Some of the world’s biggest sovereign wealth funds are increasingly striking their own private equity deals rather than relying on external fund managers, in a drive to cut costs and gain more control. More »
People watch as India’s Polar Satellite Launch Vehicle (PSLV-C37) carrying 104 satellites in a single mission lifts off from the Satish Dhawan Space Centre in Sriharikota, India February 15, 2017. REUTERS/Stringer India successfully launched 104 satellites in ... More »
FILE PHOTO: Iran’s President Hassan Rouhani attends a meeting during the Asia Cooperation Dialogue (ACD) summit at the Foreign Ministry in Bangkok, Thailand, October 10, 2016. REUTERS/Athit Perawongmetha/File Photo Iranian President Hassan Rouhani said his cou... More »
FILE PHOTO – An Airbus A380 aircraft takes part in a flight display during the 48th Paris Air Show at the Le Bourget airport near Paris June 18, 2009. REUTERS/Pascal Rossignol/File photo France honored the A380 superjumbo with a place in its national aerospace... More »
Iran’s President Hassan Rouhani presides over a meeting of the Supreme Council of Cultural Revolution, in Tehran, Iran February 7, 2017. President.ir/Handout via REUTERS Iranian President Hassan Rouhani will visit Oman and Kuwait on Wednesday, state media repo... More »
U.S. President Donald Trump addresses a joint news conference with Canadian Prime Minister Justin Trudeau at the White House in Washington, U.S., February 13, 2017. REUTERS/Kevin Lamarque A congressional tax oversight committee will not seek U.S. President Don... More »
U.S. President Donald Trump speaks during a meeting with Chief Executive Officer of Intel Brian Krzanich in the Oval Office of the White House in Washington, U.S., February 8, 2017. REUTERS/Joshua Roberts U.S. aviation executives will discuss the industry’s ag... More »
Jan 26, 2017- La Jolla, CA, USA- Tiger Woods lines up a putt on the 1st green during the first round of the Farmers Insurance Open golf tournament at Torrey Pines Municipal Golf Course. Orlando Ramirez-USA TODAY Sports Former world number one Tiger Woods has a... More »
Dubai is finalizing a $3 billion, seven-year syndicated loan needed to back the expansion of Al Maktoum International Airport and plans to sign the facility over the next few weeks, banking sources familiar with the situation said on Monday. More »
Demonstrators in support of the immigration rules implemented by U.S. President Donald Trump’s administration, rally at Los Angeles international airport in Los Angeles, California, U.S., February 4, 2017. REUTERS/Ringo Chiu President Donald Trump on Sunday ra... More »
U.S. President Donald Trump, joined by his senior advisor and son-in-law Jared Kushner (R), speaks by phone with the Saudi Arabia’s King Salman in the Oval Office at the White House in Washington, U.S. January 29, 2017. REUTERS/Jonathan Ernst Saudi Arabia’s Ki... More »
A general view shows Dubai International Airport after an Emirates Airline flight crash-landed, the UAE August 3, 2016. REUTERS/Stringer Emirates airline has changed pilot and flight attendant rosters on flights to the United States following the sudden U.S. t... More »
A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen before a news conference at OPEC’s headquarters in Vienna, Austria December 10, 2016. REUTERS/Heinz-Peter Bader OPEC and non-OPEC countries have made a strong start to loweri... More »
A soldier patrols in front of the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, November 29, 2016. REUTERS/Heinz-Peter Bader A committee set up to monitor oil output cuts by OPEC and non-OPEC producers will me... More »
Qatar Energy Minister Mohammed Al-Sada said on Sunday that even with an increase in drilling rigs, the oil market is likely to reach a balance as producers implement agreed output cuts. More »
An employee at a Total fuel station waits for customers in south Jakarta February 12, 2015. REUTERS/Darren Whiteside Oil prices rose on Monday in anticipation of tighter crude supply going into 2017 following the decision by OPEC and other producers to cut out... More »
