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Breaking News Wed, 30 Dec 2009
A man rides his motorcycle with the Sheik Zayed high way towers in the background in Dubai, United Arab Emirates, Dec. 10, 2006. Halliburton's critics have been fierce, calling the company's decision to shift its Houston headquarters to Arab boomtown of Dubai positively un-American. But analysts say the Texas oil services giant is simply going where the buyers for its oil and gas-drilling gear and services happen to be: the Middle East. Dubai is the region's financial ca
(photo: AP / Kamran Jebreili)
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...
Panasonic
(photo: WN / james)
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...
This is a photo showing some villas on a frond on the Palm Jumeirah in Dubai, United Arab Emirates as seen from the air on 1 May 2007. The complexities of the construction have been blamed, in part, for the extended delays to the completion of the project, the date of which has been pushed back multiple times and is now nearly two years late.
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 International Financial Center
GFDL / Asy arch
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...
 Emirates officials talk to each other during the official opening ceremony of Dubai International Financial Exchange in Dubai, UAE, Monday Sept. 26, 2005.This week´s opening of an international stock exchange in this booming city marks another step
AP Photo/Kamran Jebreili
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)...
Exports / Imports
 Etihad Airways - Airlines - Travel /aaeh
(photo: public domain )
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...



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