Highlights
A collection of news and information related to Dubai (United Arab Emirates) published by this site and its partners.
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Carrefour sells stake in Middle East venture for $683 million
ReutersDUBAI (Reuters) - Carrefour , Europe's largest retailer, agreed to sell its remaining 25-percent stake in a Middle East joint venture to local partner Majid Al Futtaim (MAF) for 530 million euros ($682.45 million), MAF said in a statement on Wednesday....Tags: Walmart, Joint Ventures, Credit and Debt, Carrefour S.A., Restructuring and Recapitalization
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Dubai contractor Arabtec says workers end strike
ReutersDUBAI (Reuters) - Dubai contractor Arabtec said on Wednesday a four-day strike by foreign workers seeking higher pay was over and the emirate's police chief said 200 of them would be repatriated. The company, in which Abu Dhabi state-owned fund Aabar...Tags: Burj Khalifa, Labor Disputes, Career and Workplace
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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: Africa, Time (magazine), Morocco, Emerging Market, Thomson Corporation
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Dubai authorities seize shipment of 259 elephant tusks
ReutersDUBAI, May 22 (Reuters) - Customs officials in United Arab Emirates have seized hundreds of elephant tusks shipped from Africa marked as furniture, the Ministry of Environment and Water said. The International Fund for Animal Welfare (IFAW) said in a...Tags: Kenya
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Exclusive: Carrefour to divest 25 pct stake in Middle East venture - sources
ReutersDUBAI (Reuters) - Carrefour , Europe's largest retailer, is in advanced talks to divest its remaining 25-percent stake in its Middle Eastern joint venture to local partner Majid Al Futtaim (MAF), two sources familiar with the matter said. Family-owned...Tags: Joint Ventures, Walmart, Carrefour S.A., Restructuring and Recapitalization
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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: Egypt, Politics, Economic Indicator, Government Debt, Yemen
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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: Africa, International Travel, Graeme McDowell, Charl Schwartzel, Thailand
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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, Thomson Corporation, Boeing Co.
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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, Corporate Officers, Citigroup Incorporated, JPMorgan Chase & Co., Finance
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Report: Of course, Dubai Police add Bugatti Veyron to fleet
Autoblog.comFiled under: Coupe, Performance, Etc., Government/Legal, Bugatti, Police/Emergency, Middle East Well, now it's official: Nobody in Dubai is going to be able to outrun the police. You see, in addition to the Aston Martin One-77, Ferrari FF and... -
Justin Bieber faces major monkey care bills
Justin Bieber has a serious monkey on his back -- or rather, a serious bill for the care of one. The ongoing saga of the singer's pet capuchin monkey Mally took another turn as German customs officials announced that the bill for housing, feeding and...
Tags: Germany, Justin Bieber
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Dubai laborers stage rare strike for more pay
ReutersDUBAI (Reuters) - Thousands of workers employed by Dubai's largest construction firm, Arabtec, stayed away from work on Sunday to back wage demands, a rare labor protest in the Gulf emirate, where trade unions are banned, staff said. Most blue collar...Tags: Burj Khalifa, Wage Contract Issues, Labor Legislation, Pakistan, Strikes
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
May 21, 2013
|Story| Reuters
May 20, 2013
|Story| Reuters
May 20, 2013
|Story| Reuters
May 20, 2013
|Story| Reuters
May 18, 2013
|Blog| Autoblog.com
May 17, 2013
|Story| Los Angeles Times
May 19, 2013
|Story| Reuters
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