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Australia's NSW Revives Islamic Finance Push

Australia's NSW Revives Islamic Finance Push

The government of the Australian state of New South Wales, home to the country's financial capital Sydney, will send a group to Dubai this week to discuss ways to develop the Islamic finance industry, officials said.

May 13, 2012 9:21
 
Dubai's Arabtec Q1 Net Surges

Dubai's Arabtec Q1 Net Surges

Q1 net profit 84.1mln dirhams vs. 26.6 million a year ago; Results beat average analysts forecasts; Says considering buying remaining 45 percent in steel unit; Abu Dhabi fund Aabar owns 10.5 percent in Arabtec

May 9, 2012 9:25
 
Blackstone Buys London Financial District Complex

Blackstone Buys London Financial District Complex

Private equity company Blackstone Group has expanded its property presence in London, buying the 12-building Devonshire Square office and retail complex from rival Rockpoint and the Abu Dhabi Investment Authority (ADIA), according to a source familiar with the deal.

May 9, 2012 9:20
 
Etihad drops more A350s in setback to Airbus

Etihad drops more A350s in setback to Airbus

Abu Dhabi airline cancels 7 next-generation A350-1000s; aircraft worth over $2 billion at today's list prices; same Gulf carrier cancelled 6 A350-1000s in December; Airbus says A350-1000 is more efficient than Boeing 777

May 7, 2012 3:24
 
Six of the World’s Best Water Parks

Six of the World’s Best Water Parks

As Yas Waterworld in Abu Dhabi prepares to open its gates later on this year 2012, Kipp takes a ride through six of the best water parks from around the world that you must visit…

May 6, 2012 3:35
 
Abu Dhabi's TAQA Gets Nod for Dutch Gas Facility

Abu Dhabi's TAQA Gets Nod for Dutch Gas Facility

Abu Dhabi National Energy Co (TAQA), the state-run oil and gas utility firm, has received approval from the Dutch government for the construction of a gas storage facility in Dutch's Bergermeer field, it said on Wednesday.

May 2, 2012 3:28
 
In Pictures: The tallest cities in the Arab world

In Pictures: The tallest cities in the Arab world

Three of the UAE’s cities have made it onto a list of tallest cities in the world, compiled by a German building data company. Kipp takes a look at the Arab cities that have skylines worth watching.

May 1, 2012 3:45
 
NBAD in Talks Over UAE Central Bank Lending Limit

NBAD in Talks Over UAE Central Bank Lending Limit

National Bank of Abu Dhabi is in discussions with the UAE’s central bank over proposed lending caps on local government entities and was "confident" a solution would be found, its chief executive said on Monday.

May 1, 2012 10:02
 
Sorouh Q1 Profit Rises 30 Percent

Sorouh Q1 Profit Rises 30 Percent

Abu Dhabi's Sorouh Real Estate, which is eyeing a state-backed merger with rival Aldar Properties, posted a 30 percent rise in quarterly net profit riding on revenue from government projects and higher rental income.

April 29, 2012 9:00
 
Arabtec-Tav Group Nears $3 Billion Abu Dhabi Airport Contract

Arabtec-Tav Group Nears $3 Billion Abu Dhabi Airport Contract

An Arabtec Holding consortium that includes Greek and Turkish firms is on the cusp of securing an estimated $3 billion contract for the expansion of Abu Dhabi's international airport, four industry sources told Reuters.

April 25, 2012 2:52
 
UAE Edible Oils Firm Says Iran Client Staying Away

UAE Edible Oils Firm Says Iran Client Staying Away

An Abu Dhabi-based edible oils firm said on Tuesday its Iranian client had stopped making orders due to liquidity issues, highlighting the slowdown in trade as Western sanctions squeeze financing for Iranian companies.

April 25, 2012 10:21
 
Abu Dhabi's NBAD Launches UAE Real Estate Fund

Abu Dhabi's NBAD Launches UAE Real Estate Fund

The National Bank of Abu Dhabi (NBAD) has launched a real estate fund in partnership with a Kuwaiti firm to seek investment opportunities in the UAE’s property sector, the lender said on Sunday.

April 23, 2012 9:20
 
Aldar Says No Financial Help Needed From Abu Dhabi

Aldar Says No Financial Help Needed From Abu Dhabi

Abu Dhabi's Aldar Properties , currently in merger talks with rival Sorouh Real Estate, says it is committed to repay its huge pile of debt and sees further consolidation in the emirate's battered property market.

April 23, 2012 9:07
 
Rappers in our hood

Rappers in our hood

A new rap song puts Abu Dhabi in the spotlight - for better or for worse. This isn't the first time the region's been featured in a song, and Kipp suspects it won't be the last time.

April 22, 2012 4:23
 
Dubai's Arabtec Wins Contract from Shareholder Aabar

Dubai's Arabtec Wins Contract from Shareholder Aabar

Arabtec, in which state-owned investment fund Aabar owns a 10.45 percent stake, said the contract to build a tower of 229 apartments would take 22 months to complete.

April 22, 2012 10:42
 
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