Highlights
A collection of news and information related to Dubai (United Arab Emirates) published by this site and its partners.
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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: Time (magazine), Economy, Business and Finance, Africa, Kenya, Emerging Market
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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: Economy, Business and Finance, Egypt, Government Debt, Budgets and Budgeting, Gross Domestic Product
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Dewa launches Dh105m substation
Khaleej TimesThe Dubai Electricity and Water Authority, or Dewa, has launched a new 132/11 kV substation with a capacity of 150 megavolt amperes in Dubai Marina, at a total cost of Dh105 million. Of the total cost, Dh100 million is set aside for the station and...Tags: United Arab Emirates
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Golf-European Tour Race to Dubai money list
ReutersMay 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)...Tags: Graeme McDowell, Africa, Ian Poulter, International Travel, Travel
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Dubai rallies to 4-year high
Khaleej TimesDubai'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...Tags: Marketing, Economy, Business and Finance, United Arab Emirates, Financing and Stock Offerings, Petroleum Industry
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FACTBOX-Countdown to A350 first flight
ReutersMay 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...Tags: Paris (France), Science and Technology, Boeing Co., Thomson Corporation
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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: Economy, Business and Finance, United Arab Emirates, Water Supply, Government Debt, Realty
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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: Hotel and Accommodation Industry, United Arab Emirates, Loans, Amusement and Theme Parks, Tourism and Leisure
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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: Marketing, United Arab Emirates, Egypt, Consumers, Consumer Confidence
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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: Malaysia, United Arab Emirates, Dell Inc., General Electric Company, Finance
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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, Economy, Business and Finance, Citigroup Incorporated, Investment Service, Corporate Officers
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Dubai Launches Cinematic Innovation Summit
VarietyThe Dubai Intl. Film Festival is launching a Cinematic Innovation Summit in tandem with its 10th edition, with Pixar co-founder Alvy Ray Smith, Lava Bear Films topper David Linde and Avatar thesp Stephen Lang among those expected to attend. The event,...Tags: Arts and Culture, Festive Events, Pixar Animation, Abu Dhabi (United Arab Emirates), Invention and Innovation
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