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UAE Edible Oils Firm Says Iran Client Staying Away

UAE Edible Oils Firm Says Iran Client Staying Away

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
 
Dubai Plans for 5 And 10 Year Sukuk Imminent

Dubai Plans for 5 And 10 Year Sukuk Imminent

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
 
Dubai's Arabtec Says Unit in $137 Million Contract Win

Dubai's Arabtec Says Unit in $137 Million Contract Win

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 Q1 Profit Flat As Foreign Revenue Jumps

Etisalat Q1 Profit Flat As Foreign Revenue Jumps

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
 
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