Edition:
United States

Alexander Cornwell

Mideast ride-hailing app Careem raises $200 million to expand, expects more funds

4:52am EDT

DUBAI Middle East ride-hailing company Careem said on Thursday it had secured $200 million in fresh funding from existing investors and that it expects to raise more to finance expansion plans.

Mideast ride-hailing app Careem secures $200 mln new funding

12:33am EDT

DUBAI, Oct 18 Middle East ride-hailing company Careem said on Thursday it had secured $200 million in new funding from existing investors, including from Saudi Arabian billionaire Prince Alwaleed bin Talal’s Kingdom Holding.

Dubai's $36 billion Al Maktoum airport expansion put on hold: sources

Oct 03 2018

DUBAI The expansion of Dubai's second airport, Al Maktoum International, to handle 120 million passengers a year by 2025 has been delayed, according to sources familiar with the matter.

Dubai's $36 bln Al Maktoum airport expansion put on hold - sources

Oct 03 2018

DUBAI, Oct 3 The expansion of Dubai's future airport Al Maktoum International to handle 120 million passengers a year by 2025 has been delayed, according to sources familiar with the matter.

DAMAC Properties calls bottom for weakened Dubai real estate

Oct 02 2018

DUBAI Dubai's real estate market faces another few quarters of "soft market conditions" before starting to rebound from late 2019, DAMAC Properties' chief financial officer said.

Qatar launches WTO proceedings against Saudi Arabia over alleged IP violation

Oct 01 2018

DUBAI Qatar has started proceedings against Saudi Arabia at the World Trade Organization (WTO), accusing it of intellectual property rights violations, Qatar's economy ministry said on Monday.

Emirates, Etihad airlines deny report they may merge

Sep 20 2018

DUBAI State-owned Emirates and Etihad, two of the Middle East's top airlines, denied a Bloomberg report on Thursday which quoted unnamed sources as saying Emirates was seeking to take over smaller Etihad to create the world's largest carrier.

MIDEAST STOCKS-Egypt plunges as liqudity tightens, Saudi climbs

Sep 19 2018

* Emerging market jitters, currency and interest rate fears cited

In peace between Ethiopia and Eritrea, UAE lends a helping hand

Aug 08 2018

ADDIS ABABA/DUBAI When the leaders of Ethiopia and Eritrea embraced in Asmara last month, promising to end the two-decade-old state of war between their two countries, it looked like a sudden breakthrough.

EU, Switzerland, U.S. complain about Gulf excise tax at WTO

Jul 17 2018

DUBAI The European Union, Switzerland and the United States have complained at the World Trade Organisation about an excise tax imposed by several Gulf Arab states on carbonated and energy drinks, according to notes of a WTO meeting and diplomatic sources.

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