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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
 
State Security Detains Activist in RAK

State Security Detains Activist in RAK

State security men on Sunday detained an Islamist activist who had criticised the UAE’s security apparatus, his son said;In March, Dhufairi was detained for "provoking strife" after criticising the state security services on Twitter for interfering in the lives of citizens.

April 29, 2012 2:57
 
Dubai Prices $1.25 Billion Islamic Bond at Par

Dubai Prices $1.25 Billion Islamic Bond at Par

The government of Dubai priced a $1.25 billion two-tranche Islamic bond, or sukuk, on Wednesday, at par. A $600 million five-year tranche was priced at 4.90 percent and a 10-year portion was priced at 6.45 percent, in line with launch guidance released earlier that day.

April 26, 2012 10:50
 
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