Qatar Air denies interest in SpiceJet
Qatar Airways is not interested in buying a stake in budget carrier SpiceJet Ltd or any other Indian airline, the Gulf carrier’s chief…
January 15, 2013 5:36-
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COMMITTED: UAE focused on green energy
The UAE is committed to promote green energy sector in the country with an emphasis on continued innovation to achieve cost effective alternative energy solutions, said Sheikh Mohammed bin Zayed Al Nahyan.
January 15, 2013 5:12 -
UAE’s capital ready to spend
The emirate of some 2 million people, which accounts for around 78 percent of overall fiscal spending in the UAE and is home to one of the world's largest sovereign wealth funds, does not publish its yearly budget plans and outcomes.
January 14, 2013 2:16
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Kuwait 8-month budget surplus at $52 billion
A Reuters poll in September forecast Kuwait would record a budget surplus of 23.8 percent of GDP in fiscal year 2012/13, which began in April.
January 13, 2013 5:59 -
Serbia expects multi-million euro investments from UAE
Serbia says UAE interested in arms, real estate, farming; Expects to sign weapons deal next week; Struggling Serbia looking east for investors
January 13, 2013 9:52 -
Saudi Hollandi Q4 net profit up 35.6 percent
The lender said in a statement posted on the Saudi bourse's website it made 313.4 million riyals ($83.6 million) in the last three months of 2012 compared to 231.2 million in the last quarter of 2011.
January 13, 2013 9:46
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Swatch Group gross sales CHF 8 143 million
• Gross sales for the Group increase to CHF 8 143 million, a plus of +14.0% over 2011; Gross sales increase of +15.6% in the Watches & Jewelry segment; Double-digit growth rates for almost all brands, notably outside Greater China as well.
January 13, 2013 9:41 -
Dubai Group settles lawsuit on way to wider $10 billion debt deal
Under terms presented to the banks in December, Dubai Group's parent Dubai Holding will buy out their debt plus that of any others in the same syndicate of lenders wishing to exit early for 18.5 cents in the dollar.
January 13, 2013 9:38 -
Kuwait’s Parliament approves decree curbing popular vote
Parliament's decision to ratify the decree may help deflect any legal challenge to the election and lends the measure political and legal weight ahead of hearings before Kuwait's constitutional court in the coming months.
January 9, 2013 7:30
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Dubai announces drive to develop I slamic business
The government will promote Islamic banking and insurance, Islamic financial products and other areas including the arbitration of Islamic contracts and the setting of quality standards for halal food, Sheikh Mohammed bin Rashid al-Maktoum said in a statement.
January 9, 2013 7:27 -
Kurdistan starts independent crude oil exports
The export of crude, in addition to small volumes of niche condensate, demonstrates the semi-autonomous region's growing frustration with Baghdad as it moves towards ever greater economic independence,
January 9, 2013 8:04 -
Dubai’s DEWA plans $1 billion sukuk in Q1 2013
The proceeds of the sukuk would be used to refinance existing debt and to invest in the company's projects
January 9, 2013 8:02
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Abu Dhabi to award contract for branch of Louvre
The source declined to name the contractor, but said the award was expected to be announced on Tuesday.
January 9, 2013 8:00 -
Dubai’s Emaar awards hotel contract to Brookfield
No value for the contract was given in the statement.
January 9, 2013 7:58 -
Nakheel issues $33 million sukuk as part of debt deal
Dubai’s Nakheel issued an Islamic bond worth 121 million dirhams ($32.94 million) on Monday, the third tranche of a sukuk…
January 7, 2013 7:40
