Edition:
United Kingdom

Alexander Cornwell

Jet Airways sale suffers setback as two potential investors back out

12 Aug 2019

MUMBAI/DUBAI Creditors' hopes of resurrecting India's Jet Airways and salvaging some value from the bankrupt airline were dealt a fresh blow on Monday as two potential investors said they were no longer interested in putting money into the business.

China might escort ships in Gulf under U.S. proposal - envoy

06 Aug 2019

DUBAI China might escort Chinese commercial vessels in Gulf waters under a U.S. proposal for a maritime coalition to secure oil shipping lanes following attacks on tankers, its envoy to the United Arab Emirates said on Tuesday.

UAE's du says U.S. ban on Huawei not an issue for 5G network

24 Jul 2019

DUBAI United Arab Emirates telecoms company du has discussed U.S. restrictions on Huawei with the Chinese company and believes they will not hamper its 5G network, its chief executive said on Wednesday.

Kuwait to issue virtual telecom operator licence

14 Jul 2019

DUBAI, July 14 Kuwait is to issue a virtual telecom operator licence, effectively creating a fourth player in a market serving roughly four million people.

Etihad hires former Aer Lingus executive as new CFO

17 Jun 2019

DUBAI Etihad Airways has appointed former Aer Lingus chief financial officer Andrew MacFarlane as its new group CFO, a spokesman for the Abu Dhabi airline said on Monday.

Abu Dhabi's airports, ports and power firms moved to new holding company

29 May 2019

DUBAI/ABU DHABI, May 29 Abu Dhabi is creating a new holding company for seven state-owned firms with operations ranging from airports to power supply to make it easier for them to raise debt and improve services, three sources told Reuters.

UAE, keen to maintain safe-haven image, tempers tanker attack response

17 May 2019

DUBAI The United Arab Emirates, though a prominent foe of Iran in the Middle East's power struggles, has tempered its reaction to attacks on oil tankers off its coast in an effort to protect its reputation as a safe and stable business hub.

Tanker attacks near UAE expose weaknesses in Gulf Arab security

15 May 2019

RIYADH/DUBAI Attacks on Saudi tankers and other vessels off the coast of the United Arab Emirates this week expose vulnerabilities in the security of a key oil-shipping route amid rising tensions between the United States, Iran and Gulf Arab states.

U.S. envoy urges response "short of war" to Gulf tankers attack

14 May 2019

* UAE investigating attack on vessels near major bunkering hub

Emirates profit hit by sky-high fuel costs, strong dollar

09 May 2019

DUBAI Emirates will "work smart and hard" to improve its performance after the Gulf airline's profit hit a decade low as soaring fuel costs and a strong dollar took a toll on earnings, while passenger growth stalled.

World News

EU rebuffs Johnson's Brexit gambit

The European Union on Tuesday rebuffed Prime Minister Boris Johnson's demand that it reopen the Brexit divorce deal, saying Britain had failed to propose any realistic alternative to an agreed insurance policy for the Irish border.