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UAE's Emal

UAE’s Emal seeks $4 billion expansion financing

Emirates Aluminium (Emal), a joint venture between Abu Dhabi's Mubadala and Dubai Aluminium, has approached banks to arrange $4 billion in financing to expand its smelter, Project Finance International (PFI) said on Monday.

August 14, 2012 10:20
 
Abu Dhabi TAQA

UAE’s TAQA second quarterly profit up 3 percent, revenues fall

Abu Dhabi National Energy Co (TAQA) said on Tuesday that second-quarter net profit edged up 3 percent to 447 million dirhams ($122 million) in the second quarter from 435 million a year earlier.

August 14, 2012 9:56
 
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UAE’s NBAD tightens bond guidance further, to price Monday

National Bank of Abu Dhabi , the largest lender by market value in the United Arab Emirates, has further tightened price guidance for its seven-year benchmark bond issue, which is due to price later on Monday, lead managers said

August 6, 2012 4:07
 
sukuk copy

Cash-rich Islamic funds fuel wild Dubai sukuk rally

Dubai 2014 sukuk yield plunges 235 bps since February; Fundamental factors support a rally; But some think euphoria has gone too far; Liquidity temporarily boosted by maturities; Approach of Ramadan may be spurring purchases

July 18, 2012 5:24
 
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