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Indians among most disgruntled employees in Gulf nations

Indian workers in Gulf countries appear to be the most disgruntled employees in the Middle-East among all expatriates, a survey conducted by the Arabian Business website has revealed.

UAE-based business conglomerate to launch new airline in India

The UAE-based Emirates Trading Agency-Associated Constructions and Investments (ETA-Ascon) is reportedly in talks with jet manufacturers Embraer, Bombardier and ATR and plans to launch a new airline in India.

Bush stops in Saudi Arabia for talks

Iran, Mideast peace and democracy in the region topped the agenda for President Bush during talks Monday with ally Saudi Arabia. Bush's first visit to the kingdom came as his administration notified Congress of its intent to sell $20 billion in weapons, including precision-guided bombs, to the Saudis. The announcement was timed to coincide with the president's arrival in the Saudi capital.

Anger, skepticism awaits Bush in Middle East

U.S. President George W. Bush's visit to the Middle East this week will evoke widespread hostility in a region where many view him as a war-monger pursuing U.S.-Israeli hegemony, not peace and democracy. In the Arab street, Bush is seen as the man whose invasions of Afghanistan and Iraq to wage war on terrorism brought chaos to the region and more recruits to al Qaeda.

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Citigroup to sell $7.5 billion stake to Abu Dhabi

Citigroup Inc is selling up to 4.9 percent of itself for $7.5 billion to the Gulf Arab emirate of Abu Dhabi, giving the largest U.S. bank fresh capital as it wrestles with the subprime mortgage crisis and the resignation of its chief executive. The capital injection will shore up Citi's balance sheet, which has been hurt by some $6.8 billion of writedowns and losses in the third quarter, and the potential for another $11 billion in the fourth quarter.

Indian film scores first Goal in Pakistan

An Indian film will be released officially Friday in Pakistan, a first for two countries that have banned each other's films for more than three decades.

Dubai Ports IPO raises $5 billion

Dubai raised almost $5 billion selling a stake in port operator DP World in the Middle East's largest IPO, setting the scene for perhaps the biggest test for the emirate's two-year-old bourse where the shares will trade.

Dubai may buy into U.S. banks after mortgage crisis

The Dubai government agency that bought into Deutsche Bank this year said on Monday it was considering investing in U.S. financial services firms affected by the mortgage-market crisis.

Gold firms after testing $800 support

Gold firmed on Wednesday, having briefly tested support below $800 per ounce, leaving investors nervy over the prospect of more falls from recent 28-year highs.

Dubai deals near $80 billion as Airbus and Boeing soar

Airbus and Boeing Co (NYSE:BA) ensured 2007 smashes all records for plane sales as deals announced at the Dubai air show neared $80 billion on Monday, powered by demand from Gulf Arab states.

Gold moves higher on dollar's slump

Gold gained on Friday, with investors keen to drive the metal to a record high of $850 an ounce as the dollar tumbled to an all-time low and oil rallied.

Hoteliers build to lure free-spending Asians abroad

Global hoteliers are riding a building boom in Asia, and using plush new hotels as giant, living advertisements to lure newly rich Chinese and Indians to their U.S. and European properties.

Wall Street drilling for Middle East riches

Wall Street bankers are flocking to the Middle East, and it's not for oil or the balmy weather.

HSBC helps start Mideast bonds index amid slowdown

HSBC Holdings Plc helped start a group of indexes that includes benchmarks for global Islamic and Middle East conventional bonds to encourage trading as a global credit crunch delays sales and doubles spreads.

Merrill Lynch woes stir Bloomberg speculation

Merrill Lynch & Co Inc. may look to sell its 20 percent stake in Bloomberg LP to raise capital after writing down $8.4 billion of assets last quarter, some investors have said.

Gold bounces on bargain hunting, platinum hits record

Gold rebounded on Thursday as bargain hunters returned to the market amid worries about possible military action by Turkey in northern Iraq, high oil prices as well as a weak dollar.

Bhutto arrives in Pakistan ending 8-year exile

Former Pakistan Prime Minister Benazir Bhutto's end to self-exile could eventually lead to power sharing with President Pervez Musharraf.

BNP Paribas builds up Asia onshore private banking

BNP Paribas, France's biggest bank, is building up its onshore private banking presence in China, India and Taiwan and expects total assets under management in Asia to grow by 20 percent a year in the next few years, the head of its Asia private banking operation said.

Gold bounces after fall, investors await U.S. data

Gold bounced and gained as much as $5 on Wednesday after falling to a one-week low the previous day, suggesting that fundamentals still favored the metal used as an alternative investment to bonds and currencies.

Qatar files OMX document, raises chance of bid war

The Qatar Investment Authority filed for regulatory approval to take a bigger stake in OMX on Tuesday, raising the prospect of a bidding war for the Nordic firm with rival Dubai and its ally Nasdaq.

Gold hits 28-year peak, platinum near all-time high

Gold closed higher in New York on Monday despite a strengthening dollar and weaker crude oil, as U.S. stocks rallied while platinum rose to a near-record high on robust investment demand.

Nasdaq Stock Market to control OMX after bid

Nasdaq Stock Market Inc and Borse Dubai, aiming to muscle out potential rival bidders, boosted an offer for OMX to $4.9 billion on Wednesday and pushed close to a majority stake in the Nordic exchange group.Borse Dubai is offering 265 Swedish crowns ($40.57) per share, up 15 percent from a previous offer of 230 crowns. It has now secured 47.6 percent of OMX in stock or options for shares.

DUBAI

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