Business activity growth in the United Arab Emirates’ non-oil private sector rebounded slightly in November from a six-month low in October, according to a corporate survey published on Monday. More »
Brawn GP Formula One driver Jenson Button of Britain waves after qualifying in pole position for the Spanish F1 Grand Prix at the Catalunya racetrack in Montmelo, near Barcelona, May 9, 2009. REUTERS/Dani Cardona/File Photo Jenson Button retired from his last ... More »
Formula One – F1 – Abu Dhabi Grand Prix – Yas Marina Circuit, Abu Dhabi, United Arab Emirates – 27/11/2016 – Mercedes’ Formula One driver Nico Rosberg of Germany drives during the race. REUTERS/Hamad I Mohammed Germany’s Nico Rosberg celebrated his first Formu... More »
Formula One – F1 – Abu Dhabi Grand Prix – Yas Marina Circuit, Abu Dhabi, United Arab Emirates – 27/11/2016 – Mercedes’ Formula One driver Lewis Hamilton of Britain celebrates after winning the race. REUTERS/Hamad I Mohammed The podium celebration was muted, an... More »
A booth introducing Alibaba Cloud services is seen at an exhibition venue during Alibaba Group’s 11.11 Singles’ Day global shopping festival in Shenzhen, China November 11, 2016. REUTERS/Bobby Yip Alibaba Cloud plans to open four new data facilities outside Ch... More »
Commercial banks in the Gulf could lose their ability to have dollar trades cleared through the U.S. banking system, increasing risks for them, the United Arab Emirates’ central bank governor warned on Monday. More »
Prominent Emirati businessman Mohamed Alabbar said on Sunday he had teamed up with Saudi Arabia’s Public Investment Fund (PIF) and other private investors to launch a $1 billion Middle Eastern-focused e-commerce platform. More »
Formula One – F1 – Brazilian Grand Prix – Circuit of Interlagos, Sao Paulo, Brazil – 13/11/2016 – Mercedes’ Lewis Hamilton of Britain sprays champagne during the victory ceremony after winning the race. REUTERS/Paulo Whitaker Lewis Hamilton chilled while other... More »
Golf – WGC-HSBC Champions Golf Tournament – Shanghai, China- 29/10/16 Alex Noren of Sweden in action. REUTERS/Aly Song – RTX2QXG6 Alex Noren has an outside chance of topping the Race to Dubai standings in the United Arab Emirates this weekend but the Swede is ... More »
The official opening of the Abu Dhabi branch of France’s Louvre museum has been postponed to 2017 due to pending construction work, the latest setback for the long-delayed project, three sources said on Thursday. More »
Formula One F1 – U.S. Grand Prix – Circuit of the Americas, Austin, Texas, U.S., 23/10/16. Mercedes’ Lewis Hamilton of Britain rubs his eyes following his victory as second placed finisher and teammate Nico Rosberg of Germany (L) and third placed Red Bull’s Da... More »
The building of Vodafone Egypt Telecommunications Co is seen at the Smart Village in the outskirts of Cairo, Egypt, October 27, 2015. REUTERS/Asmaa Waguih Vodafone Egypt and Etisalat Misr signed licensing agreements on Sunday for the operation of 4G mobile bro... More »
Saudi Arabia’s Energy Minister Khalid al-Falih talks during the 23rd World Energy Congress in Istanbul, Turkey, October 10, 2016. REUTERS/Murad Sezer Saudi Arabia’s Energy Minister Khalid al-Falih will not attend meetings on Wednesday between OPEC and non-OPEC... More »
Switzerland’s financial watchdog FINMA has sanctioned Falcon Private Bank Ltd after it “seriously breached” money-laundering regulations over its handling of funds linked to scandal-hit Malaysian state investment fund 1MDB, FINMA said on Tuesday. More »
Abu Dhabi investor Aabar is at this time not divesting Zurch-based Falcon Private Bank, the chief executive of the Swiss wealth manager said on Tuesday. More »
An empty reception area at Falcon Private Bank office in Singapore October 11, 2016. REUTERS/Edgar Su Abu Dhabi investment firm Aabar Investments [INPTVA.UL] said on Tuesday it was fully behind its Falcon Private Bank unit after it was sanctioned in relation t... More »
