DUBAI

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Dubai seeks debt delay, to restructure conglomerate

Dubai will ask creditors of two of its flagship firms for a standstill on debt worth billions of dollars as a first step toward restructuring Dubai World, the conglomerate which spearheaded the emirate's breakneck growth.

Burkle buys Barneys New York debt: report

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Supermarket mogul Ron Burkle and his investment arm, Yucaipa, have purchased a large amount of U.S. luxury retail chain Barneys New York's debt, the Wall Street Journal said, citing people familiar with the matter.
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U.N. pulls out foreign staff from Afghanistan

The United Nations said on Thursday it would evacuate hundreds of its international staff from Afghanistan for several weeks due to deteriorating security, a sharp blow for Western efforts to stabilize the country.
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10 Incredible Hotels with Altitude

Hotels can offer some of the best views in the world and when it comes to accommodation with altitude, more and more hotel developers are striving to scale new heights. From skyscrapers with
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Qaeda-linked group claims Baghdad bomb attacks

An al Qaeda-linked group has said it carried out the twin suicide bombings that killed 155 people in Baghdad on Sunday and revived doubts about security in the run-up to Iraq's elections in January.
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Blackstone CEO sees more than green shoots

Private equity giant Blackstone Group's chief executive said the worst of the industry's problems had passed, with improved capital and equity markets finally providing an opportunity to do deals and sell existing investments through IPOs.
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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.
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Gold spike gives consumers pause, not fever

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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Qaeda's Zawahri attacks Obama, Arabs in new video

Al Qaeda's number two Ayman al-Zawahri appeared on Wednesday in a new video marking the anniversary of the September 11, 2001 attacks, attacking Arab leaders and Barack Obama for their policies on Israel.
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Al Qaeda releases new 9/11 video showing Zawahri

Al Qaeda's number two Ayman al-Zawahri appeared on Tuesday in an apparent new video marking the September 11, 2001 attacks against the United States, according to the SITE Institute, a U.S.-based terrorism monitoring service.
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Thai red shirts rally to mark coup anniversary

Thousands of supporters of exiled former Thai premier Thaksin Shinawatra braved torrential rain and flooding on Saturday in a rally to mark the third anniversary of the billionaire's overthrow by the military.
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Dubai World says suing ex-CEO of unit for fraud

Dubai World, a Dubai government holding company, filed a lawsuit in the United States this week against the former head of a subsidiary it accuses of fraud costing the United Arab Emirates firm millions of dollars.
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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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