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brent crude slip

Abu Dhabi keeps crude supply to Asia but omits plus option

Abu Dhabi National Oil Co (ADNOC) will supply full contractual supplies of four main crude grades to Asia in October, but is not giving its customers a so-called "plus tolerance" option, traders said on Thursday.

August 30, 2012 10:42
 
UAE healthcare firm NMC's

UAE healthcare firm NMC’s net profit jumps 21 percent

H1 net profit $27.5 million; Capex rises sharply; Positive on H2 earnings, profit outlook

August 29, 2012 5:58
 
No offers on oil block 11 in Iraq energy bids-government

Enoc, Aldrees team up for Saudi fuel forecourts

Emirates National Oil Co (Enoc) has teamed up with Saudi fuel retailer Aldrees to build at least 40 service stations in the kingdom, the companies said on Tuesday, in a deal the Dubai-government owned retailer hopes can recover some of its losses at home.

August 28, 2012 6:40
 
Lebabob Shi'ite clan

UAE tells its citizens to leave Lebanon immediately

The United Arab Emirates told its citizens on Wednesday to leave Lebanon immediately, the state news agency said, after a spate of kidnappings by gunmen belonging to a Lebanese Shi'ite clan.

August 16, 2012 10:42
 
Gulf Arab nuclear plant

UAE hires six firms for nuclear fuel supply, valued at $3 billion

The United Arab Emirates hired six foreign firms, including Rio Tinto and Areva , to provide fuel for its first nuclear power plant, in contracts valued at $3 billion.

August 15, 2012 5:05
 
Eid Holiday

UAE markets to close for Eid holiday

The UAE's three bourses will be closed for two or three days for the Eid holiday, depending on the sighting of the moon, the market regulator said on Monday.

August 13, 2012 4:25
 
200-arabtec

Dubai builder Arabtec suffers first loss since 2009

Net loss is 11.6 mln dirhams; Revenue 1.3 bln dirhams vs 1.2 bln yr-ago; Gross margins drop 9.9 percent year on year; Shares close down 4 pct on Dubai bourse

August 9, 2012 10:30
 
Fadi Malas, CEO Just Falafel

Interview: Just Falafel- With love, from UAE to the world

CEO of Just Falafel, Fadi Malas tells Kipp about its journey from being perceived as a humble street food offering, to being the hotly pursued, ambitious multinational brand that it is, today.

August 8, 2012 10:00
 
CEO of GoMadInc, Shabbir Adamji

Interview: Dubai’s local social network to share ad revenue with users

Dubai's new local social network launches to lock horns with global behemoth, Facebook. CEO of GoMadInc, Shabbir Adamji speaks to Kipp on its plans to attract users and advertisers in a cluttered social media environment.

August 7, 2012 11:21
 
200-air-arabia

Air Arabia second quarterly net profit up 30 percent at $18 million

UAE budget carrier Air Arabia said quarterly net profit rose 30.7 percent at 66.15 million dirhams ($18 million), beating analysts' forecasts.

August 7, 2012 10:05
 
Splash CEO, Raza Beig

Interview: MENA is the next big ‘value’ shopping destination

The Landmark Group's CEO for Splash and Iconic, Raza Beig, speaks to Kipp about cashing in on the value retail boom in the MENA market.

August 6, 2012 8:56
 
arrested UAE lawyer

UAE arrests 10 more threat suspects

Relatives and activists said most of those arrested have links to the local al-Islah (Reform) Islamist group, which has been the target of a crackdown in the UAE

July 29, 2012 8:10
 
Federica Mazza - Creative Director LEMUDA

Middle East ‘E-tailers’ optimistic despite cautious consumers

A candid interview with Federica Mazza, Creative Director, Lemuda.com reveals how online retailers in the Middle East are sharpening their survival skills to beat the odds in this nascent market.

July 29, 2012 12:16
 
Unified GCC currency

Gulf states should not fall in the same hole

A Reuters poll predicts no common currency until 2017, but the an official from Qatar's Central Bank says they should learn from the Euro Zone mistakes

July 28, 2012 11:02
 
Jamie Lear, CEO, Dubai's Professional Trading Group DMCC

INTERVIEW: Dubai plays the numbers game

Even as the global economic climate heats up, Dubai is attracting financial traders from the world over. Kipp speaks to Jamie Lear, CEO, Dubai's Professional Trading Group DMCC, for some insights into the high octane world of financial trading.

July 25, 2012 10:24