Reuters Gulf stock markets were sluggish in early trade on Monday with real estate developers weighing on Dubai because of continued concern about the impact of ample supply of new homes on the sector. The Dubai index lost 0.6 percent to 3,492 points as Emaar Properties dropped 0.8 percent and Deyaar and Union Properties both fell 0.7 percent. In the …

Bloomberg General Electric Co.’s A380 engine venture with Pratt & Whitney may be poised to muscle back in on the double-decker jet following Airbus SE’s deal to sell 36 superjumbos to Gulf carrier Emirates. While Rolls-Royce Holdings Plc is supplying Trent 900 turbines for the last 50 A380s ordered by Emirates, the Dubai airline is leaning towards a rival powerplant …

Bloomberg Richemont agreed to take full control of online luxury retailer Yoox Net-a-Porter SpA for about 2.7 billion euros ($3.3 billion), reflecting ecommerce’s inroads into the world of $5,000 Cartier necklaces and $50,000 Vacheron Constantin watches. Investors would receive 38 euros a share, the Geneva-based luxury-goods company said in a statement. Richemont already owns 50 percent of YNAP. The bid …