Middle East fund managers have on balance become bearish on the region's biggest stock market, Saudi Arabia, after oil's rally ran out of steam and the kingdom confirmed strict rules on foreign investment, a monthly Reuters survey shows.
Tags: United Arab Emirates
Dubai's Tax-Free Lifestyle and Golden Visas Lure Wealthy Expats from UK
The UAE attracts millionaires due to its favorable tax environment and luxurious lifestyle. At the same time, the UK is expected to see a decline in its wealthy population due to rising taxes and costs.
US Sanctions Several Firms in Hong Kong, UAE for Involvement in Russian Gold Trade
The US has imposed sanctions on several companies based in Hong Kong and the UAE for involvement in the trade of gold produced by a sanctioned Russian miner.
Dubai Struggles to Bounce Back After United Arab Emirates Floods Delayed Airport Flight Schedules
Dubai's major airport announced on Friday that it will limit the number of flights arriving for the next two days as it works to remove a three-day backlog caused by a record storm in the UAE.
Dubai's 'Apocalyptic' Superstorm Strikes World's Busiest Airport After Historic Rainfall Causes Flood Chaos, Cancelled Flights
Tragically, there has been a loss of life due to the heavy rain and flooding that has caused widespread disruption in Dubai.
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The head of Dubai's Emirates has hit back at U.S. airlines in an increasingly bitter subsidy spat and urged Washington to block their calls to renegotiate Open Skies agreements.
State-owned Dubai World has received backing from all its creditors for a $14.6 billion restructuring plan, a court heard on Sunday, paving the way for the deal to be formally approved by May.
Saudi Arabia's move to slash the price it charges in Asia for its oil this week to the lowest in more than a decade is the latest aggressive action by Gulf states to defend market share in the world's top oil consuming region.
Russian shoppers caught in a currency crunch are staying away from the Dubai Shopping Festival (DSF) this year, but visitors from elsewhere look set to make up the numbers at the annual retail bonanza.
United Arab Emirates-based RAK Ceramics RKCE.AD, one of the world's biggest makers of floor and wall tiles, said on Sunday that it would sell its stake in a joint venture with U.S. firm Laticrete for an undisclosed sum.
Citigroup has received 10 bids for its consumer banking business in Egypt, three sources with knowledge of the matter said on Tuesday, with banks from the United Arab Emirates prominent among potential purchasers.
Armchair travelers can visit the world's tallest skyscraper and inspect one of the largest shopping malls with the addition of Dubai to Google Street View, Google said on Tuesday.
Swiss authorities have given Darwin Airline until the end of January to answer more questions about Etihad Airways' plans to buy a third of the Swiss airline before it gives the deal the green light.
France has confirmed the selection of 12 Airbus A330 refueling tankers for the French Air Force, Airbus Group said on Thursday.
