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NBAD prices $750m, 5-year bond |
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 National Bank of Abu Dhabi (NBAD), the largest lender in the UAE by market value, priced its $750 million, five-year benchmark bond at 178 basis points (bps) over mid swaps, two banking sources told Reuters on Thursday.
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Alshaya invests $40m in Dubai’s newest mall |
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 M H Alshaya, a leading retailer in the Middle East, has invested Dh147 million ($40 million) across people, property, infrastructure and marketing in the newly opened Mirdif City Centre to support its portfolio of 29 brands.
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GCC market 'to play key role in global economy' |
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 The trillion-dollar GCC market will be a springboard to help the countries of the region develop as major players in the global economy, Economic Development Board (EDB) chief executive Shaikh Mohammed bin Essa Al Khalifa has said.
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Dubai art patrons honoured |
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 The inaugural Sheikh Mohammed Bin Rashid Al Maktoum Patrons of the Arts Awards were presented today (March 18) to individuals and organisations who supported the development of Dubai’s art scene over the last three years.
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Qatar Traffic, IBQ launch road safety drive |
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 Qatar Traffic and Patrols and the International Bank of Qatar (IBQ) have launched the second phase of the Schools without Accidents campaign with a series of new Traffic Week activities aimed at promoting road safety awareness.
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Suez Canal revenue falls 16.7pc |
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 Revenue from Egypt's Suez Canal declined 16.7 percent to $2.262 billion in the period from July to December 2009, the central bank said on its website on Thursday.
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Dubai culinary event hosts Caprice restaurant |
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 A popular culinary event, which hosts 20 of Dubai’s top restaurants, including some of the newest to open in the city, is featuring Rivington Grill, the first restaurant of UK-based Caprice Holdings to open in Dubai.
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Abu Dhabi forum to bolster SMEs |
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 UAE’s burgeoning small and medium enterprises could get a boost at an upcoming event in Abu Dhabi that will provide a platform to help develop young entrepreneurs as well as drive innovation in new and established businesses.
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Egypt's top listed builder and fertiliser-maker Orascom Construction Industries (OCI) on Thursday said fourth quarter net profit jumped 42 percent on a year ago to $105.8 million.
The Arab Ministerial Council of Tourism had declared Alexandria as the Capital of Arab Tourism for the year 2010, in a competition, in which twelve other Arab cities had taken part.
Russia will start up the nuclear reactor it is building at Iran's Bushehr atomic power plant in mid-2010, Russian Prime Minister Vladimir Putin said on Thursday.
Qurain Petrochemical Industries Company (QPIC) has reported a net profit of KD7.09 million ($24.8 million), or 6.47 fils per share, for the year ended December 31, 2009.
Roche Holding's experimental drugs to treat melanoma and raise 'good' HDL cholesterol could transform treatment of cancer and heart disease, its chief executive said.
Dallas-based Wilson Associates, one of the world's leading hospitality interior design firms, has been chosen to design 19 hotels coming up simultaneously in Makkah.
Emirates Telecommunications (Etisalat) has applied to bid for 3G radio spectrum in India, an official at the Abu Dhabi-based company said on Thursday.
Jones Lang LaSalle, a property investment and advisory firm, plans to double its staff in Saudi Arabia within a year as it expands its Middle East business, an executive said.
Dubai Investments is in talks to list its private equity arm, M'Sharie, on the Dubai Financial Market or Nasdaq Dubai within a year, its chief executive said on Thursday.
Yemen plans to free Shi'ite rebel prisoners within days under a truce to end a long-running war that drew in neighbouring oil exporter Saudi Arabia last year, a government official said on Thursday.
Bahrain will start initial testing of its 1,240 megawatts Al Dur power and water plant in April, an official said in published remarks on Thursday.
Bahrain has launched a new corporate governance code which is designed to strengthen the kingdom's position as a business and financial centre.
Experts will present the latest technologies, equipment and ecological methods aimed at increasing local food production at an upcoming major agribusiness show in Dubai.
