Business

UAE may become 1st Gulf state to issue yuan bonds

Khaleej Times - Wed, 02/22/2012 - 11:18
DUBAI - Emirates NBD, the largest bank in the UAE by assets, is likely to be the first bank from the Gulf to issue yuan-denominated bonds amid a growing appetite among global fund managers to tap the nascent market for the so-called "dim sum" bonds.
Categories: Business

Etisalat proposes 60 fils dividend

Khaleej Times - Wed, 02/22/2012 - 11:18
ABU DHABI - The board of Emirates Telecommunication Corporation, or etisalat, has proposed final dividends at 60 fils per value for fiscal year 2011.
Categories: Business

Abraaj acquires UK's Aureos

Khaleej Times - Wed, 02/22/2012 - 11:18
DUBAI - The Middle East's largest private equity firm, Abraaj Capital, on Monday announced the acquisition of UK-based specialist fund manager Aureos Capital that will create an entity with $7.5 billion in assets.
Categories: Business

UAE to maintain stability in world oil market: Gargash

Khaleej Times - Wed, 02/22/2012 - 11:18
DOHA - The UAE is committed to maintaining stability in world oil markets, Minister of State for Foreign Affairs Dr Anwar Mohammed Gargash said on Monday, but added that this goal would only be possible through stable trade policies and partnerships and balanced demand and supply equation.
Categories: Business

Crude jumps to 9-month high

Khaleej Times - Wed, 02/22/2012 - 11:18
LONDON - Oil rose to a nine-month high in New York after Iran said it halted some crude exports and investors bet that fuel demand will increase as Europe moves closer to bailing out Greece.
Categories: Business

Bric nations still vulnerable to global shockwaves

Khaleej Times - Wed, 02/22/2012 - 11:18
LONDON - Bric countries have not become less vulnerable to global shocks despite their strong economic growth over the past four years, a survey showed on Monday.
Categories: Business

Int'l firms target Gulf food market to boost business

Khaleej Times - Wed, 02/22/2012 - 11:18
DUBAI - Gulfood 2012, the premier event for food and hospitality industry, on Monday continued to attract government officials, trade visitors and investors seeking business opportunities in the food and beverage industry.
Categories: Business

UAE becomes maker of int'l events: Lubna

Khaleej Times - Wed, 02/22/2012 - 11:18
DUBAI - The UAE has moved from the phase of event host to maker of international events and has proven its ability as an industry leader and a gateway to the growing markets in the region, Shaikha Lubna Al Qasimi, Minister of Foreign Trade, said on Monday.
Categories: Business

Emirates NBD launches first gold investment account

Khaleej Times - Wed, 02/22/2012 - 11:18
DUBAI - Emirates NBD, a leading bank in the region, announced today the launch of a new Gold Investment Account that will enable customers to buy gold in electronic form.
Categories: Business

Business matching for food, beverage sector held

Khaleej Times - Wed, 02/22/2012 - 11:18
DUBAI - In order to bring food and beverages business leaders face to face with their global counterparts, the Dubai Chamber of Commerce and Industry yesterday organised a gulfood business matching session on the sidelines of the ongoing 17th edition of the Gulfood 2012 exhibition at the Dubai International Convention and Exhibition Centre.
Categories: Business

UAE firms sign deal with Brazilian counterparts

Khaleej Times - Wed, 02/22/2012 - 11:18
DUBAI - Major companies in the UAE have signed deals with their Brazilian counterparts during the recently concluded 'Brazilian Trade Mission to Middle East 2012'.
Categories: Business

BlackBerry business services disrupted

Emirates Business - Wed, 02/22/2012 - 01:39
DU internet cable damage between UAE and Oman caused a disruption for business users, the BlackBerry Technical Support team confirmed on Tuesday evening
Categories: Business

Etisalat unveils free talktime on Wasel recharges

Emirates Business - Tue, 02/21/2012 - 21:57
Etisalat unveiled a new promotion yesterday that rewards customers with free minutes or SMS each time they recharge their Wasel account
Categories: Business

Bailout ‘won’t save Greece’

Emirates Business - Tue, 02/21/2012 - 21:55
Investors warn terms of aid may be violated as recession continues
Categories: Business

Oil prices soar as tension eases but may be shortlived

Emirates Business - Tue, 02/21/2012 - 21:55
Uncertainty over Iran and growth to affect rally
Categories: Business

China to overtake US as largest trading nation

Emirates Business - Tue, 02/21/2012 - 21:55
Shipments within Asia-Pacific and expanded ties with Latin America, Mena to spur growth
Categories: Business

Alibaba offers $2.3b buyback of e-commerce portal shares

Emirates Business - Tue, 02/21/2012 - 21:55
Move follows drop in profit of online business part-owned by Yahoo!
Categories: Business

Anti-monopoly rules to be bolstered

Emirates Business - Tue, 02/21/2012 - 21:44
Move aims to lower cost of living
Categories: Business

Gulf investors snap up office space

Emirates Business - Tue, 02/21/2012 - 21:44
Private equity firm acquires four buildings worth Dh367m in different locations
Categories: Business

Kingfisher set for more trouble as government rules out help

Emirates Business - Tue, 02/21/2012 - 21:44
Aviation authorities summon Mallya after flight cancellations rise
Categories: Business
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