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Nawied Jabarkhyl

Exclusive: Uber's Middle East rival Careem in talks on new funds - sources

Mar 28 2018

DUBAI Careem, Uber's main [UBER.UL] ride-hailing app rival in the Middle East, is in early talks to raise as much as $500 million in new funds from investors, sources told Reuters.

UAE must do more on transparency to get off tax blacklist: EU envoy

Dec 06 2017

DUBAI The United Arab Emirates will have to do more to address the European Union's concerns about tax transparency if it is to be removed from a tax-haven blacklist, the EU's ambassador to the UAE said on Wednesday.

Help wanted: UAE retailer trawls Silicon Valley for data specialists

Oct 19 2017

DUBAI Dubai's Majid Al Futtaim, the Middle East operator of French retailer Carrefour SA, is hiring 200 people as it rolls out an ambitious strategy to expand its digital and e-commerce operations, its chief executive told Reuters.

Emaar's property development business valued at $6.5 billion ahead of Dubai IPO: sources

Oct 02 2017

DUBAI The real estate development business of Emaar Properties , which is being listed in an initial public offering (IPO) in Dubai, is expected to be valued at 24 billion dirhams ($6.5 bln), two people familiar with the deal said.

Emaar's property development business valued at $6.5 bln ahead of Dubai IPO -sources

Oct 02 2017

DUBAI, Oct 2 The real estate development business of Emaar Properties, which is being listed in Dubai, is expected to be valued at 24 billion dirhams ($6.5 bln), two people familiar with the deal said.

Iraq oil min says premature to decide on future of output deal

Sep 19 2017

FUJAIRAH, United Arab Emirates OPEC and other oil producers are discussing several options for their supply-cut pact, including an extension and a further cut, but it is premature to decide on what to do beyond March, when the agreement expires, Iraq's oil minister said on Tuesday.

Oman counts on Chinese billions to build desert boomtown

Sep 06 2017

DUQM, Oman, In the remote desert along Oman's southern coast, construction machines hired by a Chinese consortium are leveling an expanse of pale orange sand - a first step toward billions of dollars of investment. | Video

China's ICBC Doha clears more than $86 bln in yuan transactions

Apr 26 2017

DUBAI, April 26 Industrial and Commercial Bank of China has cleared more than 590 billion yuan ($86 billion) in transactions in Qatar in the nearly two years since it opened its clearing centre in the Gulf state, an executive told Reuters.

Oil prices will be much more volatile in 2017: IEA

Jan 15 2017

ABU DHABI Global oil prices will witness "much more volatility" in 2017 even though markets may rebalance in the first half of the year if output cuts pledged by producers are implemented, the head of the International Energy Agency (IEA) said on Sunday.

ICBC aims for benchmark dollar bond via Dubai by year-end

Aug 11 2016

DUBAI, Aug 11 Industrial and Commercial Bank of China (ICBC) aims to issue a U.S. dollar-denominated, benchmark-sized bond through its Dubai office before the end of the year if market conditions permit, a senior executive at the bank said.

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