Stocks and Finance

Dubai

Dubai 5/17/2012

10:40 : Jailed US businessman on hunger strike in Dubai - DUBAI, United Arab Emirates (AP) -- An American businessman jailed for more than four years in Dubai under suspicion of corruption has started a hunger strike to push for a trial and seek greater U.S. ...
Source : usnews-com

Dubai 5/10/2012

03:17 : Emirates airline profits hit by higher fuel bill - DUBAI, United Arab Emirates (AP) -- Emirates Group, the parent company of the Middle East's biggest airline, said Thursday its annual profit tumbled 61 percent as soaring fuel costs ate into increased sales....
Source : usnews-com

Dubai 5/8/2012

15:45 : CME CEO: Commitment From CME To Draw Business To Dubai Merc - Trading on a small Dubai futures market backed by CME Group Inc. (CME) could pick up more steam after the Chicago-based exchange operator boosted its stake in the platform earlier this year, according to CME's new chief executive.
Source : foxbusiness-com

Dubai 5/7/2012

07:48 : Political pressures afflicts the euro - I’m in Dubai today presenting at a client seminar so am a little late on my blog post today. There is definitely lots going on however and all the talk is about politics. The mood is decidedly downbeat following the elections in France ...
Source : fxstreet-com
06:19 : Qatar Telecom's Tunisian unit gets phone licenses - DUBAI, United Arab Emirates (AP) -- Qatar's largest telecommunications provider said Monday its Tunisiana subsidiary has won licenses to operate fixed-line and 3G mobile services in Tunisia, boosting ...
Source : usnews-com

Dubai 5/3/2012

15:49 : Crazy Juke-R Race Car Destroys Dubai Supercars in 'Desert Nemesis' Video ... - The wicked little Juke-R â?? the unholy offspring of a Nissan Juke mated to GT-R engine â?? can tear up the track at speeds up to 160 mph and recently starred in its own noir themed movie â??Desert Nemesisâ? as it faced off under the able hand of driver ...
Source : ibtimes-com

Dubai 5/2/2012

06:38 : IMF still waiting on Egyptian economic plan - DUBAI, United Arab Emirates (AP) -- A senior International Monetary Fund official said Wednesday the fund remains willing to consider a much-needed $3.2 billion aid package for Egypt but is waiting for ...
Source : usnews-com

Dubai 5/1/2012

08:03 : Dubai sukuk to fund airport expansion: Sheikh Ahmed - Dubai will employ $1.25 billion raised through an Islamic bond last week to fund the expansion of its airport and sees no risk to repaying creditors at its flagship conglomerate Dubai World on time, a top Dubai official ...
Source : ibtimes-com
06:34 : Etihad Airways takes stake in Aer Lingus - DUBAI, United Arab Emirates (AP) -- Fast-growing Etihad Airways has taken a nearly 3 percent stake of Aer Lingus as part of a strategy to build closer bonds with the Irish carrier, the Abu Dhabi-based airline said ...
Source : usnews-com

Dubai 4/30/2012

04:32 : Egypt predicts tourist return after 2011 drop - DUBAI, United Arab Emirates (AP) -- Egypt's tourism minister says he expects visitor numbers to bounce back to pre-uprising levels this year after travelers stayed away amid Arab Spring unrest....
Source : usnews-com

Dubai 4/29/2012

05:20 : Exclusive: AAOIFI in wide review of Islamic finance standards - DUBAI (Reuters) - Islamic finance may face its biggest shake-up in years as a top standard-setting body seeks to reform the way the industry does business, including the role of highly paid scholars in enforcing religious principles.
Source : reuters-com

Dubai 4/27/2012

17:21 : 24/7 Wall St. Closing Bell (PM, SNDK, BIDU, AMZN, ALU, ELY, CLWR, DECK, ... - Resort operator Kerzner International transferred its massive Atlantis resort in the Bahamas to its creditors and sold its half interest in the Atlantis in Dubai to partner Istithmar World.
Source : 247wallst-com
16:44 : Creditors Take Control of Atlantis Resort in Bahamas - Resort operator Kerzner International transferred its massive Atlantis resort in the Bahamas to its creditors and sold its half interest in the Atlantis in Dubai to partner Istithmar World.
Source : wsj-com

Dubai 4/25/2012

18:04 : Intergraph(R) CAU Express March Events in Johannesburg, South Africa; ... - HOUSTON, TX--(Marketwire - Apr 25, 2012) - Intergraph CADWorx & Analysis University (CAU) Express one-day plant-focused learning experiences on March 22, 2012 in Johannesburg, South Africa; March 26, 2012 in Dubai, UAE and March 28 and 30, ...
Source : marketwire-com

Dubai 4/23/2012

04:44 : India, Pakistan try trade route to improve ties - ATTARI, India (AP) -- In a cavernous warehouse in north India, workers grade and blend mounds of tea for shipping to Dubai, Europe, Singapore - just about anywhere around the globe, except for the country ...
Source : usnews-com

