Highlights
A collection of news and information related to Dubai (United Arab Emirates) published by this site and its partners.
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Dubai contractor Arabtec says workers end strike
ReutersDUBAI (Reuters) - Dubai contractor Arabtec said on Wednesday a four-day strike by foreign workers seeking higher pay was over and the emirate's police chief said 200 of them would be repatriated. The company, in which Abu Dhabi state-owned fund Aabar...Tags: Labor Disputes, Burj Khalifa, Career and Workplace
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Carrefour sells stake in Middle East venture for $683 million
ReutersDUBAI (Reuters) - Carrefour , Europe's largest retailer, agreed to sell its remaining 25-percent stake in a Middle East joint venture to local partner Majid Al Futtaim (MAF) for 530 million euros ($682.45 million), MAF said in a statement on Wednesday....Tags: Companies and Corporations, Credit and Debt, Carrefour S.A., Walmart, Economy, Business and Finance
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Exclusive: Carrefour to divest 25 pct stake in Middle East venture - sources
ReutersDUBAI (Reuters) - Carrefour , Europe's largest retailer, is in advanced talks to divest its remaining 25-percent stake in its Middle Eastern joint venture to local partner Majid Al Futtaim (MAF), two sources familiar with the matter said. Family-owned...Tags: Carrefour S.A., Walmart, Joint Ventures, Restructuring and Recapitalization
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Dubai authorities seize shipment of 259 elephant tusks
ReutersDUBAI (Reuters) - Customs officials in United Arab Emirates have seized hundreds of elephant tusks shipped from Africa marked as furniture, the Ministry of Environment and Water said. The International Fund for Animal Welfare (IFAW) said in a statement...Tags: Kenya, United Arab Emirates
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MIDEAST DEBT-Africa tempts Gulf bond investors
ReutersBy Rachna Uppal and Mala Pancholia DUBAI, May 22 (Reuters) - The lure of sub-saharan Africa, with its geographic proximity and promise of higher returns, is tempting cash-rich Gulf Arab bond investors to look south, a marked departure from the relative...Tags: Kenya, Time (magazine), Loan Market, Economy, Business and Finance, Finance
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IMF says Egypt budget gap worrying, urges Yemen to finalize economic program
ReutersDUBAI (Reuters) - Egypt's worsening fiscal gap is a concern but the International Monetary Fund is still ready to continue talks on a $4.8 billion loan once Cairo completes a review of its economic program, a senior IMF official said. "We are ready to...Tags: Politics, Hosni Mubarak, Budgets and Budgeting, International Organizations, Yemen
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MOVES-Citigroup, JP Morgan Private Bank, RBS, Barclays
ReutersMay 20 (Reuters) - The following financial services industry appointments were announced on Monday. To inform us of other job changes, email to moves@thomsonreuters.com. CITIGROUP INC The company named Jane Fraser as the new head of the bank's mortgage...Tags: Management Change, Companies and Corporations, JPMorgan Chase & Co., Economy, Business and Finance, Finance
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AME Info, Abu Dhabi, United Arab Emirates, finance and economy briefs
AME InfoQATAR ELECTRICITY AND WATER RISES, LAUNCHES POWER INVESTMENT FIRM: The Doha-based Qatar Exchange 20 Index rose 0.61 percent to close at 9,064.31 points on Monday. Qatar Electricity and Water Company (QEWC) added 0.70 percent, finishing at QR144.50....Tags: Politics, NASDAQ, Bahrain, Credit and Debt, Consumers
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AME Info, Abu Dhabi, United Arab Emirates, tourism and hospitality briefs
AME InfoKERZNER TO DEVELOP KSA'S FIRST ONE&ONLY RESORT: Saudi developer and owner of luxury hotels Al Khozama Management Co, in partnership with Saudi Oger, has signed an agreement with Kerzner International Holdings to develop and operate the first One&Only...Tags: Personal Service, United Nations, International Travel, Entertainment, Amusement and Theme Parks
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AME Info, Abu Dhabi, United Arab Emirates, retail briefs
AME InfoTESCO'S F&F TO WORK WITH AL FUTTAIM, AL HOKAIR ON MIDEAST EXPANSION: The clothing brand sold by Britain's biggest retailer Tesco has said it would extend its existing agreement with franchise operator Al Hokair, and would also work with new partner Dubai-...Tags: Festive Events, North Africa, Consumers, Saudi Arabia, Mohammed bin Rashid Al Maktoum
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AME Info, Abu Dhabi, United Arab Emirates, executive motoring briefs
AME InfoNISSAN MIDEAST TO RECALL NISSAN, INFINITY VEHICLES IN UAE: The UAE economy ministry has said several 2013 models of Nissan's Pathfinder and Infinity's JX are to be recalled due to a faulty brake torque member, Emirates 24-7 has reported. The decision...Tags: Financial Aid, Computing and Information Technology Industry, Saudi Arabia, Transportation, Health Treatments
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Factbox: Countdown to A350 first flight
Reuters(Reuters) - The final countdown is under way to the maiden flight of the Airbus A350, Europe's answer to the Boeing 787 Dreamliner. Once test crews accept the first A350 from developers, these are key steps to the first flight, based on previous...Tags: Science and Technology, Boeing Co., Paris (France), Thomson Corporation
May 22, 2013
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May 22, 2013
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May 22, 2013
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May 21, 2013
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May 20, 2013
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May 20, 2013
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May 20, 2013
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May 20, 2013
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