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Abu Dhabi gave EmiratesNBD liquidity boost for Dubai Bank buy

Abu Dhabi gave EmiratesNBD liquidity boost for Dubai Bank buy

Abu Dhabi gave Dubai's largest lender, Emirates NBD, a liquidity injection to help it absorb struggling Islamic lender Dubai Bank, ENBD's chief financial officer said on Wednesday.

February 15, 2012 2:20
 
Dubai to target 4.5 percent growth in 2012

Dubai to target 4.5 percent growth in 2012

Dubai will aim for economic growth of 4.5 percent this year, up from an estimated expansion of more than 3 percent in 2011, a senior economic official said on Wednesday.

February 15, 2012 2:18
 
Dubai Govt still backs state-linked firms – Sheikh Ahmed

Dubai Govt still backs state-linked firms – Sheikh Ahmed

The Dubai government will continue to support state-linked entities, the chairman of its Supreme Fiscal Committee said on Wednesday, two weeks after it walked away from debt talks at Dubai Group.

February 15, 2012 2:04
 
Labour strikes shut Dubai’s DP World port in Egypt

Labour strikes shut Dubai’s DP World port in Egypt

Dubai's port operator DP World shut down its Ain al-Sokhna port in Egypt for the second day on Monday because of labour strikes that have disrupted shipments, an official at the Red Sea port authority said.

February 14, 2012 2:44
 
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