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UAE Oil Giant to Float Stake in Fuel Station Subsidiary

The Abu Dhabi National Oil Company is to float a minority stake in one of its subsidiary companies for the first time, ADNOC chairman Sultan Al-Jaber said on Monday.

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Pound Down in Asia as May's Future Uncertain, Equities Struggle

The pound sank against its major peers on Monday as British Prime Minister Theresa May's future looks increasingly uncertain, while Asian equities traders moved cautiously after a recent rally to multi-year highs.

Markets have surged in recent weeks -- with Wall Street hitting several records and Tokyo touching 26-year highs -- on optimism about the global economy and following a string of strong corporate earnings.

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Emirates Orders 40 Boeing 787 Dreamliners for $15.1 Billion

Emirates Airlines on Sunday agreed to purchase 40 Boeing 787-10 Dreamliners for $15.1 billion at list price, its chief Sheikh Ahmed bin Saeed Al-Maktoum said.

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Spain PM Rajoy Calls on Companies Not to Leave Catalonia

Spanish Prime Minister Mariano Rajoy on Sunday urged businesses not to abandon Catalonia after hundreds of firms moved their legal headquarters away as uncertainty over the region's independence drive drags on. 

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French Carmaker PSA to Begin Algeria Production in 2018

French carmaker PSA signed a deal on Sunday with three Algerian firms to set up a car-manufacturing base in the North African country with production to begin next year.

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Dubai Property Giant Emaar Profits Surge on High Sales

Dubai construction giant Emaar Properties posted a sharp rise in third quarter profits Sunday as residential sales in the glitzy emirate gathered steam.

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Trump and Xi Lay Out Competing Trade Visions at APEC

The leaders of the U.S. and China laid out sharply divergent visions for the future of global trade on Friday, with Donald Trump doubling down on his "America First" rhetoric, leaving counterpart Xi Jinping to defend the "irreversible" tide of globalization.

Xi, who has emerged as the most powerful Chinese leader in decades, and Trump, whose woes include dismal approval ratings at home, spoke moments apart at the APEC summit in the Vietnamese city of Danang. 

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London Woos Saudi Aramco with $2 Billion Loan Guarantee

Britain will provide state oil giant Saudi Aramco with a $2-billion loan guarantee to help it buy British exports, the UK government has said.

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China to Widen Foreign Access to Financial Sector

China on Friday said it will further open the country's financial markets to foreign firms, a key demand from the United States and Europe which have long complained about the strict limits on access to the giant economy.

The announcement came after Donald Trump's state visit to Beijing during which the US leader called for a more level playing field for American companies and measures to reduce a massive trade imbalance. 

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Macron Unveils 1-Billion Euro Joint Investment with UAE

French President Emmanuel Macron on Thursday announced a one-billion euro joint investment platform with the United Arab Emirates whose funds are to be invested in France.

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