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Emirates, One of the World’s Biggest Airlines, Halts All Passenger Flights Over COVID-19

In the Middle East, airlines have lost more than $7 billion in revenue as of March 11 DUBAI.....»»

Category: topSource: timeMar 22nd, 2020

A Middle East Financial Crisis Is In The Making

A Middle East Financial Crisis Is In The Making Authored by Tsvetana Paraskova via OilPrice.com, A Dubai-based.....»»

Category: blogSource: zerohedgeFeb 19th, 2020

I took a Careem, the ride-hailing app Uber snapped up for $3 billion to dominate the Middle East. It was clear why Uber wanted it.

Thomson Reuters Uber finalized its purchase of the Dubai-based ride-hailing app Careem for $3.1 billion .....»»

Category: topSource: businessinsiderFeb 2nd, 2020

The Dubai Airshow proved just how important the Middle East is for aviation

Shayanne Gal/Business Insider Both Airbus and Boeing see the Middle East as increasingly important when it comes to commercial aviation. This week's Dubai Airshow demonstrated that clearly. Both plane-makers received orders .....»»

Category: topSource: businessinsiderNov 22nd, 2019

Buffett bets on Dubai property as market prolongs slump

Warren Buffett’s real estate brokerage is expanding into the Middle East with an office in Dubai......»»

Category: topSource: moneycentralApr 28th, 2019

Middle East Stocks Mixed, Dubai Extends Winning Streak to Nine Session

Mideast shares were mixed wit.....»»

Category: futuresSource: nasdaqApr 9th, 2019

Uber looks to pick up Careem in $3 billion deal: sources

Uber Technologies Inc is set to offer over $3 billion to buy Dubai-based rival Careem Networks FZ, two sources familiar with the deal told Reuters, in a deal that will strengthen its operations in the Middle East......»»

Category: topSource: reutersMar 25th, 2019

Uber Targets Middle-East Expansion with $3.1 Billion Deal for Dubai-Based Careem

The deal signals an .....»»

Category: europeSource: fortuneMar 25th, 2019

Report: Uber to acquire Middle East rival for $3.1 billion

Uber Technologies is planning to announce a $3.1 billion acquisition of its Middle East rival Careem Networks FZ this week, according to a Bloomberg report. The buyout of the Dubai-based ride-hailing company will include $1.4 billion in cash and $1.7.....»»

Category: topSource: bizjournalsMar 24th, 2019

Dubai payment firm Network International to list in London

The Dubai-based payment processing firm Network International, which completes credit card transactions across the Middle East and North Africa, is preparing for an initial public offering......»»

Category: topSource: foxnewsMar 14th, 2019

Planemakers risk order disruption as Etihad reviews strategy

DUBAI/PARIS/ABU DHABI (Reuters) - Airbus and Boeing are preparing for possible changes to dozens of plane orders from Middle East carrier Etihad Airways as it presses ahead with a company-wide review, four sources familiar with the matter said......»»

Category: topSource: reutersMay 6th, 2018

Emirates Airline the Number 1 Airline

Leading Middle East airline Emirates said on Wednesday its net profits had more than doubled last year, mainly on improved cargo business. The Dubai flagship carrier poste.....»»

Category: topSource: livetradingnewsMay 9th, 2018

Uber is reportedly in talks with Dubai ride-sharing service Careem to merge their Middle East operations

Tero Vesalainen/Shutterstock Uber Technologies is in preliminary tal.....»»

Category: topSource: businessinsiderJul 4th, 2018

Dubai"s Noon takes on Amazon

CNN spoke with Mohamed Alabbar, founder of Emaar Properties and Noon, about his plans to challenge Amazon in the Middle East......»»

Category: videoSource: cnnJul 16th, 2018

Saudi Arabia is stumbling in its effort to build a global financial center

Saudi Arabia is stumbling in its effort to build a cosmopolitan financial center in the Middle East. The oil kingdom could learn a lot from the success of its neighbor Dubai, which is now a global banking hub......»»

Category: topSource: moneycentralAug 21st, 2018

Saudi Arabia is stumbling in its effort to build a global financial center

Saudi Arabia is stumbling in its effort to build a cosmopolitan financial center in the Middle East. The oil kingdom could learn a lot from the success of its neighbor Dubai, which is now a global banking hub......»»

Category: topSource: moneycentralAug 21st, 2018

Hilton (HLT) Opens Hotel in Dubai, Expands Hampton Brand

As part of its continual expansion strategy, Hilton (HLT) launches hotel in the Middle East after making a ma.....»»

Category: worldSource: nytSep 6th, 2018

A haven for money in the Middle East, Dubai is losing its shine

Ever since the first gleaming towers sprang out of the desert, Dubai has gotten used to rapid change. It’s no stranger to boom-and-bust. What’s happening now is different: a slow bleed......»»

Category: topSource: moneycentralNov 18th, 2018

A haven for money in the Middle East, Dubai is losing its shine

Ever since the first gleaming towers sprang out of the desert, Dubai has gotten used to rapid change. It’s no stranger to boom-and-bust. What’s happening now is different: a slow bleed......»»

Category: topSource: moneycentralNov 18th, 2018

A Haven for Money in the Middle East, Dubai Is Losing Its Shine

Ever since the first gleaming towers sprang out of the desert, Dubai has gotten used to rapid change. It’s no stranger to boom-and-bust. What’s happening now is different: a slow bleed......»»

Category: topSource: moneycentralNov 19th, 2018