Edition:
United States

Tom Arnold

Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.

Twitter handle: @jeffmason1

9:50am EDT

Exclusive: Dubai looking into forming $1 billion shipping investment fund - sources

LONDON/DUBAI Dubai is looking into creating a $1 billion investment fund focused on shipping to develop the Gulf city's maritime sector and ride out a global industry downturn, three finance sources familiar with the plans say.

5:20am EDT

Kuwait logistics firm Agility says settles U.S. criminal case

DUBAI Kuwait's Agility, one of the largest Gulf logistics companies, said it would be able to bid again for new United States government work after settling a criminal case involving food-supply contracts to the U.S. military between 2003 to 2010.

May 23 2017

Gulf bidders emerge for UASC-linked shipping unit: sources

LONDON/DUBAI Gulf-based bidders have emerged for the part-owned subsidiary of United Arab Shipping Company (UASC) whose sale is key to finalizing the merger between UASC and German container shipping line Hapag Lloyd , sources close to the matter said.

May 22 2017

NMC Health, Ashmore, Dallah weighing bids for Saudia medical unit-sources

DUBAI/ABU DHABI, May 22 UAE health operator NMC Health, asset manager Ashmore Group and Dallah Health are separately considering bids for the Jeddah-based medical services business of Saudi Arabian Airlines (Saudia) which could fetch $500 million, sources familiar with the deal said.

May 22 2017

Exclusive: Bunge, ARASCO to jointly bid for Saudi state grains agency - sources

ABU DHABI/DUBAI U.S. agricultural trader Bunge is looking to bid for the Saudi state grain company's milling operations, sources said, the second global commodities company to show interest in the privatization of the kingdom's sole wheat and barley buyer.

May 18 2017

UAE Exchange Group targets up to $300 million in acquisitions

DUBAI UAE Exchange Group, a global remittance and foreign exchange business, aims to spend between $250 million and $300 million (£192 million to £230.4 million) on acquisitions to build its global market share, its chief executive said.

May 17 2017

Expansion of Dubai's Al Maktoum airport delayed to 2018

DUBAI An expansion of Dubai's Al Maktoum International Airport has been delayed by a year until 2018, the airport's operator said on Wednesday.

May 16 2017

Saudi sale of the century lures foreign investment banks, PE firms

DUBAI One of the world's largest privatization programs is drawing foreign investment banks and private equity (PE) firms to Saudi Arabia, despite the prospect of low fees and an uncertain regulatory environment.

May 15 2017

DAMAC predicts Dubai property supply rise as market turns corner

DUBAI, May 15 DAMAC Properties expects around 11,000 to 12,000 residential properties to hit the Dubai market in 2017, a steady increase compared to the average over the last two years, the group's chief finance officer said.

May 11 2017

JPMorgan to add bankers in Saudi Arabia to reflect market growth

DUBAI JPMorgan will increase the number of bankers it has in Saudi Arabia to around 80 by the end of the year to capitalise on the increase in equity market activity and mergers and acquisitions in the kingdom, a senior executive said.

More From Around the Web

Markets

  • U.S.
  • Europe
  • Asia
  • Sectors

Sector Summary