Dubai-based Dragon Oil said tightening international sanctions against Iran may make it "more difficult" for it to make payments for a rig operating in the Caspian Sea. Dragon is using the Iran-Khazar rig, owned by National Iranian Oil Co., to drill wells off Turkmenistan. (read the story…) Related items Iran-Sanctions Bid Targets Oil, Tanker...
More than two years after the Dubai debt crisis erupted, the restructuring of corporate debts remains in legal limbo as it is unclear how banks can get back their money from government-linked enterprises in the Gulf state. (read the story…) Related items Business : ADX drops to three-year low on Dana and Europe Two...
SINGAPORE: Gold trading is set to find new glitter in Singapore. (read the story…) Related items Trading of Dubai Gold Securities rises 1,280% on NASDAQ Dubai Rupee trading soars in Dubai Dubai jeweller eyes new MENA markets in 2012 Jockey Hills to end long career Business : UAE investment and trade with Pakistan stands...
The International Monetary Fund on Wednesday urged Gulf Arab states to lend further support to financial firms, shut down unworkable companies and boost transparency as they emerge from the global economic crisis. (read the story…) Related items Dubai Financial Center Courts May See More Cases After Barclays Ruling Update for Financial Year Ended December...
Under an unforgiving sun, South Asian workers stir giant pots of rice, their only food, in a barren patch of desert 80 kilometers from a gleaming Dubai skyline built over decades by migrant labor. (read the story…) Related items Dubai’s skyscrapers, stained by the blood of migrant workers | Nesrine Malik Dubai's Dragon Oil...
Burj Khalifa apartment sold for AED28.15m ranks as most expensive transaction last year (read the story…) Related items World’s Highest Restaurant Has $1.5 Billion View With Caviar: Dubai Dining Business : Land trading in Abu Dhabi tops Dh43 billions in 2011 Lights out, hopes in Dubai's Dragon Oil Says Iran Sanctions May Make Rig...
DUBAI – Leschaco, a leading German provider of logistics solutions, has announced its foray into Middle East with the opening of its Dubai office, Leschaco Freight Solutions. (read the story…) Related items Business : Investors Clinic starts first international foray in Dubai Business : Texas Roadhouse makes first international foray in Dubai Dubai's Dragon...
DUBAI – Abu Dhabi’s shares rose to the highest in almost five months after Emirates Telecommunications proposed a dividend for 2011 and on investor bets the spending plans will support real-estate companies. (read the story…) Related items Business : Business matching for food, beverage sector held Business : Int’l firms target Gulf food market...
CME Group doubled its stake in Dubai Mercantile Exchange, betting on a new crude oil futures benchmark for the Middle East and Asia. (read the story…) Related items CME to raise stake in Dubai Mercantile Exchange Dubai Mercantile Exchange Sets New Records In July Dubai Exchange Faces Steep Climb on Crude Oil Deals Dubai...
Gold imports by India will decline for the first time in three years in 2012 as rising prices deter jewelry buyers and investors, potentially allowing China to overtake the nation as the world’s largest consumer. (read the story…) Related items Gold Imports by India Seen Declining From Record on High Prices Dubai exports and...