The Tamgak open air uranium mine is seen at Areva’s Somair uranium mining facility in Arlit, Niger, September 25, 2013. REUTERS/Joe Penney/File Photo The nuclear industry is gradually recovering from its post-Fukushima slump, but excess capacity keeps uranium ... More »
The exterior of a Schlumberger Corporation building is pictured in West Houston January 16, 2015. REUTERS/Richard Carson Investment in exploration and production will have to start increasing soon to help balance the global oil market, Schlumberger CEO Paal Ki... More »
The United Arab Emirates will finalize laws to more heavily regulate the sale of drones and their operations soon, aiming to minimize risks posed by unmanned aerial vehicles, an official at the aviation regulator said on Monday. More »
A person touches the south reflecting pool at the National September 11 Memorial and Museum on the 15th anniversary of the 9/11 attacks in Manhattan, New York, U.S., September 11, 2016. REUTERS/Andrew Kelly The Saudi-dominated Gulf Cooperation Council (GCC) on... More »
Switzerland’s Falcon Private Bank has appointed ex-Credit Suisse executive Walter Berchtold as chief executive to replace Eduardo Leemann, the wealth manager said on Thursday, confirming what sources earlier told Reuters. More »
Boys sit on the Iraqi-Turkish pipeline in Zakho district of the Dohuk Governorate of the Iraqi Kurdistan province, Iraq, August 28, 2016. REUTERS/Ari Jalal Iraq’s government would consider selling crude through Iran should talks with the autonomous Kurdish reg... More »
An illustration picture shows the logo of car-sharing service app Uber on a smartphone next to the picture of an official German taxi sign September 15, 2014. REUTERS/Kai Pfaffenbach/Illustration/File Photo Ride-hailing companies Uber [UBER.UL] and Careem have... More »
ABU DHABI A solar-powered aircraft successfully completed the first fuel-free flight around the world on Tuesday, returning to Abu Dhabi after an epic 16-month voyage that demonstrated the potential of renewable energy. The plane, Solar Impulse 2, touched down... More »
CAIRO An aircraft powered by solar energy left Egypt on Sunday on the last leg of the first ever fuel-free flight around the globe. Solar Impulse 2, a spindly single-seat plane, took off from Cairo in darkness en route to Abu Dhabi, its final destination, with... More »
DUBAI Authorities in the Gulf Arab states of Kuwait and United Arab Emirates on Friday warned of security dangers to playing the wildly successful new smartphone app Pokemon GO. Users must resist the urge to point camera phones at Pikachu popping out in front ... More »
CAIRO An airplane powered by energy from the sun arrived on Wednesday in Egypt, the penultimate stop on the first fuel-free flight around the globe. Solar Impulse 2, a spindly single-seat plane, flew over the Pyramids to make a smooth landing at Cairo airport ... More »
FARNBOROUGH, England Europe’s Airbus on Tuesday cut the delivery target for its A380 superjumbo to 12 a year from 2018, down from 27 in 2015 and about half what is projected for this year, to prevent a glut of unsold planes as airlines shun the industry’s behe... More »
SEVILLE, Spain An airplane powered solely by energy from the sun took off from southern Spain early on Monday on the penultimate leg of the first ever fuel-free round-the-world flight. The single-seat Solar Impulse 2 lifted off from Seville at 0420 GMT (12:20 ... More »
DUBAI Dubai has opened what it said was the world’s first functioning 3D-printed office building, part of a drive by the Gulf’s main tourism and business hub to develop technology that cuts costs and saves time. The printers – used industrially and also on a s... More »
DUBAI Yemeni government forces and their allies killed more than 800 al Qaeda fighters when they advanced into the port city of Mukalla, the Saudi-led pro-government coalition said. Yemeni and Emirati soldiers seized the seaport on Sunday, depriving the group ... More »
