UAE « 24/73 « | Kippreport.com

Abu Dhabi’s UNB may raise debt to repay $1B loan

UNB roadshows in Asia and Europe this week as its $1 billion loan matures in end of this year. Bank plans to open a branch in Kuwait this year.

September 26, 2011 2:31

Dubai 2010 real GDP up 2.8 percent, beats estimate

Economic growth up from June estimate of 2.4 percent; GDP shrank by 2.4 percent in 2009

September 25, 2011 10:03

UAE holds its second election for advisory body

Polls opened on Saturday for the second election in the United Arab Emirates, where a fraction of the population will vote for an advisory council, as the Gulf Arab state tries to forge closer links between the rulers and the people.

September 24, 2011 2:03

UAE’s online music sales just can’t hit the high note

Get your act together, music industry! The more you delay offering us legit music, the more you force us to go bootleg.

September 21, 2011 3:01

GCC in renewed push for rail projects

Key construction contracts to be awarded in weeks as Saudi Arabia expands its rail network with 3 new rail lines and the UAE and Qatar rail plans in progress.

September 21, 2011 11:40

UAE’s Emarat in talks to lease Fujairah storage

UAE fuel retailer Emarat is in talks with potential investors to lease out its storage tanks in the port of Fujairah, a source familiar with the matter said on Tuesday.

September 20, 2011 3:08

What does the UAE do with 200KG per capita of paper a year?

Besting the global average of 60KG per capita of paper usage, the UAE’s plans for a green living won’t get anywhere if paper use remains unchecked, says Precious de Leon.

September 19, 2011 3:31

Egypt discussing finance package with Saudi, UAE

Egypt is discussing financial packages for budgetary and other support with Saudi Arabia and the UAE that could exceed a total of $5 billion based on figures initially proposed, the Egyptian finance minister said on Monday.

September 19, 2011 11:12

A Game of Chicken: EIDA vs UAE

The never ending saga of getting a Emirates ID has Kipp severely unfazed: bring on the fines, the penalties and the ultimatums…we’re ready.

September 15, 2011 3:08

FNC Candidate Saeed Harib

Kipp chats with FNC hopeful Saeed Harib, CEO of Dubai International Marine Club as he tells us what it means…

September 13, 2011 2:13

UAE cancelled $170 bln worth projects -report

The amount of construction projects cancelled and delayed in the UAE rose to $170 billion in August, Citigroup said in a report, signalling the battered sector in the Gulf state is still away from a recovery.

September 13, 2011 11:48

Mideast trader Gulf Petrochem seeks share of booming Asia market

Starting to trade fuel oil, distillates in Singapore; Eyes oil storage in India, Malaysia and Fujairah

September 8, 2011 4:10

UAE business activity at 15-month low

New business growth at one-year low, job creation slows, according to survey.

September 7, 2011 3:08

Bahrain regulator accuses Batelco, STC over call charges

Bahrain's telecoms regulator has issued notices to Bahrain Telecommunications Co (Batelco) and Saudi Telecom Co unit Viva, accusing them of anti-competitive pricing on international calls to Asia.

September 6, 2011 4:13

DNO buys RAK assets for $250 mln in shares

Norwegian oil firm DNO International said it would buy oil and gas fields from UAE-based Rak Petroleum for $250 million of DNO stock, after pricing its shares in the upper range of the announced range.

September 5, 2011 10:30