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Abu Dhabi International Airport receives the Best Airport in ME
(AME Info - 18/06/2013) Abu Dhabi International Airport (AUH) received last week the prestigious award of "Best Airport for the Middle East region" from the Airports Council International (ACI) in an award ceremony at Çiragan Palace in Istanbul Turkey during the council's ...
Masdar launches wind farm in Seychelles
(Trade Arabia - 18/06/2013) Masdar, Abu Dhabi’s renewable energy company, and the Abu Dhabi Fund for Development (ADFD) have launched a 6-megawatt, eight-turbine wind farm in the Republic of Seychelles which will deliver clean energy to more than 2,100 homes. The Port Victoria ...
Dubai's DEWA repaid $871 million Sukuk on 17 June
(Reuters - 18/06/2013) Dubai Electricity and Water Authority said on Tuesday it repaid a 3.2 billion dirhams ($871.2 million) Islamic bond on June 17. "The payment of the maturity proceeds along with interest was made on 17th June 2013," DEWA said in a statement to NASDAQ ...
FDI inflows to Arab countries grow 9.8 per cent to reach $47.1 billion
(CPI Financial - 18/06/2013) Despite the events of the Arab Spring, FDI inflows into Arab countries rose during 2012 by 9.8 per cent to reach $47.1 billion compared to $42.9 in 2011, according to the Arab Investment & Export Credit Guarantee Corporation (Dhaman)’s report Investment ...
Abu Dhabi's TDIC sells Saadiyat flats to Mubadala venture
(The National - 18/06/2013) The Tourism Development and Investment Company (TDIC), the master developer of Saadiyat Island, has sold 285 apartments to a joint venture between the United States-based property investor Pramerica and the Abu Dhabi state investment fund Mubadala. In a ...
Qatar building 77 new hotels: QDB analysts
(The Peninsula - 18/06/2013) With more and more players entering Qatar’s hospitality sector, the industry’s present market dynamic is bound to change in a big way. The pricing will be competitive and the tariffs will be dictated by several factors including the rate of market demand ...
Saudi stocks rebound as selling eases
(Reuters - 18/06/2013) Saudi Arabia’s benchmark index recovered most of its early-week losses yesterday as investor concerns of a political conflict in Syria spreading wider to the region eased, while all other Arab markets also rose. Qatar’s index ticked up 0.06% to 9,430 ...
NCB Capital maintains positive outlook for Saudi food & agri. sector
(CPI Financial - 18/06/2013) Remains overweight on Savola and Neutral on Almarai Volatility in global food prices, reliance on imports and a lack of pricing power are key concerns, said NCB. Updating its Q1 report on the Saudi Food and Agriculture sector, NCB Capital gives the ...
Qatar sells 10% stake in Porsche Holding
(Bloomberg - 18/06/2013) The Porsche-Piech family bought Qatar Holding’s 10 per cent stake in Porsche Automobil Holding to regain full control of the investment company whose only asset is a majority stake in Volkswagen. The purchase gives the family 100 per cent of the common ...
UAE revives bourse merger plan after aluminium deal
(Reuters - 18/06/2013) The UAE has revived a proposal to merge its two main stock exchanges in a state-backed deal that could boost trade in the local market and attract more foreign investment to the Gulf state, sources familiar with the plan said. Talks on a potential merger ... |
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