DUBAI — Dubai utility will decide next year on a plan to refinance its debt maturing in 2013 after considering all the options available, managing director and chief executive officer Saeed Mohammed Al Tayer said.
DUBAI — Dubai utility will decide next year on a plan to refinance its debt maturing in 2013 after considering all the options available, managing director and chief executive officer Saeed Mohammed Al Tayer said.
DUBAI — Emirates will boost its Dubai-Singapore route with the introduction of a permanent Airbus A380 service from December 1, 2012. The Dubai-based airline will be the first and only carrier to offer a scheduled A380 service on this route.
DUBAI — New private equity investment activity is expected to significantly increase in the Middle East North Africa region, or Mena, in the coming 12 months with investors increasingly seeking fresh opportunities, a leading business and professional services company said on Tuesday.
NEW YORK - Wall Street churned for a third day on Wednesday as positive trends in the housing market offset a cautious outlook from 3M Co but were not enough to drive stocks further after the recent central bank-inspired rally.
DUBAI - Saudi Arabia, which has been running big budget surpluses on the back of high oil prices, is expected to see those surpluses shrink gradually in coming years and could post a small deficit as early as 2016, the International Monetary Fund (IMF) said.
LONDON — European stocks steadied on Wednesday despite gains across Asia as Japan launched extra economic stimulus following similar moves from the US Federal Reserve and the European Central Bank.
LONDON — Japan’s main stock market hit a four-month high Wednesday after the country’s central bank eased monetary policy to shore up fragile economic growth, but the positive momentum ground to a halt in Europe.
LONDON - The yen fell to one-month low against the dollar on Wednesday after the Bank of Japan eased monetary policy more than expected, but with other major central banks also easing, its losses may be limited.
JERUSALEM — The World Bank warned Wednesday of a deepening fiscal crisis in the Palestinian territories and appealed to donors to act urgently to prop up the Western-backed Palestinian Authority.
LONDON - Gold prices hit 6-1/2 month highs on Wednesday after the Bank of Japan became the latest to announce a fresh round of bullion-friendly monetary easing, though they later steadied as stock markets and the euro turned lower.