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Gulf stocks to improve as foreign interest grows

DUBAI 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.

Gulf Arab banks rival Morgan Stanley for talent

DUBAI 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.

Oil price moves leave Gulf investors unfazed

DUBAI 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.

Gulf Arab investors target Asia as U.S. ties wane

DUBAI 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.

Kingdom Hotel taps extra revenue on property

DUBAI 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. | Video


Emirates working with Airbus on A380 delivery

DUBAI 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.

Emirates to grow organically, rules out takeovers

DUBAI Dubai-based Emirates airline plans to grow organically and is not in talks on any acquisitions, Emirates President Tim Clark said on Tuesday.


Iran fears not denting Gulf boom

DUBAI 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. | Video

Emirates says needs Sri Lanka carrier assurance

DUBAI 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.

Dubai considers approaches for DIFX bourse stake

DUBAI 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.

Kingdom Hotel targets Asia in growth drive

DUBAI Kingdom Hotel Investments will buy at least three more hotels in Asia in 2007 and is targeting the region for further expansion in 2008, the group's Chief Executive Sarmad Zok said on Tuesday.


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