Monday 21 April 2014
 
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Utility

Tabreed approves key dividends for 2013

Abu Dhabi-based utility firm Tabreed said it has won approval from the shareholders to distribute dividends of 5 fils per share. Tabreed said the shareholders also voted to approve all resolutions tabled at the annual general asse

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Dubai inflation soars to 4-year high in Feb

Dubai's inflation in February rose to 2.6 per cent year-on-year, the highest since December 2009, said a report. The housing and utility costs, which account for almost 44 per cent of consumer expenses, jumped 4.5 per cent yea

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Firewall inventor to speak at Abu Dhabi event

One of the creators of the world’s first network firewall and the author of “Firewall and Internet Security: Repelling the Wily Hacker”, Bill Cheswick, will deliver a presentation at a cyber security conference in Abu Dhabi nex

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Firewall inventor to speak at Abu Dhabi event

One of the creators of the world’s first network firewall and the author of “Firewall and Internet Security: Repelling the Wily Hacker”, Bill Cheswick, will deliver a presentation at a cyber security conference in Abu Dhabi nex

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Dubai inflation eases to 2.2pc in Dec

Dubai inflation eased marginally to 2.2 per cent year-on-year in December from 2.3 per cent the previous month, said a report.        The housing and utility costs, which account for almost 44 per cent of consum

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Dubai inflation near 4-year high in Oct

Dubai inflation edged up in October to the highest level since 2009 as the food prices rose along with housing and utility costs compared to the same period last year, said a report.   The housing and utility costs, which acco

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Dubai inflation edges up in May

Dubai inflation edged up to one per cent year-on-year in May as the food prices rose along with housing and utility costs compared to last month, said a report. The housing and utility costs, which account for almost 44 per cent o

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$6.1bn Saudi desalination project on track

Saudi utility giant Saline Water Conversion Corporation (SWCC) said its upcoming desalination project, being built at a cost of SR23 billion ($6.1 billion) at Ras Al-Khair, was 75 per cent complete and was on tra

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Kuwait-led group offers $8.2bn for Seven Trent

A consortium led by a Kuwaiti sovereign wealth fund and two pension companies raised its proposed offer for Severn Trent to £5.3 billion ($8.2bn) yesterday, sending the British water utility's share price up by as much as nine per cent

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Sembcorp plans IPO of utility JV in Oman

Singapore's Sembcorp Industries Ltd said it is planning an initial public offering (IPO) of a joint venture company that owns and operates a $1 billion water and power project in Oman by the fourth quarter of this year. "

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