Dubai Diversifies With Push Into Diamonds
The United Arab Emirates, the world's fourth-largest oil exporter and home to gold trading hub Dubai, is rapidly becoming a force in trade of another highly valuable commodity: diamonds.
Airbus Secures $20.5 Billion Deal at 2011 Dubai Air Show
France-based Airbus AS has secured a total of 211 orders at the 12th Dubai Airshow worth $20.5 billion. The order involves 135 firm orders worth $13.7 billion (130 A320neo and five A380s) and 76 memorandum of understanding (MoU) worth $6.8 billion.
Safe-haven status puts UAE luxury car sales in high gear
Mother-of pearl dashboards and diamond-encrusted hood ornaments at the Dubai International Motor Show this week underlined how the safe-haven status of the United Arab Emirates is fuelling dramatic growth in sales of luxury cars.
Syrian Army Defectors Battle Assad Forces Near Damascus
Syrian army defectors attacked an intelligence complex on the edge of Damascus early Wednesday, the first such reported assault on a major security facility in the eight-month uprising against President Bashar al-Assad, activists said.
Experts Discuss New York's 21st Century Challenges in 'Zoning the City'
Experts detailed New York's economic, social and environmental challenges on Tuesday in Zoning the City, an urban planning conference held in midtown.
Rolls Royce Announces Strong Middle-East Sales at Dubai International Motor Show
British luxury automobile brand, Rolls Royce, has announced a 30 percent growth in sales, for the year to date, as compared to a similar period in 2010; the company claims to have recorded double digit growth across the world.
Boeing Expects $450 Billion Airplanes Market in Middle East
Boeing (NYSE: BA) anticipates that the Middle Eastern airlines will need an estimated 2,520 airplanes worth $450 billion by 2030.
Oman Air Orders Six Boeing 787 Dreamliners
Oman Air, the Sultanate of Oman's flagship carrier, and Boeing (NYSE: BA) announced an order for six Boeing 787-8s at the Dubai Air Show.
Embraer Forecasts 310 Jet Demands and $14 Billion Middle-East Market Potential
Brazilian aerospace conglomerate, Embraer sees a market demand of 310 jets in the 60-120 passenger jet segment in the Middle-East in the period 2011-2030.
Emirates Places $18 Billion ‘Historic’ Boeing 777 Order
Emirates Airlines kicked-off the Dubai Air Show on Sunday with a huge order for 50 long-range Boeing 777 valued at $18 billion. This is the single largest commercial airplane order in Boeing's history by dollar value.
Emirates' $18 billion Boeing order kicks off air show
Emirates airline placed a blockbuster order for 50 Boeing 777 jetliners at the Dubai Air Show on Sunday, underscoring the confidence brimming among fast-growing Gulf airlines despite growing fears of stalling global growth.
Boeing-Emirates $26 Billion Deal Launches Dubai Air Show Sunday
Emirates airline placed a blockbuster order for 50 Boeing 777 jetliners at the Dubai Air Show on Sunday, underscoring the confidence brimming among fast-growing Persian Gulf airlines despite growing fears over the world economy.
Emirates Order May Get Dubai Air Show Off to a Flying Start
A Boeing Co. airplane order worth as much as $15 billion from host airline Emirates looked set to fire up the Dubai Air Show on Sunday as Gulf airlines expand in the face of growing fears over the world economy.
Giorgio Armani Adds Armani Hotel Milano to Brand’s Hospitality Portfolio
Giorgio Armani, the renowned Italian fashion designer and founder of the eponymously named luxury fashion brand, launched his second hotel in Milan.
Brookfield Asset Management Doubles Net Income in 3Q
Brookfield Asset Management, the Canadian investment firm with around $150 billion in real estate, infrastructure and energy holdings, reported net income of $716 million in the third quarter, more than doubling its income of $342 million in the same period of 2010.
Boeing to Set Record With Thousandth 777 Order
Boeing Co. has started its work on assembling the 1000th 777 aircraft in Everett, Washington after receiving orders from Dubai-based Emirates Airlines.
Caterpillar Plans California Depot, Up to 150 Jobs
Caterpillar Inc said Monday it plans to add 100 to 150 jobs in central California in late 2012 when it opens another parts depot as part of its ongoing expansion its distribution business.
Break Through in Bhutto Murder Case; Court Indicts 7
A Pakistani court indicted five Islamist militants and two police officers in the high-profile assassination of former Prime Minister Benazir Bhutto.
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Pakistani Court Charges Seven With Benazir Bhutto’s Murder
Bhutto was killed in a gun and bomb attack in the city of Rawalpindi while campaigning.
‘Pakistan is not backtracking on MFN’ – Pak Official Source
Indian government source accused Pakistan of backtracking its announcement on granting the trading status of Most Favoured Nation to the country, but Islamabad denied the allegation.
Dunaden Wins Melbourne Cup Thriller
French stayer Dunaden prevailed in a thrilling nose-to-nose sprint to the line with British-trained Red Cadeaux to win the $6.2 million Melbourne Cup in a photo-finish at Flemington Race course on Tuesday.
Kim Kardashian Divorce: Humphries Learned of Divorce Filing from TMZ
Kim Kardashian filed for divorce from husband Kris Humphries on Monday Oct. 31, citing irreconcilable differences. Humphries was blindsided by the divorce filing, reports TMZ, and learned of the news from the gossip website, just like the rest of the world while Kardashian was back to business as usual.
Kaymer Flags Up Dislike of Valderrama Pin Placements
World number six Martin Kaymer questioned the flag positions at the Andalucia Masters Thursday after finishing six strokes behind first-round leader Richie Ramsay of Britain.
Moammar Gadhafi Dead: Secret Funeral Video Shows Ceremony and Open Coffin (VIDEO)
Footage aired by the Dubai-based Al Alaan news channel claims to show the funeral of Libyan dictactor Moammar Gadhafi, his son Mutassim and his national security advisor, Abu Bakr Yunis. According to a Misrata Military Council official, Gadhafi's personal cleric, Sheikh Kahled Tantoush, is shown reciting an Islamic funeral prayer, with relatives of Gadhafi and other officials in attendance.
Egypt's Citadel to scale back new investments
Egypt's Citadel Capital plans to scale back investments outside its existing projects until the political and economic outlook becomes clearer, its chairman told Reuters.
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