Business Blog

Singapore and US in tax evasion deal

Singapore has agreed to share information with the US under a new law aimed at preventing offshore tax evasion by American citizens.

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Deloitte: Middle East Hotel Market Insight - Dubai, UAE (Apr-14)

Dubai attracted 7.8 million hotel guests and 2.1 million serviced apartment guests in 2012, representing a total of 9.9 million guests over the 12 month period. As set out in Figure 1, this translated into demand for 26.0 million hotel guest nights and 11.4 million serviced apartment guest nights in Dubai in 2012. Total guest night demand in Dubai in 2012 was thus 37.4 million, up 64% from 22.8 million in 2008.

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European shares rise early; Barclays drops after results

PARIS, May 6 (Reuters) - European shares rose early on Tuesday, mirroring Wall Street's gains following forecast-beating U.S. macro data, although Barclays BARC.L dropped after posting a slide in profit. Shares in the UK lender were down 2.9...
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UBS reports strong quarterly profits

UBS has reported better than expected first quarter results and reveals plans to reorganise its business to ensure it can more easily be broken up.

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Dubai to bid for more international congresses, expos

Dubai will be bidding to host more international congresses and conventions, a government official said on Tuesday, adding the country is working on its regulations to ease access of visitors to the country.

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UPDATE 1-UK Stocks-Factors to watch on May 6

(Adds company news, futures) LONDON, May 6 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher, with June futures for the index FFIc1 rising 0.4 percent by 0634 GMT. For more on the factors affecting European stocks, please click on...
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