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UAEs-Aldar-Sorouh-merger

UAE’s Aldar, Sorouh in due diligence on potential merger

Due diligence has begun on the potential state-backed merger of indebted Abu Dhabi developer Aldar Properties and smaller rival Sorouh Real Estate , the two firms said on Sunday.

June 10, 2012 5:53
 
Tanzania-invites-UAE-to-explore-for-oil-and-gas

Tanzania invites UAE to explore for oil and gas

Tanzania’s president has invited investors from the United Arab Emirates to join the rush for oil and gas in the…

June 10, 2012 10:53
 
UAEs-Etihad-buys-4-percent-stake-in-Virgin-Australia

Abu Dhabi’s ambitious plan: Etihad eyeing at least 10 percent in Virgin Australia

Abu Dhabi's flagship carrier Etihad Airways plans to raise its stake in Virgin Australia Holdings to at least 10 percent, Etihad's top executive said, after stating it owns a near 4 percent stake in the Australian carrier on Tuesday.

June 5, 2012 5:24
 
UAEs-Etihad-buys-4-percent-stake-in-Virgin-Australia

UAE’s Etihad buys 4 percent stake in Virgin Australia

Stake bought through open market purchases; Virgin Australia shares gain 1.2 percent; Abu Dhabi carrier has been rapidly expanding overseas

June 5, 2012 11:45
 
UAE-business-activity-at-11-month-high-in-May

UAE business activity at 11-month high in May

Growth in business activity in the United Arab Emirates' non-oil private sector edged up to an 11-month high in May, a purchasing managers' survey showed on Tuesday.

June 5, 2012 11:45
 
ADNOC

UAE’s ADNOC keeps Asia crude supply steady in July

ADNOC has notified Asian buyers that it will supply its four main grades - Murban, Lower Zakum, Umm Shaif and Upper Zakum - at contractual volumes in July, the sources said.

June 5, 2012 11:28
 
OPEC-basket-price

UAE economy minister says oil around $100 okay

"As long as it hovers around $100, it is the right price," he told a news conference. "My expectation is it will hover between $80-$100 depending on the situation - it could be more than that," the UAE's economy minister Sultan bin Saeed al-Mansouri said on Monday.

June 4, 2012 5:41
 
OPEC-output-hits-new-high

OPEC basket price falls to $97.44 on Friday

OPEC's reference crude oil basket price fell more to $97.44 a barrel on Friday, from $101.06 a barrel the previous day, OPEC said on Monday.

June 4, 2012 5:33
 
UAE-to-give-Yemen-136-million-aid

UAE to give Yemen $136 million aid

The United Arab Emirates will give 500 million dirhams ($136 million) in food aid to Yemen, state news agency WAM said on Sunday, as part of international efforts to head off a humanitarian disaster and stabilise the impoverished state.

June 4, 2012 10:58
 
Abu Dhabi Islamic bank at London's swanky Knightsbridge

Abu Dhabi Islamic bank opens swanky London branch

First UAE-based Islamic bank branch; Targets wealthy Gulf clients in London

May 31, 2012 11:43
 
UAE Central Bank open to some lending limit exemptions - paper

UAE Central Bank open to some lending limit exemptions

The United Arab Emirates' central bank could grant exemptions to some banks over planned lending limits to sovereign and state-linked entities, pushing compliance beyond the September 30 deadline, its chairman told a local newspaper on Wednesday.

May 31, 2012 11:38
 
Asia Naphtha-ADNOC

Asia Naphtha-ADNOC keeps high offers on lower supply

Abu Dhabi National Oil Co (ADNOC) is determined to sell its term naphtha at record high premiums due to lower supplies even though demand for the products is weak, traders said on Wednesday.

May 30, 2012 1:33
 
France-UAE-talks-over-Rafale

France-UAE talks over Rafale stalled -report

Negotiations between France and the United Arab Emirates over the potential sale of 60 Rafale warplanes to the Gulf nation have "stalled", La Tribune newspaper reported on Tuesday.

May 30, 2012 12:46
 
Emirates-Airline-undecided-on-550-million

Emirates Airline undecided on $550 million June bond

Emirates, the fast expanding Gulf airline, may seek to refinance a $550 million Islamic bond maturing in June but has not ruled out repayment in cash, a senior executive said on Tuesday.

May 29, 2012 6:03
 
Dubai-economy-GDP-rises

Dubai economy grows by 3.4 percent in 2011

Dubai saw its gross domestic product rise to 306.2 billion dirhams ($83.4 billion) last year from 296.1 billion in 2010.

May 29, 2012 12:38
 
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