Industry Summits
Gulf stocks to improve as foreign interest grows
DUBAI (Reuters) - A year after a crash, Gulf stock markets are still tumbling, but will pick up amid slowly rising interest by foreign investors, local market players say. Full Article
Gulf Arab banks rival Morgan Stanley for talent
DUBAI (Reuters) - Gulf Arab financial service companies, such as National Bank of Kuwait and Dubai's Istithmar, are finding it harder and more expensive to recruit, adding to their costs and in some cases limiting expansion. Full Article
Oil price moves leave Gulf investors unfazed
DUBAI (Reuters) - Fluctuating oil prices may keep major producers and consumers awake at night, but Gulf investors flush with cash from recent oil price spikes say market volatility is barely causing a ripple on their horizons. Full Article
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Gulf Arab investors target Asia as U.S. ties wane
DUBAI (Reuters) - Gulf Arab investors are increasingly looking to Asia to invest windfall oil revenue, eager to ride the rise of China and India and diversify away from their traditional ties with the United States. Full Article
Kingdom Hotel taps extra revenue on property
DUBAI (Reuters) - Kingdom Hotel Investments plans to beef up revenues by selling real estate developed as part of its hotel products, with projected revenues from ancillary property seen between $225 and 280 million over the next five years. Full Article | Video
Emirates working with Airbus on A380 delivery
DUBAI (Reuters) - Dubai-based Emirates Airline said it is working with Airbus to ensure delivery next year of its A380 superjumbo aircraft for which it is the largest customer, though it raised concerns about industrial action. Full Article
Emirates to grow organically, rules out takeovers
DUBAI (Reuters) - Dubai-based Emirates airline plans to grow organically and is not in talks on any acquisitions, Emirates President Tim Clark said on Tuesday. Full Article
Iran fears not denting Gulf boom
DUBAI (Reuters) - Fears that the standoff between the West and Iran may spark a regional conflict have not yet dented an investment boom in the Gulf, but a major escalation could be a serious economic blow, regional business leaders say. Full Article | Video
Emirates says needs Sri Lanka carrier assurance
DUBAI (Reuters) - Emirates airline said the Sri Lankan government, beset by renewed fighting with Tamil separatists, needs to convince it to continue managing its national carrier, the contract for which runs out next year. Full Article
Dubai considers approaches for DIFX bourse stake
DUBAI (Reuters) - Dubai is exploring approaches it has had from around six parties interested in taking a stake in the Dubai International Financial Exchange, the governor of the emirate's financial services investment zone said on Tuesday. Full Article
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