Australian construction firm Leighton Holdings Ltd said on Monday it will pay about A$870 million ($707 million) for a 45 percent stake in Dubai-based Al Habtoor Engineering as it continues to expand in the lucrative Gulf market.
OMX Chairman Urban Backstrom said Borse Dubai's all-cash bid was not more attractive than Nasdaq's share-and-cash bid and called it hostile, newspapers reported on Monday.
'Galactic Suite,' the first hotel planned in space, expects to open for business in 2012 and would allow guests to travel around the world in 80 minutes.
Sweden's financial regulator said on Friday it had requested information from Borse Dubai regarding its move this week to acquire shares in OMX and was considering whether a statement from the state-run firm may already represent an offer to buy all of OMX.
India's leading biotechnology enterprise, Biocon, has inked an agreement with Abu Dhabi-based Neopharma to establish a joint venture company NeoBiocon to develop specialty bio-pharmaceutical products and provide biotherapeutics for the United Arab Emirates (UAE) market.
Dubai-based private equity firm Istithmar raised its offer to acquire Barneys New York Inc. from Jones Apparel Group Inc. to $900 million on Sunday, matching a bid by Japan's Fast Retailing Co. Ltd.
Oil fell more than $1 towards $75 a barrel on Tuesday after further assurances from OPEC that it would pump more crude if needed and expectations of higher U.S. fuel stockpiles.
Oil fell below $77 a barrel on Monday as some funds booked profits after OPEC expressed concern over near-record prices and pledged to pump more crude if needed.
David Schlesinger and Simon Webb
OPEC is concerned about the potential impact of the near-record price of oil on the world's economy but has seen little sign that growth has been hit by higher energy costs, the group's president said on Sunday.
U.S. crude price could top $90 a barrel this autumn and hit $95 by the end of the year if OPEC keeps oil production capped at current levels, Goldman Sachs said in a report issued on Monday.
Two government funds in the United Arab Emirates denied on Monday they were looking to acquire either Jaguar or Land Rover, the British luxury car brands of U.S. automaker Ford.
Jones Apparel Group Inc. is near a deal to sell the Barneys New York high-end clothing chain for $825 million to Dubai's private equity firm Istithmar, The New York Times reported on Friday.
Energy generator International Power is seeking a stake in a $3 billion (1.6 billion pound) project to build a power and water desalination plant in the United Arab Emirates
The Japanese Olympic Commission (JOC) will appoint Tokyo Governor Shintaro Ishihara as the director-general of Tokyo Olympic Bidding Committee for the 2016 Summer Games, the commission said on Friday.
UAE-based Abu Dhabi National Oil Company (ADNOC) announced on Monday that it would introduce a new cheaper fuel on October 8.
ArmorGroup International Plc the security services firm today announced it had landed a $5.6 million mine clearance contract in Lebanon.
Japan and six Gulf nations comprising the Gulf Cooperation Council began to discuss their bilateral free trade agreement during the first round of talks in Tokyo, Japanese Foreign Ministry said on Friday.
The OPEC crude basket price, a daily reference level based on the prices of 11 crudes - dropped to $55.99 on Thursday from $56.23 the previous day.
The International Air Transport Association (IATA) announced on Tuesday that the United Arab Emirates agreed to adopt IATA Live Animals Regulations (LAR) for transporting live animals to and from the country.
The Dubai Stock index slipped further on Tuesday, falling to its lowest level this month, as Gulf investors booked profits and positioned themselves for the third quarter results season.
Istithmar PJSC, the international investment house based in the United Arab Emirates, Thursday announced an investment of US $100 million in a new financial services firm headed by Joseph Perella, a reputed former Morgan Stanley investment banker.
Istithmar Hotels, a Dubai government-owned firm, announced Monday that it had acquired the classic, Beaux-Arts style Knickerbocker Hotel in New York's Times Square for $300 million.
