Dubai needs creativity to repay debt Deccan Herald Rania Oteify, Dubai, Dec 26, Reuters : | Dubai must raise funds to feed its mushrooming debt but the Gulf emirate dreads imposing taxes to avoid breaking a business model that helped turn it from a lazy fishing town to a regional trade and tourism hub. | Selling some prized assets appears to be an e...
Corporate News Arab News | PANASONIC | The latest technology has been launched in the Middle East with a range of Panasonic's award winning quick steam dry irons capable of 360 degree of easy movement, reducing ironing time by 25 percent when compared to corded irons. These new Made in Japan irons have a unique elliptical-s...
Dubai takes new steps to clamp down on corruption The Guardian DUBAI, Dec 29 (Reuters) - Dubai's ruler announced a new law to combat corruption, with the power to impose prison terms of up to 20 years on offenders as the emirate tightens financial rules in the wake of a debt crisis. The law "comes in line with D...
Abu Dhabi signs billion-dollar gas deal with Hyundai Deccan Herald Abu Dhabi, Dec 29 (IANS) | Abu Dhabi Gas Liquefaction Company (ADGAS) and South Korea's Hyundai Heavy Industries Company (HHI) have signed a pact worth $1 billion to develop a gas field in the United Arab Emirates (UAE), WAM news agency reported. | F...
Abu Dhabi signs billion-dollar gas deal with Hyundai Samachaar Abu Dhabi:Abu Dhabi Gas Liquefaction Company (ADGAS) and South Korea's Hyundai Heavy Industries Company (HHI) have signed a pact worth $1 billion to develop a gas field in the United Arab Emirates (UAE), WAM news agency reported. | Fahim Kazim, ADGAS...
Abu Dhabi seals gas deal with Hyundai Business Report | Submit your comment | Abu Dhabi - The Abu Dhabi Gas Liquefaction Company (ADGAS) on Monday signed a $1-billion gas development deal with South Korea's Hyundai Heavy Industries Company. | The two companies agreed to a 49-month project to deve...
Abu Dhabi in for EDF asset The Independent | The auction for EDF Energy's electrical distribution business is expected to heat up after news emerged that Abu Dhabi, which has run the slide rule over the asset in the past, has held talks over a potential £5bn joint bid. | The Abu Dhabi Investm...
South Korea to Build Reactors in Middle East The New York Times | PARIS - The United Arab Emirates said Sunday that it had chosen a South Korean-led consortium for a $20 billion contract to create the first nuclear power reactors in the Middle East. | The Korean consortium beat out a General Electric-Hitachi team...
Creative Commons / Imre Solt
Dubai needs creativity to pay debt without taxes The Guardian By Rania Oteify DUBAI, Dec 22 (Reuters) - Dubai must raise funds to feed its mushrooming debt but the Gulf emirate dreads imposing taxes to avoid breaking a business model that hel...
Dubai exchange buys rival amid lingering debt fears The Times | Dubai Financial Market announced this morning that it will buy the city's rival exchange operator Nasdaq Dubai in a $121 million (£75.2 million) deal. | The offer has been approv...
Support for Dubai to be 'Studied' Properly: Mansouri Khaleej Times ABU DHABI - The UAE Minister of Economy Sultan bin Saeed Al Mansouri said that further federal support for Dubai should be 'studied' in a proper manner. | 'Each issue has to be stu...
S.Korea Wins $40 Billion UAE Nuclear Deal ABC News By Amena Bakr and Cho Mee-young | December 27, 2009 | ABU DHABI/SEOUL (Reuters) - A South Korean consortium won a $40 billion deal to build and operate four nuclear reactors for the United Arab Emirates, beating U.S. and French rivals to one of the M...
UAE nuclear development The Guardian Dec 27 (Reuters) - The United Arab Emirates has kicked off a civilian nuclear power programme with the award to a South Korean consortium of a $40 billion contract to build and jointly operate for 60 years a fleet of nuclear reactors. Here is a timel...
S.Korea wins $40 bln UAE nuclear deal The Guardian * Korean consortium to build four nuclear reactors in UAE * Build to cost $20 bln, operation to generate $20 bln * First nuclear plants in Gulf Arab region * Trumps U.S., French rivals By Amena Bakr and Cho Mee-young ABU DHABI/SEOUL, Dec 27 (Reuters)...
Export credit agencies give Etihad highest rating The Australian | ETIHAD executives believe a recent decision by export credit agencies in the US and Europe to award it the highest rating is further proof the Abu Dhabi-based airline is on a sound commercial footing and will help it counter accusations from other carriers about government support. | The ratings from export credit agencies in Germany, France, Bri...
