Britain’s Cameron ‘concerned’ about torture allegations
Prime Minister says they continue to press for a full and independent investigation into UAE's torture claims
April 29, 2013 10:22-
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Abu Dhabi plans its own financial free zone
One of the country's most successful free zones is the Dubai International Financial Centre.
April 28, 2013 5:33 -
Etihad says it will partner with Air Canada
The United Arab Emirates reinstated a visa waiver for Canadian citizens in April which it withdrew amid a dispute over landing rights more than two years ago.
April 28, 2013 8:51
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Saudi Arabia May Confiscate Unused Land For Housing-Minister
Saudi Arabia’s housing minister said urban land left undeveloped could be confiscated to build much-needed homes, local media reported on…
April 28, 2013 8:47 -
Dubai’s Mashreq Capital Plans $100 Million Islamic Equity Fund
Dubai-based Mashreq Capital plans to set up an Islamic equity fund of up to $100 million in the third quarter of this…
April 25, 2013 1:11 -
UAE’s Dana Gas shareholders approve sukuk restructuring
Under the plan, the company will repay $70 million in cash, with the remaining $850 million split equally between two new five-year sukuk – an ordinary Islamic bond and a convertible sukuk
April 24, 2013 6:58
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Barclays’ senior Mena financial institutions banker departs
Dubai-based Helou left the bank few weeks ago, the sources said, speaking on condition of anonymity as the matter is not public. Both Barclays and Helou were not immediately available to comment on why he left and his plans for the future.
April 24, 2013 6:57 -
Currency shortages hit Vodafone’s Egyptian business
For now, Vodafone Egypt had been obliged to "significantly" rein in its network improvement and expansion plans in the past three months, namely upgrading base stations to high-speed, third-generation networks.
April 24, 2013 6:55 -
Etihad confirms 24 percent stake in Jet Airways for $379 million
Jet's majority ownership will remain with Indian nationals and Jet's founder and non-executive chairman, Naresh Goyal, will hold 51 percent of the airline after the deal, which is subject to shareholder approval, the statement added.
April 24, 2013 6:54
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Results still driver for UAE markets
Expectations in the Middle East are high for good first-quarter earnings, while cues from China are negative.
April 23, 2013 6:43 -
IMF and Egypt working to reach loan deal in ‘coming weeks’
The statement said Egypt was "firmly committed to addressing its economic and financial challenges with the objective of restoring sustained and socially balanced growth, and they are already taking encouraging actions in this direction".
April 22, 2013 6:32 -
Saudi body recommends Friday to Saturday weekend
After Oman shifting to a Friday to Saturday week this May, KSA will be the only Gulf Arab state to maintain a Thursday to Friday weekend.
April 22, 2013 6:16
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Saudi oil exports flatline as Asian demand stutters
Sources familiar with Saudi oil policy said demand for crude from outside the kingdom was expected to remain flat through June, although it could burn more crude domestically to cover an increase in power generation.
April 22, 2013 6:13 -
Majestic profits for Kingdom Holding
Saudi firm makes net profit of SAR110.1 million ($29.4 million) during Q1.
April 22, 2013 9:18 -
Emirates NBD: ‘Pudner resigning’
Emirates CEO expected to hand over role to new leader as part of 'organisation's strategy for change and transformation'.
April 21, 2013 7:23
