Dubai (United Arab Emirates)

DUBAI (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...

DUBAI (Reuters) - Thousands of workers employed by Dubai's largest construction firm, Arabtec, stayed away from work on Sunday to back wage demands, a rare labor protest in the Gulf emirate, where trade unions are banned, staff said. Most blue collar...

May 20 (Reuters) - Leading money winners on the 2013 European Tour Race to Dubai on Monday: 1. Graeme McDowell (Northern Ireland) 1,029,186 euros 2. Brett Rumford (Australia) 863,632 3. Sergio Garcia (Spain) 774,010 4. Richard Sterne (South Africa)...

Dubai's benchmark stock index rose to its highest close since October 2009, propelled by property and banking sectors to underscore the resounding resurgence in investor optimism. The DFM General Index advanced 2.5 per cent to 2,352.21 points on...

May 20 (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...

QATAR 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....

KERZNER 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...

TESCO'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-...

NISSAN 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...

May 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...

Emirates Islamic Financial Brokerage (EIFB), a major Shariah-compliant broker in the UAE, has become a member of Nasdaq Dubai, the region's international exchange. EIFB will focus on opportunities for trading Shariah-compliant shares listed on Nasdaq...

A recent report has revealed that GCC projects spent over $7.2 billion on interiors and fit-outs in 2012 and expects that spending to increase by 28 per cent to $9.2 billion in 2013. The report by Ventures Middle East was released with findings from the...