Abu Dhabi 2011 economic growth fastest in 7 years
Abu Dhabi’s economy grew 6.8 percent in inflation-adjusted terms in 2011, the fastest rate since 2004 and more than double…
October 14, 2012 3:34-
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Etisalat will not exit foreign markets – CEO
Etisalat, the Gulf’s No.2 telecommunications operator, will not completely sell out of any of its foreign markets, the company’s chief…
October 14, 2012 3:31 -
AC Milan denies plans to sell to Qatar
One of the club's directors said on Thursday Berlusconi remained committed to his soccer team, playing down speculation that he was ready to sell up.
October 13, 2012 8:49
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Dubai Limitless agrees restructuring of $1.2 billion loan
Limitless has honoured all profit payments on the loan since it was signed in 2008, and will continue to make the payments under the new agreement, the company said.
October 11, 2012 4:48 -
Morocco’s king plans Gulf tour
King Mohammed will travel to countries in the Gulf Cooperation Council, which comprises Saudi Arabia, the United Arab Emirates, Kuwait, Bahrain, Qatar and Oman...
October 11, 2012 11:42 -
Jeddah Shisha smokers forced out
A law against smoking the pipes, known in Arabic as shisha, in public places has been in place for years in some other Saudi cities...
October 11, 2012 8:49
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Nakheel appoints Manchanda as CEO
Nakheel, a unit of Dubai World, was forced to separately negotiate a restructuring agreement with creditors
October 10, 2012 1:37 -
New gas field found in Red Sea – Agency
Saudi Aramco, the world's largest oil exporter, is looking for gas all over the kingdom to boost gas production
October 10, 2012 9:37 -
Bahrain’s ALBA settles bribery suit
Alba had accused Alcoa of conspiring with a businessman to orchestrate bribes in Bahrain and to overcharge it for alumina, the crucial material used to make aluminum.
October 10, 2012 9:21
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Lawsuit against crown prince’s firm settled – Sources
Zabeel, owned by Crown Prince Hamdan bin Mohammed al-Maktoum and which once had stakes in Sony Corp and planemaker EADS, owes approximately 6 billion dirhams to mostly local banks.
October 9, 2012 3:21 -
Saudi says their mission is complete
Saudi Arabian oil minister expressed the Kingdom's satisfaction at having kept oil prices under moderation
October 9, 2012 3:18 -
UAE Central Bank extends lending cap – NBAD
The central bank unveiled exposure limit rules for commercial banks in April, introducing caps for loans made to local governments and their entities.
October 9, 2012 9:18
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We need Emirates and no alternative – Qantas CEO
The Australian airline has decided to pair up with Emirates Airline to recover from international losses after a 17 year relationship with British Airways ended
October 9, 2012 8:45 -
TO INDIA AND BEYOND: Eithad keen on opportunities in Asia
Etihad Airways, Abu Dhabi's flag carrier which has expanded globally through stake purchases in firms like Air Berlin and Virgin Australia, will look to extend its geographical reach to India and other Asian markets.
October 8, 2012 8:47 -
Iran’s gasoline capacity to rise in November
Gasoline production capacity at Iran's Shazand oil refinery is set to double to around 16 million litres per day in late 2012, making it the largest in the country, Iran's oil ministry news website reported on Sunday.
October 7, 2012 5:59
