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Fresh appetite for Gulf IPOs seen after Ramadan?

The market for initial public offerings (IPO) in the Gulf looks set to reopen as stock markets and the oil price recover, and bankers expect a few companies to test the waters when Ramadan ends.

Muse poised for global

A lead single about a proletarian revolt against the global banking crisis. A teaser campaign involving a worldwide musical treasure hunt. And an album that ends with a three-part, fully orchestrated symphony about an alternative theory of the creation of mankind. Is Muse the only young, stadium-filling rock band that could get away with this?

Qatar's Tribeca looks to create regional film hub

The Doha Tribeca Film Festival, Qatar's first film event, said on Monday it wants to create a hub for regional filmmakers in the Gulf Arab state, through education initiatives and community involvement.

First Eastern eyes U.S. investment bank acquisition

Hong Kong-based private equity firm First Eastern Investment Group plans to invest in a Wall Street bank as part of a strategy to build its presence in every major global financial hub, its chairman Victor Chu said.

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Qaeda tells Obama conditional truce offer stands

Al Qaeda's second-in-command Ayman al-Zawahri said an offer the militant group made to the previous U.S. administration of a conditional truce is still on the table for President Barack Obama.

Dubai's Emaar Properties posts $351 mln Q2 loss

Dubai's Emaar Properties EMAR.DU, the builder of the world's tallest tower in the Gulf Emirate, made a loss of 1.29 billion dirhams ($351.2 million) for the second quarter after it wrote off the complete book value of its U.S. unit.

Kuwait financier facing U.S. fraud suit found dead

A brash Kuwaiti financier facing a fraud suit by U.S. authorities was found dead Sunday in an apparent suicide that sent shockwaves through the Gulf Arab financial sector.

Q&A-Exclusive Analysis on Middle East risk

Middle East analysts from London-based risk consultancy Exclusive Analysis answer emailed questions about Iran, Saudi Arabia and UAE.

Camel-milk chocolate goes on sale globally

Dubai's Al Nassma, the world's first brand of chocolate made with camels' milk, plans to expand into new Arab markets, Europe, Japan and the United States, its general manager said on Tuesday.

World's first camel-milk chocolates going global

Dubai's Al Nassma, the world's first brand of chocolate made with camels' milk, plans to expand into new Arab markets, Europe, Japan and the United States, its general manager said on Tuesday.

UAE'S Aabar buys 40 pct of Daimler's Tesla stake

Abu Dhabi-based Aabar Investments has purchased 40 percent of Daimler AG's stake in electric-car start-up Tesla Motors Inc, with the aim of launching a joint venture, Aabar said on Monday.

Geithner to reassure Gulf allies on dollar assets

Treasury Secretary Timothy Geithner will seek to reassure Gulf Arab states this week that U.S. dollar assets they hold in large quantities remain a strong investment.

Anglo may look for Brazil partner, not defense move

Miner Anglo American is considering finding a partner for its huge iron ore project in Brazil, including from China, but the move is not a defense against an unwanted merger approach from rival Xstrata , sources familiar with the situation said on Monday.

Al Qaeda says would use Pakistani nuclear weapons

If it were in a position to do so, Al Qaeda would use Pakistan's nuclear weapons in its fight against the United States, a top leader of the group said in remarks aired Sunday.

Porsche's Piech raises Qatar stake sale doubts: FTD

Ferdinand Piech, a co-owner of Porsche , is resisting a quick decision to let the Gulf state of Qatar take a minority stake in the German automotive group, the Financial Times Deutschland reported.

Shell raises its fuel storage capacity at sea

Royal Dutch Shell Plc has increased its floating storage capacity for fuel by about 1.3 million barrels, shipbrokers and traders said on Monday.

Heritage Oil, Turkey's Genel agree $6 billion merger

UK-based oil explorer Heritage Oil agreed to merge with Genel Energy International, a unit of Turkey's Cukurova Group CUKRO.UL, to create an oil producer focused on Iraqi Kurdistan worth around $5.5 billion.

Saudis gleeful at Lebanon vote, now look to Iran

Saudi Arabia, which has led Arab attempts to hold back Iranian influence in the Middle East, has reacted triumphantly to the victory of its pro-U.S. allies in Lebanon's elections this week.

Al Qaeda kills British hostage in Mali

Al Qaeda's North African wing said on Wednesday it had carried out its threat to kill a British hostage it was holding in the Sahara.

Bin Laden says Obama planted hatred seeds

Al Qaeda leader Osama bin Laden said U.S. President Barack Obama had planted the seeds of revenge and hatred toward the United States in the Muslim world and warned Americans to prepare for the consequences.

U.S. retail lull means prep time for international expansion

U.S. retail giants in home furnishings, food and clothing are expected to push into emerging markets such as Mexico, Brazil and China, once the U.S. economy and cash flows improve, executives said.

Obama to cement Saudi ties on surprise trip

U.S. President Barack Obama is likely to hear Saudi Arabia's King Abdullah air his worries about the festering Arab-Israeli conflict and rising Iranian influence when he visits Riyadh next week.

Dubai's Deyaar in talks to invest in 5 countries

Dubai property developer Deyaar DEYR.DU is looking to expand into five countries to tap into cheap valuations stemming from the global financial crisis, the company's chief executive said late on Friday.

Global hoteliers look east as recession bites

Global hoteliers are pinning their hopes on the east's underserved leisure markets to offset falling revenue as holidaymakers and business travelers cut back to save money in the global downturn.

Air Arabia Q1 profit up 32 pct at 103 mln dirhams

Dubai-listed Air Arabia AIRA.DU, the Middle East's largest low-cost carrier by market value, earned 103 million dirhams ($28 million) in the first quarter, up 32 percent from the year-earlier period.

Dubai art auctions draw bargain hunters as crisis hits

Art buyers from across the Middle East crowded Christie's auction room in Dubai, bidding briskly to bag a bargain as prices fall in the global downturn.

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