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ABOUT DUBAI

News & Updates

  • Tunisian lawyers demonstrate against the government's proposed new taxes, near the courthouse in Tunis, Tunisia. (Image: Reuters)
    * The agreement reduces the prospect of widespread social unrest over austerity measures proposed in Tunisia’s 2017 draft budget * The UGTT had called a strike for Thursday over a proposed freeze on public-sector wage increases * Tunisia’s economy has struggled and it faces pressure from international lenders to reduce public spending and cut the deficit   Tunisia’s […]
  • Russia said it sold a stake in oil giant Rosneft for $11.3 billion to Qatar and commodities trader Glencore. (Image: Reuters)
    * Kremlin says deal is worth 10.5bn euros * It shows lure of Russian oil assets, despite sanctions * Deal comes days after OPEC, Moscow agree on output cuts * After Trump win, investors re-evaluating Russia risk    Russia said on Wednesday it sold a stake in oil giant Rosneft for 10.5 billion euros ($11.3 billion) to Qatar and […]
  • Local Oil Industry in Iran. (Image: Alamy)
    Shell signs a provisional agreement to develop Iran’s oil and gas fields, an Iranian official said. Here are the business stories you need to know today.   Qatari fund to buy 19.5 per cent stake in Rosneft Russia said on Wednesday it sold a stake in oil giant Rosneft for 10.5 billion euros ($11.3 billion) to […]
  • Business growth and progress concept. (Image: Alamy)
    * Many UAE CEOs worried about 2017 and also that recession is imminent * Majority of CEOs believe their businesses will experience “significant change” in next 3 years * 91 per cent of UAE CEOs expect their organisations to grow * Regulatory risks, talent risks and reputation risks considered ‘most significant threats”   Economies in the Middle East region, […]
  • Interior view of the economy class section of the Qatar Airways Airbus A350-900. (Image: Alamy)
    * Ink will produce Qatar Airways’ monthly in-flight magazine Oryx * First edition under Ink is expected to appear on January 1 * Each edition of Oryx to have different theme * Ink publishes 26 in-flight magazines for 20 airlines   London-based publisher Ink has closed a deal to produce Qatar Airways’ monthly in-flight magazine Oryx, Saudi English-language daily […]
  • The medieval "castletown" of Monemvasia (or "Malvasia"), in Lakonia Prefecture, Peloponnese, Greece. (Image: Alamy)
    * This is part of a key privatisation scheme under Greece’s international bailout since 2010. * Jermyn Street said it aimed to make the complex a prime destination for visitors from around the world. * The fund represents investors from Turkey, Abu Dhabi, Kuwait and other Arab emirates.   A Turkish-Arab fund plans to spend up to about […]
  • Investors monitor screens displaying stock information at the Saudi Stock Exchange in Riyadh. (Image: Reuters)
    * No major rules changes needed for Saudi Aramco IPO * It may need to look at operations for dual listing * Nearly 10 applications for SME market received   Saudi Aramco’s planned flotation is unlikely to require any major changes to Saudi Arabia’s securities rules, the vice chairman of the kingdom’s market regulator said. The state oil […]
  • View showing residential and commercial districts of Riyadh, Saudi Arabia. (Image: Alamy)
    * The new housing firm will be called Saudi Refinancing Company * Saudi authorities plan to raise the proportion of Saudi homeowners to reach 52 per cent by 2020. * The initiative is part of a reform agenda to diversify the economy   Saudi Housing Minister Majed al-Hogail announced on Tuesday the formation of a company to refinance up to […]
  • Oil-refinery petrochemical chemical industry fuel distillation of petrol industrial. (Image: Alamy)
    Abu Dhabi National Oil Company (ADNOC) has cut the November selling price for its Murban crude ahead of the OPEC cut. Here are the business stories you need to know about today.   Qatar’s CBQ to raise stake in Turkey’s Alternatifbank Commercial Bank of Qatar (CBQ), the Gulf Arab state’s third-largest lender by assets, said […]
  • China and Egypt. (Image: Alamy)
    * The currency arrangement between China and Egypt could be extended by mutual consent * The move aims to promote trade and investment and maintain financial stability in both countries * No details were provided on how the currency swap would work   China and Egypt on Tuesday concluded an 18 billion yuan ($2.62 billion) three-year bilateral currency […]

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P.O.Box 43391,
Dubai - UAE

Tel: +9714 343 8881
Fax: +9714 343 9991
Email: info@stargroupgulf.com
OUR PROJECTS

Hot Properties

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