NEWS

Abu Dhabi launches plan to boost hotel occupancy rate

Friday, March 12, 2010 | NEWS

The Abu Dhabi Tourism Authority (ADTA) has launched a plan to boost hotel occupancy rate in the emirate by 10 percent in 2010, WAM news agency reported. (read on…) Related items Mexican Tycoon Tops Forbes List Tight Lending Delaying Economic Rebound Dubai World Closer To Deal Deadline Looms For Adia's $7.5b Deal With Citi Etihad, Airbus Negotiating A380 Delivery Date
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Mexican Tycoon Tops Forbes List

Friday, March 12, 2010 | NEWS

Dubai: Mexican telecom tycoon Carlos Slim has been named as the world's richest person, knocking Microsoft founder Bill Gates into second spot. Forbes magazine estimates Slim's net worth at $53.5 bil… (read on…) Related items UAE’s Etisalat Eyeing Entry Into 6 New Markets: Chairman (Zawya) Nigeria Says Group Including China Unicom Preferred Nitel Bidder (Bloomberg) 3G subscriptions to...
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Tight Lending Delaying Economic Rebound

Friday, March 12, 2010 | NEWS

Dubai: Tighter lending by Gulf banks is delaying an econ-omic rebound in the region and hurting the non-oil sector, an official at the International Monetary Fund (IMF) said yesterday. "There's … (read on…) Related items Opec Likely To Face Iraq Test Sooner Than Expected (AFX UK Focus) 2010-03-04 05:53 UPDATE 1-UAE deflation eases to 0.3 pct y/y...
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Dubai World Closer To Deal

Friday, March 12, 2010 | NEWS

Uncertainty over the outcome of talks between creditors and Dubai World regarding $22 billion of debt – equal to almost half the UAE's estimated oil revenue last year – has weighed on the emirate sinc… (read on…) Related items (AFX UK Focus) 2010-03-04 05:53 UPDATE 1-UAE deflation eases to 0.3 pct y/y in Jan (Interactive Investor) (AFX UK...
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Deadline Looms For Adia's $7.5b Deal With Citi

Friday, March 12, 2010 | NEWS

Dubai: The deadline is looming next week for Abu Dhabi Investment Authority, the Middle East's largest sovereign wealth fund, to begin converting $7.5 billion (Dh27.5 billion) of bonds in Citigroup In… (read on…) Related items (AFX UK Focus) 2010-03-11 05:05 Dubai World to make first concrete proposals – paper (Interactive Investor) Insure Direct boosts capital operations (Zawya) 75,000 Iraqis...
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Etihad, Airbus Negotiating A380 Delivery Date

Friday, March 12, 2010 | NEWS

Duba: Etihad Airways, the state carrier of Abu Dhabi, is in talks about delaying receipt of Airbus A380 superjumbos while bringing other deliveries forward as it seeks to post a profit by the end of n… (read on…) Related items Etihad Talking To Airbus About A380 Delay Etihad Airways launches new destination management company – Hala Abu Dhabi...
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Concerns Voiced Over Indian Media

Friday, March 12, 2010 | NEWS

From left: Moderator Jonah Bloom, CEO and Editor in Chief Breaking Media, Samir Arora, Chairman and CEO, Glam Media, James Hogan, CEO, Etihad Airways, Alan Horn, President and COO, Warner Bros and Ma… (read on…) Related items Etihad, Airbus Negotiating A380 Delivery Date Etihad Talking To Airbus About A380 Delay Wisekey Enters Into The Digital Media Market Mexican Tycoon...
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Mubadala Will Acquire 9% Equity Stake In Raine

Friday, March 12, 2010 | NEWS

Dubai: Mubadala Development Company yesterday said it has agreed to acquire a 9 per cent equity stake in The Raine Group LLC. Mubadala and Raine will seek to capitalise on emerging investment opportu… (read on…) Related items UAE’s Leading Family Owned Grooming Enterprise Plans Expansion Activities In The Region (Zawya) Serco soars after healthy order book news,...
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Opec Likely To Face Iraq Test Sooner Than Expected

Friday, March 12, 2010 | NEWS

Dubai/London: The storm brewing on the Organisation of Petroleum Exporting Countries' (Opec) horizon over future Iraqi oil output could engulf the producer group sooner than it would like. "Ther… (read on…) Related items Tight Lending Delaying Economic Rebound (AFX UK Focus) 2010-03-04 05:53 UPDATE 1-UAE deflation eases to 0.3 pct y/y in Jan (Interactive Investor) (AFX UK Focus)...
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Mohammad Visit Boosts Cooperation With India

Friday, March 12, 2010 | NEWS

New Delhi: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, yesterday resturned to Dubai after a short visit to India. Shaikh Moham… (read on…) Related items Abu Dhabi launches plan to boost hotel occupancy rate Mexican Tycoon Tops Forbes List Tight Lending Delaying Economic Rebound Dubai World Closer...
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Dubai World’s Progress Spurs Investors

Thursday, March 11, 2010 | NEWS

Last Updated: March 11. 2010 10:40PM UAE / March 11. 2010 6:40PM GMT Expectations that Dubai World is closing in on a proposal to resolve its debts is already providing impetus to financial markets, w… (read on…) Related items Abu Dhabi launches plan to boost hotel occupancy rate Mexican Tycoon Tops Forbes List Tight Lending Delaying Economic Rebound Dubai World...
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