Home next World next North America

North America

Gold Edges Up As US Shutdown Drags On

The near-week long shutdown has raised fears that the Congress may struggle to raise the debt ceiling by October 17.

Saudi Arabia Not Worried About U.S. Debt Limit

Most of Saudi central bank’s net foreign assets are believed to be denominated in U.S. dollars, and much of that amount is in the form of U.S. Treasury bonds.

Iran President’s Phone Call With Obama Stirs Hardline Suspicions

Rouhani, who took office in August, had the supreme leader’s approval for his move to build bridges with Washington.

OPEC Relaxed About Cost-Sensitive Shale Oil

The U.S. shale boom has already altered the landscape of oil trade.

Citigroup Moves To Block New Arbitration By Abu Dhabi Fund

ADIA previously accused Citigroup of fraud in the initial arbitration.

Silicon Valley Start Up Uber Eyes Dubai Luxury Market

Uber has said that their services will only complement the local taxis and not compete with them.

Gulf Bond Market Braces For Deals After Fed Decision

The US Federal Reserve’s decision to maintain its monetary stimulus is expected to boost the the regional bond market.

Gold Drops On Fresh Stimulus Fears

Spot gold was down 0.3 per cent to $1,321.56 an ounce, after a near three per cent drop on Friday.

BlackBerry To Cut 4,500 Jobs As Z10 Fizzles

The Canadian phone manufacturer is slashing up to 40 per cent of its global workforce as sales drop.

Gold Hits One-Week High After Fed Keeps On Easing

Bullion gained 4.2 per cent on Wednesday, its biggest daily gain since June 2012

Emirates Starting Boston Flights Next March

Emirates keen to target New England trade and transfer traffic opportunities

Bahrain’s Arcapita Emerges From US Bankruptcy

Arcapita’s plan will see it transfer its assets into a new holding company which will dispose of them over time to pay off creditors.

BlackBerry’s New Phone Z30 To Launch In Middle East Next Week

The new touchscreen device boasts a five-inch display and a 1.7 gigahertz processor.

Prince Alwaleed To Retain Twitter Stake, Sees IPO By Early 2014

The Saudi billionaire invested $300 million in the social media giant in late 2011.

Apple Launches iPhone 5S And $99 iPhone 5C

The new phones will be available in the US from September 20.

Kuwait Emir To Visit White House On Sept. 13 To Discuss Middle East

The visit comes as the United States weighs military strikes in Syria.

Obama Appeals For Backing To Hit Syria, Europeans Urge Delay

The US President is emphasising that he only plans limited strikes on Syria to deter future chemical weapons attacks.

As Obama Blinks On Syria, Israel, Saudis Make Common Cause

Saudi Arabia, like Israel heavily dependent on the United States for arms supplies, is engaged in a historic confrontation with Iran for regional influence – a contest shaped by their leading roles in the rival Sunni and Shi’ite branches of Islam.

Surprise Or Not, U.S. Strikes Can Still Hurt Assad

With weeks to prepare for an attack, Assad might benefit in some ways from the delay in any strike by the United States.

U.S. Senate Panel Passes Authorization For Military Force In Syria

Barack Obama is asking Congress to back his call for limited U.S. strikes on Syria to punish President Bashar al-Assad.

Obama Wins Backing For Syria Strike From Key Figures In Congress

Leaders of the U.S. Senate Foreign Relations Committee said they reached an agreement on a draft authorization for the use of military force in Syria.

Microsoft Acquires Nokia’s Phone Business For $7.2bn

The transaction is expected to be completed in the first quarter of 2014.

US Fuels Tension By Deploying Warships Near Syria – Russia

Five U.S. destroyers and an amphibious ship are in the Mediterranean.

USS Nimitz Carrier Group Sails Into Red Sea

Barack Obama on Saturday backed off imminent strikes by the destroyers off the coast of Syria until Congress had time to vote its approval.

Dubai To Sell Fontainebleau Hotel In Miami To Turnberry

Dubai World paid $375 million for a 50 per cent stake in Fontainebleau Miami Beach in 2008.

GM Sees Auto Industry Slowing In Turbulent Middle East

The US carmaker expects the industry to continue growing at four to five per cent per year.

Saudi’s Alkhabeer Capital Acquires US Property

The investment fund, in partnership with USAA Real Estate Company, bought an office building in Houston.

Obama Delays Strike Against Syria To Seek Congress Approval

A chemical weapons attack that U.S. officials say killed 1,429 people, was allegedly carried out by the Syrian government.

Emirates Plans To More Than Double U.S. Destinations

Emirates plans to add as many as three new U.S. city destinations in the next 12 months.

US, Allies Prepare For Probable Military Strike On Syria

The move follows President Bashar al-Assad’s forces alleged chemical weapons attack last week.