Dubai 4/18/2012

07:29 : HSBC to merge Oman business with local lender OIB - DUBAI, United Arab Emirates (AP) -- HSBC Holdings PLC said Wednesday it will combine its Omani division with local lender Oman International Bank in a deal that will give it control of just ...
Source : usnews-com
07:14 : Betting on Vegas Comeback - MGM Resorts and Dubai World made an ill-fated bet on the Las Vegas real-estate and gambling market, launching an $8.5 billion casino resort called City Center soon before the market turned. Now, they are betting that the condo market is approaching ...
Source : wsj-com

Dubai 4/16/2012

11:46 : Qatar fund snaps up hotels on Italy's Sardinia - DUBAI, United Arab Emirates (AP) -- Qatar signed a deal Monday to buy the operator of four luxury resorts and other properties on the island of Sardinia as the wealthy Gulf emirate looks to bolster ties ...
Source : usnews-com

Dubai 4/12/2012

11:49 : Dubai Group restarts $10 billion debt talks - sources - Dubai Group, part of the investment vehicle headed by Dubai's ruler, has proposed a new solution to its $10 billion debt problem, sources said, reviving talks that stalled more than two months ago.
Source : ibtimes-com

Dubai 4/11/2012

00:47 : Northumberland Secures $3 Million Dollar International Financing Commitment - LAS VEGAS, NV--(Marketwire - Apr 11, 2012) - Northumberland Resources, Inc. (OTCBB: NHUR), is pleased to announce it has received the first tranche of $500,000 of a $3,000,000 financing commitment from an International Institutional Investor based in ...
Source : marketwire-com

Dubai 4/9/2012

14:21 : Tumi Sets IPO Terms, Another Luxury Goods Coming Public - UAE Abu Dhabi developers start merger negotiations DUBAI | Aldar Properties, the struggling Abu Dhabi real estate developer, said Sunday it is launching talks with its smaller rival, Sorouh Real Estate, about a possible merger. It would be ...
Source : 247wallst-com
10:32 : US Navy deploys 2nd aircraft carrier to Gulf - (04-09) 07:51 PDT DUBAI, United Arab Emirates (AP) -- The U.S. Navy said Monday it has deployed a second aircraft carrier to the Persian Gulf region amid rising tensions with Iran over its disputed nuclear ...
Source : sfgate-com
01:59 : Qatar builds $2.65-billion Xstrata stake ahead of Glencore deal - DUBAI (Reuters) - Qatar's sovereign wealth fund has built a 5-percent stake in Xstrata ahead of the mining giant's planned $41 billion takeover by commodities trader Glencore .
Source : reuters-com

Dubai 4/8/2012

05:21 : Deutsche says Azzam steps down as MENA chairman - DUBAI (Reuters) - Deutsche Bank said on Sunday that its Middle East, North Africa (MENA) Chairman Henry Azzam, a veteran in the region, has stepped down from his position at the German lender.
Source : reuters-com
03:25 : Abu Dhabi sells small Tesla Motors stake - DUBAI, April 8 - Abu Dhabi National Energy Co (TAQA) sold its 7-percent stake in electric carmarker Tesla Motors Inc on the stock market, booking a profit of $113 million, the state-owned energy...
Source : reuters-com

Dubai 4/5/2012

05:58 : Dubai agrees $2.5 billion debt deal for private equity arm - DUBAI, April 5 - Dubai Holding , the investment conglomerate owned by the emirate's ruler, said on Thursday its private equity arm has reached an agreement with creditors to restructure $2.5 billion...
Source : reuters-com

Dubai 4/4/2012

05:03 : All but one creditor join $2.2 billion Drydocks debt plan - DUBAI (Reuters) - Dubai World's shipbuilding unit has gotten 98 percent of creditors signed up to its $2.2 billion restructuring plan with all but one agreeing to the terms, its chairman said.
Source : reuters-com
04:32 : All but one creditor join $2.2 bn Drydocks debt plan - Dubai World's shipbuilding unit has gotten 98 percent of creditors signed up to its $2.2 billion restructuring plan with all but one agreeing to the terms, its chairman said.

Dubai 3/31/2012

02:32 : Dubai's Drydocks says most lenders agree on $2.2 billion debt deal - DUBAI (Reuters) - Dubai's ship building unit Drydocks World has secured the necessary level of support from its syndicated lenders to implement the restructuring of its $2.2 billion debt, the company...
Source : reuters-com

Dubai 3/29/2012

10:45 : HSBC buys key Lloyds banking units in UAE - DUBAI (Reuters) - HSBC , Europe's largest bank, is buying the onshore retail, corporate and commercial banking business of Lloyds Banking Group in the United Arab Emirates, to strengthen ...
Source : reuters-com
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