Register for our free newsletter

 
 
Latest News

 
 
  • Dubai investors sue StanChart in S’pore over Madoff feeder fund

    Dubai investors sue StanChart in S’pore over Madoff feeder fund

    The investors, who had accounts with AEB in Singapore, invested a large portion of their funds in Fairfield Sentry, which in turn parked up to 95 percent of its money with Madoff. Madoff is now serving a 150-year jail sentence for defrauding investors through a Ponzi scheme.

    July 5, 2011 3:36
  • UAE offers $3 bln aid package to Egypt-WAM

    UAE offers $3 bln aid package to Egypt-WAM

    "According to these instructions, it was decided to set up the Khalifa bin Zayed Fund to support medium and small projects in the Arab Republic of Egypt to the value of $1.5 billion, with the aim of creating job opportunities for Egyptian youth," WAM said.

    July 5, 2011 3:34
  • Norway’s DNO and RAK to merge oil operations

    Norway’s DNO and RAK to merge oil operations

    DNO shares up 16 pct, deal higher than market value; Chairman already talking to other companies about more M&A; RAK to hold 41 pct of DNO versus 30 pct; UAE firm: new "cultural links" may help DNO in Iraq row

    July 5, 2011 3:32