Dubai

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  1. Dubai house prices to fall 10 pct in 2015 - JLL

    Headlines

    Tue, 27 Jan 2015

    DUBAI , Jan 27 (Reuters) - Dubai house prices will fall by up to 10 percent in 2015 after rising almost 60 percent in two years, with the emirate's robust economy helping it avoid a repeat of a crash in 2008-9 despite a slump in oil prices

  2. Saudi's Samba proposes 8 bln riyal bonus share issue to raise capital

    Headlines

    Tue, 27 Jan 2015

    DUBAI , Jan 27 (Reuters) - Saudi Arabia's Samba Financial Group said on Tuesday its board had proposed increasing the bank's capital by 8 billion riyals ($2.13 billion) through issuing bonus shares to help support future growth.

  3. Zain Saudi gets regulator nod for second capital cut

    Headlines

    Tue, 27 Jan 2015

    DUBAI , Jan 27 (Reuters) - Zain Saudi has received regulatory approval to cut its capital for a second time, a move common in Saudi Arabia to offset accumulated losses, the telecom operator said on Tuesday.

  4. Gulf Bank Q4 net profit climbs 10.7 pct, proposes stock dividend

    Headlines

    Tue, 27 Jan 2015

    DUBAI , Jan 27 (Reuters) - Kuwait's Gulf Bank, the Gulf State's fourth-largest lender by assets, reported a 10.7 percent rise in fourth-quarter net profit on Tuesday.

  5. Abu Dhabi bank UNB posts 42 pct Q4 net profit gain; hikes dividend

    Headlines

    Tue, 27 Jan 2015

    DUBAI , Jan 27 (Reuters) - Union National Bank, 50 percent owned by the Abu Dhabi government, posted a 42 percent rise in fourth-quarter net profit on Tuesday, just missing analysts' forecasts.

  6. Dubai airport claims top spot for global passenger traffic in 2014

    Headlines

    Tue, 27 Jan 2015

    DUBAI , Jan 27 (Reuters) - Dubai International Airport was the world's busiest for international passenger traffic last year, it said on Tuesday, taking that title for the first time from London's Heathrow Airport, which has been running into capacity constraints.

  7. Gourmet date company Bateel to sell minority stake - sources

    Headlines

    Tue, 27 Jan 2015

    DUBAI , Jan 27 (Reuters) - Bateel, which makes chocolate-covered dates and other delicacies, is looking to sell a minority stake and two international investors are said to be interested, people familiar with the matter said.

  8. UPDATE 2-MIDEAST STOCKS-Egypt resumes rally; Saudi Arabia extends gains

    Headlines

    Tue, 27 Jan 2015

    DUBAI , Jan 27 (Reuters) - Egypt's stock market turned bullish again in early trade on Tuesday after a short bout of profit-taking, while Saudi Arabia's bourse edged up on the back of banking stocks.

  9. Dubai -Luxembourg firm launches Islamic factoring for SMEs

    Headlines

    Tue, 27 Jan 2015

    Jan 27 (Reuters) - An investment group based in Dubai and Luxembourg has launched an Islamic trade receivables financing platform catering to the Gulf region's small businesses, with plans to tap the capital markets to fund the venture, its chief executive told Reuters.

  10. Bullets hit flydubai passenger jet at Baghdad airport

    Headlines

    Tue, 27 Jan 2015

    BAGHDAD, Jan 27 (Reuters) - Bullets hit a passenger jet operated by budget carrier Dubai Aviation Corp, known as flydubai, as it was landing at Baghdad airport, the company and officials said on Tuesday.

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