Leading stories of the day
The United Arab Emirates said it’s drawing up safety and operational rules for its fledgling rail industry as the desert country dominated by road and sea transport spends $25 billion to build a network…
The U.S. military has not renewed its contract to buy jet fuel from Emirates National Oil Company (ENOC) in the United…
It’s Dubai all the way, but for the shouting. From all available indications, the dice has turned in favour of Dubai…
MANILA: The Philippine economy posted robust expansion in the second quarter, matching the pace of China as the two fastest growing…
Emirates is breaking out of Dubai. In what will be a curious experiment for one of the world’s fastest-growing and most…
Jitters over a possible U.S.-led military strike against the Syrian government knocked Asian equities to a seven-week low on Wednesday and…
Dubai Aerospace Enterprise (DAE), owner of U.S.-based engine repair and maintenance business StandardAero, is in talks to merge parts of its…
Investors are favoring U.S. stocks over emerging markets by the most ever as fund flows and volatility measures show institutions are…
Global financial stability is at risk as central banks draw back from ultra-easy policies that have flooded the world with cash,…
The Arabian Post Special As India’s currency plummeted against the U.S. dollar, Gulf-based Indians are avoiding gold purchases or selling their…
A long-awaited opening of Saudi Arabia’s stock market to direct foreign investment appears near, industry executives and fund managers say –…
The rupee fell past 65 to the dollar to a record low on Thursday, after Federal Reserve minutes hinted that the…
NEW DELHI—As India’s economy shifted into low gear earlier this year, sales at the country’s largest car manufacturer also lost steam,…
India’s biggest stock-market swings in 16 months are poised to continue, boosting options prices as the prospect of reduced Federal Reserve…
(Reuters) – A federal judge has endorsed a broad interpretation of a savings-and-loan era law that the Justice Department is trying…
(Reuters) – India’s currency cartwheeled to historic lows on Monday while markets in Indonesia took a spill, evidence of how rising…
Gold may extend a rally from a two-month high as an increase in demand from jewelry buyers in China and India…
Gold rose to the highest in almost two months and silver capped the biggest weekly rally since 2008 on signs of…
Gold traders are the most bullish in five months on signs that demand for coins and jewelry increased during a plunge…
(Reuters) – The Dubai-based investment firm that bought English soccer club Leeds United in December after lengthy negotiations sold more than…
By Dinesh Nair (Reuters) – A unit of Libya’s sovereign wealth fund is in talks to buy a 35-percent stake in…
High oil prices and poor returns on safe assets have pushed the GCC’s huge sovereign wealth funds into riskier investments in…
Global investors have become significantly more confident in the outlook for growth, according to the BofA Merrill Lynch Fund Manager Survey…
(Reuters) – The Dubai arm of Australian contractor Leighton Holdings is seeking more than 1 billion dirhams ($272 million) from a…
Bloomberg By George Smith Alexander & Anto Antony – Aug 13 India’s economy is growing at the slowest pace in a…
Aug 13 (Reuters) – Abu Dhabi developer Aldar Properties, Abu Dhabi’s biggest property firm, said on Tuesday that its Chief Executive…
DUBAI, Aug 12 (Reuters) – Lenders including Deutsche Bank, HSBC and China Development Bank are resisting calls by Saudi Telecom (STC)…
(Arab News): Makkah is witnessing mega-development projects at a combined cost of more than SR300 billion, according to Makkah Mayor Osama…