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UAE’s NBAD eyes regional mandates

UAE’s NBAD eyes regional mandates

National Bank of Abu Dhabi, the largest lender by market value in the United Arab Emirates, is set to take on regional mandates to add to its home-market advantage, the head of the bank's debt capital markets team said.

March 7, 2012 1:30
 
AMD sells stake in GlobalFoundries; restructures supply deal

AMD sells stake in GlobalFoundries; restructures supply deal

Advanced Micro Devices has dumped its equity stake in GlobalFoundries Inc, three years after spinning off the company that makes most of its computer chips, in a move that frees it to strike manufacturing deals with other foundries.

March 6, 2012 11:08
 
Abu Dhabi’s Aabar raises stake in Dubai builder Arabtec

Abu Dhabi’s Aabar raises stake in Dubai builder Arabtec

Abu Dhabi's Aabar Investments, which scrapped a $1.7 billion deal to take a majority stake in Arabtec two years ago, has raised its holding in the Dubai builder to 5.28 percent, according to a filing on the Dubai stock exchange on Monday.

March 6, 2012 11:01
 
South Korea takes 40 percent stake in UAE oilfields

South Korea takes 40 percent stake in UAE oilfields

A Korea National Oil Corporation (KNOC)-led consortium has secured South Korea's first oil production assets in the United Arab Emirates (UAE), the Korean government said on Monday.

March 5, 2012 1:21
 
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