Major Middle Eastern investor selling large part of its stake in BarclaysLONDON — A major Middle Eastern shareholder in Barclays bank said Tuesday it intends to sell part of its stake — at least 1.3 billion shares — potentially taking a big profit on its seven-month investment and sending Barclays shares down more than 13 percent. Ex-trade minister arrested in graft case while trying to leave countryBAGHDAD — Iraq’s former trade minister was arrested Saturday in a burgeoning corruption scandal after his plane was ordered back to Baghdad while en route to the United Arab Emirates, officials said. US Navy detains 17 pirates after an attack on Egyptian ship in the Gulf of AdenDUBAI, United Arab Emirates — A team of specialized American sailors apprehended 17 suspected pirates who attacked an Egyptian merchant ship in the dangerous waters off Yemen, the U.S. Navy said Thursday. Indebted Dubai island developer Nakheel gets cash injection from government bond fundsDUBAI, United Arab Emirates — The Dubai developer behind the city’s manmade islands says it has received a portion of government funds aimed at reviving the Mideast financial hub’s ailing economy. Dubai port operator DP World says parent mulling possible stake sale to investment firmDUBAI, United Arab Emirates — DP World, one of Dubai’s most global companies, said Sunday its main government-owned shareholder is in talks to possibly sell a minority stake in the port operator to a Middle East private equity firm. IMF: Mideast, North Africa better poised to cope with global recessionDUBAI, United Arab Emirates — Economic growth in the Middle East and Central Asia could slow by more than half this year, but the region should still fare better than most others thanks to government intervention and stockpiles of oil wealth, the International Monetary Fund said Sunday. Dubai port operator DP World talking with investment firm about possible minority stake saleDUBAI, United Arab Emirates — Port operator DP World, one of Dubai’s most global companies, said Sunday it is in talks to possibly sell a minority stake in itself to a Middle East private equity firm. UAE gives $1.44m to rehabilitate Bangladeshi children used as jockeys in camel racesDHAKA, Bangladesh — Hundreds of Bangladeshi children taken from their homes and forced to race camels in the United Arab Emirates will be compensated by the Persian Gulf nation, the Bangladeshi government said Wednesday. UAE gives $1.44m to rehabilitate Bangladeshi children used as camel jockeysDHAKA, Bangladesh — Hundreds of Bangladeshi children taken from their homes and forced to become racing camel jockeys in the United Arab Emirates will be compensated by the Persian Gulf nation, the Bangladeshi government said Wednesday. Detroit official charged city pension fund $20,000 for trip to conference in DubaiDETROIT — Records show a Detroit official charged the city’s police and firefighters pension plan more than $20,000 for a trip to the Persian Gulf emirate of Dubai. CEO: Emirates airline will not delay any order for new aircraft through 2011DUBAI, United Arab Emirates — The head of Emirates said Tuesday the fast-growing airline will not delay any orders for new aircraft through at least 2011, and should turn a profit even as the global downturn erodes demand for global air travel. Emirates to investigate member of ruling family over torture videotapesDUBAI, United Arab Emirates — The Emirates will investigate a member of its ruling family over videotapes showing the sheik torturing another man, the country’s official news agency reported. Dubai’s Sheik Mohammed, Godolphin Racing continue to try and win Kentucky Derby their wayLOUISVILLE, Ky. — New York has the Yankees. Dallas has the Cowboys. Dubai has Godolphin Racing. Report: Premier says Qatar eying possibility of buying stake in Germany’s PorscheCAIRO — Qatar is in discussions about the possibility of buying a stake in Germany automaker Porsche AG, the country’s prime minister said in the latest indication the energy rich Persian Gulf nation is pushing ahead with its growth and investment plans despite the global recession. Faster bowler Lee summoned for Australia duties against PakistanSYDNEY — Fast bowler Brett Lee is set to rejoin the Australian cricket team and could play the last two limited-overs matches in a series against Pakistan at Abu Dhabi. Abu Dhabi’s International Petroleum Investment gets credit ratings, boosting financing optionsDUBAI, United Arab Emirates — Another Abu Dhabi state investment fund has sought out credit ratings, a rare step toward greater transparency that could make buyout financing easier to get. Swedish watchdog warns weapons transfers to Mideast could provoke IranSTOCKHOLM — The volume of weapons exported to the Middle East has risen sharply in the last four years, threatening to destabilize the volatile region further, a leading Swedish think tank warned Monday. Dubai police deny pirate ransom money laundered through Gulf city-state’s banksDUBAI, United Arab Emirates — Dubai’s deputy police chief denied a report that pirates have laundered ransom money through banks in the Gulf city-state, according to a local newspaper. THE INFLUENCE GAME: To create nuclear power, United Arab Emirates works Washington corridorsWASHINGTON — The United Arab Emirates is wise to the ways of Washington. Akhtar fitness doubts continue after lackluster return in win Pakistan’s over AustraliaISLAMABAD — Doubts over the fitness of Shoaib Akhtar continue after the Pakistan fast bowler made an unimpressive return to international cricket. A look at economic developments and activity in stock markets around the world WednesdayA look at economic developments and activity in major stock markets around the world Friday: IMF: Global recession hammers Middle East nations, despite oil-fed cash surplusesCAIRO — The world’s worst economic recession in about six decades is hammering the nations of the Middle East, with falling commodity prices severely straining economies and wealthy oil producers digging deep into savings to sustain spending. PCB disappointed, ex-players angered over Pakistan’s exclusion as 2011 World Cup hostPCB disappointed over World Cup hosting loss ISLAMABAD — The Pakistan Cricket Board expressed disappointed Saturday after the game’s governing body removed it as co-host of the 2011 World Cup because of security fears. |
Topics
Poll Loading ...Latest TweetsUnited Arab Emirates
Latest Friend FeedsUnited Arab Emirates
|
