UAE to bypass straits of hormuz with new pipeline
Pipeline initially flowing 1 mln bpd, total capacity 2.5 mln bpd; Aims to provide an alternate route as Iran tensions rise
November 21, 2011 2:38UAE sees first annual deflation in 20 months
Consumer prices in the UAE dipped by 0.1 percent on an annual basis in October, their first decline in 20 months, and rose 0.4 percent from the previous month helped by a jump in food costs, data from the National Bureau of Statistics showed on Monday.
November 21, 2011 2:26UAE’s Al Futtaim eyes $1.3B for Qatar, Egypt
Al Futtaim Group, a UAE-based conglomerate, is planning to raise around $1.3 billion to finance its expansion in Qatar and Egypt, an executive at the company said.
November 21, 2011 1:32Bahrain’s Investcorp eyes $400M MidEast PE spend by 2013-end
Bahrain-based alternative investment manager Investcorp is looking to spend more than $400 million on stakes in companies in Turkey and the Gulf Cooperation Council (GCC) in the coming two years, a senior executive said Monday.
November 21, 2011 1:21Abu Dhabi’s Gulf Capital sees to close 4 PE deals in Q1 2012
Abu Dhabi-based private equity firm Gulf Capital is in the final stages of acquiring majority stakes in four regional firms, with closing targeted for the first quarter of next year, the company's chief executive said on Monday.
November 21, 2011 1:18
What will it mean to be Emirati?
In a time of regional chaos, celebrating National Day should mean more than waving larger-than-life flags and putting on car stickers.
November 21, 2011 12:29
The Magazine in the Machine: digital publishing fits all
The high adoption rates of mobile devices in the Middle East have created the unspoken expectation for publications to go online. Such a move can be daunting and the right tools must be employed to ensure success in overcoming the challenges of digital publishing.
November 20, 2011 4:11UAE condemns attack on its Damascus Embassy
The UAE condemned an attack on Wednesday on its embassy in the Syrian capital, the state news agency WAM reported.
November 17, 2011 3:22Nippon Steel to invest in UAE steel mill
Nippon Steel Corp, the world's No.4 steelmaker has agreed to acquire a 20 percent stake in Al Ghurair Iron & Steel (AGIS), a steelmaker in the UAE, for about 2 billion yen ($26 million) to tap growing demand for steel in the Middle East.
November 17, 2011 3:19Rafale warplane deal stalled, UAE says proposal “unworkable”
UAE spoke to Eurofighter, Boeing over fighter jets; Keen interest in arms in Gulf region
November 16, 2011 8:28Abu Dhabi’s ADCB sets final guidance on 5-year sukuk
Final guidance set at 275 bps over mid swaps; Books closed 1230GMT, pricing expected later today
November 16, 2011 8:26Dubai Bank Rasmala in potential sale talks
Chairman says firm is in talks to raise capital, no sale planned; Sources said Rasmala reached out to local players for sale; Regional investment banks in the Gulf have struggled in recent years
November 16, 2011 8:21
Mall space: the property owner’s final frontier
Are the malls in Dubai Mall being too precious about renting out their much-coveted retail space?
November 16, 2011 4:46Dubai’s ENBD plans no further Network Intl sell-down
Emirates NBD, Dubai's largest bank, does not plan to further sell down its stake in Network International, the chairman of the payment processing firm said on Tuesday.
November 16, 2011 1:07
JBR residents fight for broken promises
In business, words don't mean a thing. It's all about what's in black and white. But broken promises, even verbal ones, still sting as some Dubai residents find out.
November 15, 2011 4:24
A major step for Turkey
As Prime Minister Erdogan showcases Turkey's prestige on a visit to the White House, the country has its ratings upgraded...
May 19, 2013 9:45
Dusting off the Emirates ID card
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
Taking on Abercrombie & Fitch
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Fake pilot 'on the run'
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26