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Gulf Arab Region

High hopes as Dubai marks one-year countdown to Expo 2020

Fireworks exploded over Dubai's skyline on Sunday to mark the one-year countdown to Expo 2020, a big-budget global trade fair the glitzy emirate's rulers hope will restore its flagging fortunes. Megastar Mariah Carey headlined at a concert underneath the illuminated Burj Khalifa, the...

Aramco says IPO timing depends on 'market conditions'

Saudi Aramco said Sunday the timing of its long-awaited stock market debut "will depend on market conditions," after the latest delay in the blockbuster initial public offering. The IPO forms the cornerstone of a reform programme conceived by the kingdom's de facto ruler Crown Prince...

Environmentalists slam banks over Aramco IPO support

Banks aiding a stock market float for Saudi oil giant Aramco will be "devoid of all sincerity" regarding environmental and social concerns, green and rights groups jointly said Thursday. Addressing directly chief executives of Bank of America, Citigroup, Credit Suisse, Goldman Sachs, HSBC,...