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Moving at Variable Speed

Nearly three years after the glob­al banking crisis erupted, the banks in the Gulf Cooperation Council countries continue to remain…

May 21, 2012 3:43
 
UAE Trade

Impact on UAE trade of Iran sanctions moderate-IMF

The recent tightening of international sanctions against Iran are expected to only have a “moderate” impact on the economic growth…

May 21, 2012 8:54
 
UAE loans

UAE to settle citizens’ defaulted loans, up to $1.4 million

The United Arab Emirates will settle up to 5 million dirhams ($1.36 million) of defaulted loans for each indebted Emirati,…

May 21, 2012 8:52
 
dubai prices

Fall in Dubai prices eases in April

Consumer prices in Dubai fell at a 1.5 percent annual rate in April and 0.2 percent from March, extending deflation into a fifth consecutive month mainly due to a drop in food prices, data showed on Wednesday.

May 17, 2012 12:21
 
UAE panel proposes cut in local fuel prices

UAE panel proposes cut in local fuel prices

Fuel prices in the United Arab Emirates are too high and should be brought down to match levels in other Gulf countries according to a proposal by an advisory council's committee, daily newspaper Gulf News said on Monday

May 7, 2012 3:45
 
ENBD'S Islamic arm plans $500 million sukuk sale in 2012

ENBD'S Islamic arm plans $500 million sukuk sale in 2012

Emirates NBD's Islamic unit plans to issue more than $500 million sukuk this year and expects to merge with Dubai Bank before the end of 2012, Al Khaleej Arabic daily newspaper reported on Monday

May 7, 2012 3:42
 
South Korea says UAE, Saudi promise more oil

South Korea says UAE, Saudi promise more oil

The United Arab Emirates and Saudi Arabia have promised to fill any gap in South Korea's oil imports if supplies from Iran are disrupted, South Korean Minister of Strategy and Finance Bahk Jae-wan said on Monday.

May 7, 2012 3:34
 
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
 
Fly Dubai to Add Destinations, Planes, Eyes Price Rise

Fly Dubai to Add Destinations, Planes, Eyes Price Rise

Carrier to add 4-5 new destinations in 2012; on track to earn first profit this year; Plans to increase ticket prices as fuel costs rise

May 2, 2012 3:54
 
UAE'S ADNOC Keeps June Crude Supply to Asia Steady

UAE'S ADNOC Keeps June Crude Supply to Asia Steady

Maintains contractual supply of 4 crude grades; Resumes giving plus tolerance for Murban crude

May 2, 2012 3:48
 
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
 
Dubai Sukuk to Fund Airport Expansion

Dubai Sukuk to Fund Airport Expansion

Etihad Airways has bought a three percent stake in Irish airline Aer Lingus as a precursor to a commercial tie-up that could help Abu Dhabi's flagship carrier gain more European routes to catch up with Middle Eastern rivals

May 1, 2012 3:28
 
UAE'S Etihad Seeks More Routes with Aer Lingus Stake

UAE'S Etihad Seeks More Routes with Aer Lingus Stake

Etihad Airways has bought a three percent stake in Irish airline Aer Lingus as a precursor to a commercial tie-up that could help Abu Dhabi's flagship carrier gain more European routes to catch up with Middle Eastern rivals

May 1, 2012 3:26
 
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
 
UAE Cooling Firm Tabreed Q1 Net Up 15 Pct

UAE Cooling Firm Tabreed Q1 Net Up 15 Pct

National Central Cooling Company (Tabreed) reported a 15 percent rise in first quarter profit on Tuesday as operating costs declined by a quarter for its chilled water business.

May 1, 2012 9:42
 
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