Middle East Business News

Dubai’s grand building dream falters Published: December 1 2009 23:55 Last updated: December 1 2009 23:55 The announcement by Dubai World that the government’s flagship holding company wants to restructure its debt raised fears of a default .

The paper says the mother fell asleep as she fed the child in business class and that the flight was diverted to London's Heathrow Airport. Scotland Yard confirmed on Tuesday that a United Airlines flight was diverted to London after...

Both indexes were down about 6% after recording big losses on Monday. Dubai World has unveiled plans to restructure $26bn (£15.8bn) in debt, its first comment since the crisis began last Wednesday. It a statement the firm said that it...

Central Bank Governor Riad Salameh told LBC television on Tuesday that Lebanon is unaffected by the financial crisis in the Arab and international markets, stressing that Dubai’s crisis will never affect Beirut. According to him, there is a $6 billion...

The announcement comes as a senior official at India's Reliance Industries, the largest private refiner in India, said Tuesday that the company has not sold gasoline to Iran since April. "We are not selling gasoline to Iran. We have a...

If successful, the deal would be the second made by Murdoch, the elder son of Rupert Murdoch , in two weeks. Last week his investment vehicle Illyria bought a 40% stake in the Daily Mail & General Trust's Australian radio...

The Dublin-based drinks group has also acquired a range of budget and own-label ciders from Constellation Brands. The deal includes a cider production facility in Somerset, and a distribution warehouse in Bristol. C&C said the move would improve its position...

American International Group, the New York insurer, may get a bid as soon as this week for half its aviation-leasing business from an investment group including private-equity firms and the chief executive of the business, the Financial Times reported.