LONDON A meticulous recreation of the 1,800-year-old Arch of Triumph in Palmyra, Syria, destroyed by Islamic State militants last year, has been erected in Trafalgar Square in what London Mayor Boris Johnson called an act of defiance. The 5.5-metre (20ft) mode... More »
DOHA A deal to freeze oil output by OPEC and non-OPEC producers fell apart on Sunday after Saudi Arabia demanded that Iran join in despite calls on Riyadh to save the agreement and help prop up crude prices. The development will revive oil industry fears that ... More »
DOHA Qatar’s Al Jazeera broadcasting network is laying off about 500 employees or more than 10 percent of its staff, it announced on Sunday reflecting financial pressures on the tiny Gulf state due to low global prices for oil and natural gas. Most of those af... More »
BEIRUT The Syrian army advanced toward the Turkish border on Monday in a major offensive backed by Russia and Iran that rebels say now threatens the future of their nearly five-year-old insurrection against President Bashar al-Assad. Iranian backed-militias pl... More »
DUBAI Iran took steps on Monday to try to limit the diplomatic damage from an attack on Saudi Arabia’s embassy in Tehran by an angry mob, laying blame on a top security official and saying some of those who carried out the attack were being interrogated. Irani... More »
DUBAI President Hassan Rouhani ordered his defense minister on Thursday to expand Iran’s missile program, in defiance of a U.S. threat to impose sanctions over a ballistic missile test Iran carried out in October. Under a landmark agreement it clinched with wo... More »
SINGAPORE Stan Wawrinka showed his class in both singles and doubles to lead the Singapore Slammers to victory in the International Premier Tennis League (IPTL) final in front of a delighted home crowd at the Indoor Stadium on Sunday. Matches in the Asia-based... More »
BERLIN Volkswagen has denied a report saying its chief executive and chairman were urged on Sunday by its third-largest shareholder to reduce the influence of VW’s powerful unions as it battles to overcome its emissions scandal. CEO Matthias Mueller and Chairm... More »
ABU DHABI U.S. Secretary of State John Kerry was set to hold talks with senior Emirati and Saudi officials in Abu Dhabi on Monday to find ways to bring Syrian opposition groups together at a conference that will be hosted by Saudi Arabia next month. The hastil... More »
MOSCOWRussia and Iran have signed a contract for Moscow to supply Tehran with S-300 surface-to-air missile systems, Sergei Chemezov, the chief executive of Russian state-owned defense conglomerate Rostec, was quoted by the RIA news agency as saying on Monday. ... More »
ABU DHABI The opening of Abu Dhabi’s branch of the iconic Louvre museum has been postponed until next year because building work still needs doing, a senior official said on Saturday, the latest delay to the high-profile project. The museum was originally sche... More »
VIENNA/MUNICH Austria said on Sunday it planned to end emergency measures that have allowed thousands of refugees stranded in Hungary into Austria and Germany since Saturday and move step by step “towards normality”. Austria had suspended its random border che... More »
DUBAI Emirates Airline [EMIRA.UL] said Tuesday that state-owned Gulf Arab airlines were not to blame for overcapacity on services between the United States and Dubai, rejecting criticism by U.S. carrier Delta Air Lines (DAL.N). Delta said Sunday it had reduced... More »
ADEN, Yemen Yemeni fighters backed by Saudi-led air strikes battled to take back northern suburbs of Aden from Houthi opponents on Tuesday, residents said, a day after completing their capture of the center of the strategic port city. The country’s dominant Ho... More »
TORONTO BlackBerry Ltd (BB.TO), which has been coy about its ambitions to make a mainstream Android smartphone, fueled more speculation about its plans this week when it scooped up two Android-related domain names. Several blog posts in the last two days have ... More »
