United Arab Emirates

Goodbye Dubai: Photographer captures laid-off expat families as they leave

Goodbye Dubai: Photographer captures laid-off expat families as they leave

Published 30/06/2020

DUBAI (Reuters) - Louisa Sumagui and her family wanted a final momento of their 12 years in Dubai before returning to Australia after losing jobs [more…]

Rainy day hastens sovereign wealth funds’ refocus to home

Rainy day hastens sovereign wealth funds’ refocus to home

Published 25/06/2020

LONDON (Reuters) - Famed for snapping up glitzy real estate and stakes in troubled international banks during the global financial crisis, sovereign wealth funds are [more…]

Abu Dhabi’s Etihad cuts hundreds of jobs: sources

Abu Dhabi’s Etihad cuts hundreds of jobs: sources

Published 19/05/2020

DUBAI (Reuters) - Abu Dhabi’s Etihad Airways has laid off hundreds of employees this month, including cabin crew, after the coronavirus pandemic forced it to [more…]

Uber’s Middle East business Careem cuts 31% of workforce

Uber’s Middle East business Careem cuts 31% of workforce

Published 04/05/2020

DUBAI (Reuters) - Uber Technologies’ Careem subsidiary said on Monday it was cutting 536 jobs this week, representing 31% of the Dubai-headquartered company’s workforce. The [more…]

Japan’s MUFG expects deep recession across GCC countries

Japan’s MUFG expects deep recession across GCC countries

Published 27/04/2020

DUBAI (Reuters) - Japan’s Mitsubishi UFJ Financial Group Inc (MUFG) (8306.T) expects countries in the six-nation Gulf Cooperation Council (GCC) to be in deep recession [more…]

Saudi-led coalition in Yemen calls for end to escalation in south

Saudi-led coalition in Yemen calls for end to escalation in south

Published 27/04/2020

RIYADH (Reuters) - The Saudi-led coalition engaged in Yemen on Monday urged a leading separatist group that declared self-rule in the south to rescind its [more…]

NMC Health to delist from London Stock Exchange

NMC Health to delist from London Stock Exchange

Published 27/04/2020

(Reuters) - Troubled hospital operator NMC Health (NMC.L) on Monday said it requested London Stock Exchange to delist its shares after they remained suspended for [more…]

UAE against unilateral changes to situation in Yemen: official

UAE against unilateral changes to situation in Yemen: official

Published 27/04/2020

DUBAI (Reuters) - The United Arab Emirates stands against a decision by a main Yemeni southern separatist group to declare self-rule in areas it controls, [more…]

Who’s Who of pop culture unites for ‘One World’ coronavirus special

Who’s Who of pop culture unites for ‘One World’ coronavirus special

Published 19/04/2020

(Reuters) - Lady Gaga, Taylor Swift, Paul McCartney, The Rolling Stones, Beyonce and Oprah Winfrey on Saturday headlined a special broadcast of music, comedy and [more…]

Oil climbs after OPEC+ agree record output cut

Oil climbs after OPEC+ agree record output cut

Published 13/04/2020

SINGAPORE (Reuters) - Oil prices rose on Monday after major producers finally agreed their biggest-ever output cut, but gains were capped amid concern that it [more…]