DUBAI

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Saudi's Almarai Q3 profit rises 24 pct

Saudi Arabia's Almarai Co, the Gulf's largest dairy company by market value, posted a 23.7 percent rise in third-quarter net profit but sales slowed down as swine flu kept pilgrims away from the kingdom.

Gold spike gives consumers pause, not fever

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Gold's run to a record $1,048.20 per ounce on Wednesday was greeted cautiously by consumers in Asia and the Middle East, with some cashing in gains while the majority were hanging on for further rises.
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Bin Laden demands Europe withdraw Afghanistan troops

Al Qaeda leader Osama bin Laden demanded that European nations withdraw their troops from Afghanistan in a new audio tape aired on Friday, saying they were sacrificing men and money in an unjust U.S.-led war.
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Bin Laden warns U.S. on Israel ties: website

Al Qaeda leader Osama bin Laden warned the American people over their government's close ties with Israel in an apparently new audio tape posted on an Islamist website on Monday.
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Dubai exchange merger a possibility: report

A merger between Dubai's top stock exchanges, Dubai Financial Market DFM.DU and Nasdaq Dubai NDAQ.DI, is a possibility, a leading official said, according to newspaper Emirates Business (www.business24-7.ae).
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RBS mulls sale of aviation leasing arm: source

Royal Bank of Scotland has appointed Goldman Sachs to consider a sale or other options for RBS Aviation Capital, one of the world's biggest plane leasing businesses, a person familiar with the matter said.
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OPEC likely to hold steady

Bloated inventories and the risk of a price slide will trouble OPEC ministers when they meet in Vienna next week, but oil at close to $70 a barrel is expected to convince the group to hold output steady for now.
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Saudi prince spoke to bomber on phone before attack

The Saudi interior ministry on Tuesday issued a recording of a telephone conversation between the prince who heads the kingdom's anti-terrorism campaign and an Al Qaeda militant who tried to assassinate him days later.
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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.
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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?
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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.
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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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China to start UAE tourist groups

Chinese citizens are allowed to tour another nine nations, including the United Arab Emirates (UAE) in the Middle East, from September 15, according to the National Tourism Administration.
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Indians sentenced to death over 2003 Mumbai blasts

A court on Thursday sentenced to death three Indians found guilty of conspiring with a Pakistan-based militant group to carry out serial blasts in Mumbai in 2003 that killed at least 54 people, officials said.
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Pakistan says Indian evidence on militant leader weak

Pakistan said on Thursday that evidence given by India failed to build a case for the arrest of Hafiz Saeed, the founder of a Pakistan-based group blamed for the Mumbai attacks, a stance certain to stoke anger in India.
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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.
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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.
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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.
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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.
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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.
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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.
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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.

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