Business Blog

* Stocks dip but head for best week of the year* Risk sentiment hit by first Ebola case in NY* U.S. and euro zone economic data positive* Oil on track for first weekly gain in five weeksBy Marc JonesLONDON, Oct 24 (Reuters) - World stocks dipped on Friday, as European bank stress test results due at the weekend and New York City&aposs first case of Ebola prompted investors to lock in profits after

Aabar Investments is demanding a hefty premium for its minority stake in Malaysia's No.4 bank, sources say, as the Abu Dhabi state fund leverages on its amplified role in a USD 22 billion merger that will create Southeast Asia's fourth-largest lender.

Aabar Investments is demanding a hefty premium for its minority stake in Malaysia's No.4 bank, sources say, as the Abu Dhabi state fund leverages on its amplified role in a USD 22 billion merger that will create Southeast Asia's fourth-largest lender.

LONDON, Oct 24 (Reuters) - Sterling rose to the day's high against the dollar on Friday, after data showed the British economy expanding in line with expectations in the third quarter and wrong-footing some who had positioned for a softer reading. ...

Omantel, the leading telecommunication provider in the sultanate of Oman, has signed an exclusive agreement with Sale International to act as its sole agent for the distribution of Omantel products which include Hayyak starter kits and top-up card.

The UAE hospitality sector witnessed slowdown in September as the major segments - occupancy, average daily rates (ADR) and revenue per available room (RevPar), recorded decline.