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  • No offers on oil block 11 in Iraq energy bids-government

    Iraq initials oil block deal with Kuwaiti-led group

    Iraq initialled an oil block exploration and development contract with a consortium led by Kuwait Energy on Monday as part of its drive to attract more foreign investment following years of war and sanctions.

    July 16, 2012 4:52
  • GFH Logo

    Bahrain’s GFH restructures $45 million debt

    Bahrain, restructuring, Islamic investment bank Gulf Finance House, $100 million wakala-structured facility, Bahrain-based Liquidity Management Centre

    July 16, 2012 4:51
  • 200-nbad-logo

    NBAD appoints Yasin head of brokerage unit

    National Bank of Abu Dhabi (NBAD), the largest lender by market value in the United Arab Emirates, has appointed Mohammed Ali Yasin as head of its brokerage subsidiary.

    July 16, 2012 4:49
  • Traders

    Markets lackluster as summer lull deepens

    Gulf Arab bourses are likely to remain lacklustre on Monday as a summer trading lull, regional political tensions and sustained volatility on global equity and oil markets make investors wary of raising their risk exposure.

    July 16, 2012 11:55
  • Abu Dhabi TAQA

    UAE’s TAQA gets $355 million financing for Ghana project

    TAQA, which is owned 75 percent by the government of Abu Dhabi, will expand the Takoradi 2 (T2) power plant's capacity from 220 megawatts to 330 megawatts, the firm said in a statement.

    July 16, 2012 11:35
  • Nuclear Power Plant in San Onofre, California

    UAE nuclear plant gets environmental OK

    The no objection certificate from the environmental regulator is one of several approvals needed for construction to begin on the two reactors at the Barakah nuclear power plant.

    July 16, 2012 11:15