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IEA official sees 2012 energy demand met by key producers

IEA official sees 2012 energy demand met by key producers

Major Middle Eastern oil producers will step in to fill any gap caused by supply shortages this year, the IEA's chief economist Fatih Birol said on Friday, while global energy demand will eventually recover from a fall caused by economic slow down.

February 11, 2012 6:18
 
Etihad interested in talks on Aer Lingus

Etihad interested in talks on Aer Lingus

Abu Dhabi's Etihad is interested in holding talks with the Irish government over the sale of its 25 percent stake in Aer Lingus, the Middle East airline's Chief Executive James Hogan told the Irish Independent newspaper.

February 11, 2012 6:16
 
Abu Dhabi investment firm TNI slashes jobs

Abu Dhabi investment firm TNI slashes jobs

Abu Dhabi-based investment firm, The National Investor (TNI), has shed more than half of its workforce and is planning more job cuts in a bid to reduce costs in response to tough financial markets, several sources told Reuters on Monday.

February 6, 2012 2:58
 
Slowing growth weighs on Middle East M&A values

Slowing growth weighs on Middle East M&A values

Mergers and acquisitions in the Middle East and North Africa rose slightly in 2011, but the combined value of deals fell by more than a quarter as slower economic growth weighed on prices, Ernst & Young said on Sunday.

February 6, 2012 2:25
 
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