Four dead in UAE, Dubai airport still disrupted after storm
DUBAI (Reuters) -Deaths from heavy rains earlier this week in the United Arab Emirates rose to four, authorities said on Friday, as well as flooding roads and jamming Dubai’s international airport. The…
Asia wealth managers flock to Dubai as clients look to diversify
By Xie Yu and Yantoultra Ngui HONG KONG/SINGAPORE (Reuters) – A growing number of wealth managers in Asia are setting up offices in Dubai, capitalising on warming diplomatic ties between China and…
BlackRock to invest up to $400 million in Dubai decarbonisation firm Positive Zero
By Yousef Saba DUBAI (Reuters) -BlackRock has agreed to invest up to $400 million in Dubai-based decarbonisation company Positive Zero through a diversified infrastructure fund, Positive Zero said in a statement on…
US Vice President Harris to attend COP28 climate summit in Dubai -Bloomberg News
(Reuters) -U.S. Vice President Kamala Harris will attend the COP28 climate summit in Dubai, Bloomberg News reported on Tuesday, citing people familiar with the matter. The 28th meeting of the United Nations…
Biden to skip COP climate meeting in Dubai- official
(Reuters) – U.S. President Joe Biden will not attend a gathering of world leaders focused on climate change in Dubai this week, a U.S. official said on Sunday. Reuters reported last month…
Emirates, Ethiopian edge towards Airbus deals after Dubai talks
DUBAI (Reuters) – Emirates moved closer on Wednesday towards a potential agreement to buy dozens of Airbus A350-1000 jets after narrowing differences over performance and guarantees in talks with engine maker Rolls-Royce,…
Emirates and flyDubai place Dubai Airshow jet orders
DUBAI (Reuters) -Dubai’s Emirates placed an order for 90 more Boeing 777X jets at the opening of the Dubai Airshow on Monday, including both variants of the future long-haul jet. The world’s…
Dubai invites pitches for IPOs of taxi, parking assets – sources
By Hadeel Al Sayegh DUBAI (Reuters) – Dubai’s Roads and Transport Authority (RTA) has invited investment banks to pitch for roles in the planned initial public offerings of its taxi and parking…
Hedge fund Verition joins rush to Dubai financial hub
By Hadeel Al Sayegh DUBAI (Reuters) – U.S.-based Verition Fund Management is opening an office in Dubai, joining a raft of other hedge funds including BlueCrest which have expanded to the Gulf…
Exclusive-India’s BPCL in talks with Rosneft to buy oil priced on Dubai benchmark -sources
By Nidhi Verma NEW DELHI (Reuters) – Indian state-run refiner BPCL is in talks with Rosneft to buy about 6 million metric tons (43.8 million barrels) of discounted Russian crude at a…
Dubai chases long-term growth as property booms, seeks to blunt debt risk
By Rachna Uppal and Yousef Saba DUBAI (Reuters) – Buoyed by a swift economic rebound post-COVID, Dubai is racing to attract people and capital to drive long-term growth, betting it can avoid…
Dubai DXB airport Q1 passenger traffic reaches 96% of pre-pandemic level
DUBAI (Reuters) – Dubai’s main airport registered a 55.8% increase in passenger traffic in the first quarter of this year compared to last year, reaching 95.6% of 2019 pre-pandemic levels, operator Dubai…
India’s Adani to hold fixed-income road shows in London, Dubai, US
DUBAI (Reuters) – India’s Adani Group will hold fixed-income road shows this month in London, Dubai, and several cities in the United States, according to a document seen by Reuters, as the…
Dubai lender Emirates NBD 2022 net profit up 40%
DUBAI (Reuters) – Emirates NBD, Dubai’s biggest lender, reported a 40% jump in 2022 net profit to 13 billion dirhams ($3.5 billion) on Thursday, helped by higher interest rates and transaction volumes…
Dubai property price rises seen slowing further in 2023 – Betterhomes
By Yousef Saba DUBAI (Reuters) – Residential property prices in Dubai are expected to rise at a slower pace in 2023 after a record year that saw a more than 60% increase…
Dubai scraps 30% tax on alcohol sales amid economic rebound
DUBAI (Reuters) – Dubai has suspended a tax of 30% on alcohol and dropped a licence fee previously needed to buy alcohol in the commercial and tourism hub, two major retailers said…
Bank of America moves some of its Russia-based bankers to Dubai – sources
By Hadeel Al Sayegh DUBAI (Reuters) – Bank of America (BofA) is moving some of its Russia-based bankers to Dubai, two sources told Reuters, following a move by several Western banks this…
Atlantic City Police Rescue and Revive Dubai Man in Bay
ATLANTIC CITY, NJ – Police in Atlantic City on Tuesday rescued a Dubai man from the thoroughfare section of Lakes Bay who was floating in the water near the rear of home.…
Foreign demand to keep Dubai property prices on steady upward course- Reuters poll
By Md Manzer Hussain BENGALURU – Dubai house prices are set to mostly rise steadily over the next two years, driven by demand from foreign investors, according to a Reuters poll of…
Dubai utility DEWA rises 20% above IPO price
DUBAI – Shares in Dubai Electricity and Water Authority (DEWA) surged about 20% on their market debut on Tuesday after its $6.1 billion initial public offering (IPO), the region’s biggest since Saudi…
Dubai grants crypto exchange Binance a virtual asset licence
DUBAI – The world’s largest cryptocurrency exchange Binance has been granted a licence to conduct some operations in Dubai, the company said on Wednesday, from where it plans to carry out regional…
Some Goldman Sachs employees moving out of Russia to Dubai -Bloomberg News
– Goldman Sachs Group Inc is shifting some of its Moscow-based employees to Dubai as its staff seeks to work from a different location following Russia’s invasion of Ukraine, Bloomberg News reported…
Dubai housing a buyer’s market despite surprise price rise – Reuters poll
By Md Manzer Hussain BENGALURU – Strong demand is likely to make Dubai house prices rise more sharply this year than previously thought, although plentiful supply is likely to ensure the city…
Canadian Man Going To Prison For Attempting Illegally To Export Firearms From The U.S. To Dubai And Columbia
CONTACT: Barbara Burns PHONE: (716) 843-5817 FAX #: (716) 551-3051 BUFFALO, N.Y. – U.S. Attorney James P. Kennedy, Jr. announced today that Aydan Sin a/k/a Hon Chak Gordon Sin a/k/a Andy a/k/a Bullion, 49, of…
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