An Abu Dhabi-based edible oils firm said on Tuesday its Iranian client had stopped making orders due to liquidity issues, highlighting the slowdown in trade as Western sanctions squeeze financing for Iranian companies.
April 25, 2012 10:21
The government of Dubai plans to issue a benchmark Islamic bond, or sukuk, made up of a five-year and a 10-year tenor, arranging banks said on Tuesday.
April 24, 2012 2:58
An Arabtec Holdings unit has won three contracts in Qatar and the UAE worth $137.22 million, the Dubai builder said on Monday. The largest of the contracts, worth a combined AED504 million, is from Qatar Petroleum for the construction of a workers facility to be built over three years, according to a statement
April 23, 2012 4:25
Etisalat reported a flat first-quarter net profit on Monday, beating analysts' estimates as the telecom operator's rising international revenue offset declines at home.
April 23, 2012 3:27