Economy of Dubai http://www.globalpost.com/taxonomy/term/28591/all en Dubai gold dealers shun Turkish bars on fears of link to Iran http://www.globalpost.com/dispatch/news/thomson-reuters/130130/dubai-gold-dealers-shun-turkish-bars-fears-link-iran <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Most dealers in Dubai's gold souk shun Turkish gold</p> <p>* Banks irked due to Turkey's booming gold trade with Iran</p> <p>* Traders in Dubai edgy over possible local government probe</p> <p>By Humeyra Pamuk</p> <p>DUBAI, Jan 30 (Reuters) - Trade in Turkish gold bars to Iran via Dubai is drying up as a growing number of banks and dealers refuse to buy the bullion to avoid the risks associated with Turkey's gold-for-gas trade with Iran.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130130/dubai-gold-dealers-shun-turkish-bars-fears-link-iran" target="_blank">read more</a></p> Commodities market Dubai Economy of Dubai United Arab Emirates Thomson Reuters Wed, 30 Jan 2013 12:00:48 +0000 5741460 at http://www.globalpost.com Gulf Arab stocks follow global rally http://www.globalpost.com/dispatch/news/asianet/130412/gulf-arab-stocks-follow-global-rally <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> Equity indices from Kuwait to Oman advanced Thursday as investors increasingly shift from commodities like gold to stocks. While U.S. stock markets climb to new highs, Arab bourses follow. The Dubai Financial Market General gained 1 percent to reach 1, 973.57 points, representing the highest level since Nov. 30, 2012. Investment bank Shuaa Capital surged to a six-week high at 0.59 Dirham (US$ 0.16).</p><P>At Dubai's international exchange, the FTSE NASDAQ Dubai UAE 20 Index closed half a percentage higher at 2,333.55 points.</p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130412/gulf-arab-stocks-follow-global-rally" target="_blank">read more</a></p> Asia Economy of Dubai Middle East Asianet Fri, 12 Apr 2013 21:34:07 +0000 Asianet 5814472 at http://www.globalpost.com StanChart banker Nelson to take helm at Dubai's ENBD http://www.globalpost.com/dispatch/news/thomson-reuters/130625/stanchart-banker-nelson-take-helm-at-dubais-enbd <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By David French</p> <p>DUBAI (Reuters) - Emirates NBD's &lt;ENBD.DU&gt; appointment of a senior Standard Chartered &lt;STAN.L&gt; banker with Asia experience as its new group chief executive reinforces the trend of Gulf-based banks looking beyond their own region for their next growth phase.</p> <p>Shayne Nelson, currently based in Singapore as the British-based lender's head of private banking, will assume the top job at Dubai's largest lender when current CEO Rick Pudner leaves at the end of the year.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130625/stanchart-banker-nelson-take-helm-at-dubais-enbd" target="_blank">read more</a></p> Asia Business Economy of Dubai Emirates NBD Technology Thomson Reuters Tue, 25 Jun 2013 17:32:33 +0000 5867139 at http://www.globalpost.com Dubai's financial district plans $4.1 billion expansion http://www.globalpost.com/dispatch/news/thomson-reuters/131008/dubais-financial-district-plans-41-billion-expansion <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>DUBAI (Reuters) - Dubai International Financial Centre (DIFC) announced plans on Tuesday for a 15 billion-dirham ($4 billion) expansion, as the tax-free business zone looks to attract more global firms.</p> <p>DIFC Properties, which oversees the property development of the DIFC zone, is looking for investors to develop about 10 million square feet of property through joint ventures, DIFC Properties' chief executive Brett Schafer said in an interview.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/131008/dubais-financial-district-plans-41-billion-expansion" target="_blank">read more</a></p> Dubai Economy of Dubai Technology United Arab Emirates Thomson Reuters Tue, 08 Oct 2013 15:31:32 +0000 5955154 at http://www.globalpost.com Deutsche Bank found in 'material non-compliance' with Dubai regulator http://www.globalpost.com/dispatch/news/thomson-reuters/140209/deutsche-bank-found-material-non-compliance-dubai-regulator <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>DUBAI (Reuters) - The regulator of Dubai's tax-free financial centre said on Sunday that Deutsche Bank &lt;DBKGn.DE&gt; had been found to be in "material non-compliance" with orders to provide information as part of an investigation into alleged rule breaches.</p> <p>The Dubai Financial Services Authority (DFSA) had in November last year sued the lender, after almost one year of investigations into the bank's wealth management division.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140209/deutsche-bank-found-material-non-compliance-dubai-regulator" target="_blank">read more</a></p> Dubai International Financial Centre Economy of Dubai United Arab Emirates Thomson Reuters Sun, 09 Feb 2014 09:30:35 +0000 6065476 at http://www.globalpost.com Dubai plans to set up high-tech entrepreneurship center http://www.globalpost.com/dispatch/news/xinhua-news-agency/140531/dubai-plans-set-high-tech-entrepreneurship-center <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Xinhua News Agency </div> </div> </div> <!--paging_filter--><p>Dubai plans to set up high-tech entrepreneurship center</p> <p>DUBAI, May 31 (Xinhua) -- The authority of the free zone Dubai silicon oasis (DSOA) announced here on Saturday it plans to set up Dubai technology entrepreneurship center (DTEC) in order to boost entrepreneurs in the technology field.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2014 Xinhua News Agency.</a></p> <p>Xinhua is China's state-run news agency.</p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/xinhua-news-agency/140531/dubai-plans-set-high-tech-entrepreneurship-center" target="_blank">read more</a></p> Dubai Economy of Dubai Geography of the United Arab Emirates Technology Xinhua News Agency Sat, 31 May 2014 18:05:28 +0000 6163230 at http://www.globalpost.com Greek navy to fast-track long-delayed submarine order http://www.globalpost.com/dispatch/news/afp/131109/football-bayern-break-30-year-old-league-record <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Greece's navy on Friday said it would complete a long-delayed submarine order that has sparked multi-billion-euro litigation between Athens and leading German and Arab shipyards in the next two years.</p> <p>The dispute, spanning over a decade, concerns the building of three 214-class submarines at Hellenic Shipyards, Greece's main shipbuilding facility where hundreds of jobs are at stake.</p> <p>A navy source said the three submarines -- named Pipinos, Matrozos and Katsonis -- are "absolutely vital to the navy and a huge effort will be made to complete them".</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/131109/football-bayern-break-30-year-old-league-record" target="_blank">read more</a></p> Abu Dhabi MAR Economy of Dubai Hellenic Navy AFP Sat, 09 Nov 2013 17:20:36 +0000 5984763 at http://www.globalpost.com