would issue its first Islamic bond, the implications went far beyond the debt…
BlackBerry Ltd’s board does not believe a break-up of the Canadian smartphone maker is currently in its best interests, even though…
Mutual funds run by T. Rowe Price Group Inc and Morgan Stanley are poised to send one sweet tweet. These early…
Some merchants and dealers were found to have exploited the ‘24 hours’ facility extended by the Dubai government whereby some major…
Etisalat has agreed terms with Vivendi to buy the French media conglomerate’s 53 percent stake in Maroc Telecom for 4.2 billion…
The 2013 Dubai Airshow is expected to be one of the most popular in the show’s history, with more than 1,000…
A row has flared up between leading planemakers over the width of tourist-class seats on long-distance flights, setting the tone for…
Du, the United Arab Emirates’ second-biggest telecoms operator, remains at odds with rival Etisalat over the terms of a network sharing…
The Federal Reserve is expected to maintain its massive bond-buying campaign when it concludes a two-day meeting on Wednesday and may…
Asian oil refiners are facing slumping profits as China is expected to ramp up exports of diesel and gasoline this quarter.…
Indians account for the largest number of Dubai property deals, followed by the British and Pakistanis, according to the Dubai Economic…
A U.S. judge on Friday narrowed Mashreq PSC’s claims in a lawsuit that alleged ING Groep NV lost more than $40…
Dubai’s largest lender Emirates NBD’s saw a sharp increase in its quarterly provisions on Thursday, overshadowing a 21 percent increase in…
Dubai Holding’s telecom unit could conclude the sale of stakes in two other telecom firms in the next few months, its…
An international meeting in Paris next month may trigger billions of dollars of fresh investment in Dubai – and, if plans…
JPMorgan Chase & Co CEO Jamie Dimon has pleaded with and complained to the U.S. Justice Department but cannot convince the…