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DUBAI - IDBI Bank, one of India’s leading banks, plans to make its Dubai office as a hub for foreign currency transactions and will raise $500 million soon under its first dollar bond programme, a senior executive of the bank said.
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DUBAI — UAE bourses on Sunday opened the week mixed in thin trade. Dubai Financial Market, which commenced the trading of NASDAQ Dubai securities through its trading platform, maintained its upward trend as Saudi earnings for second quarter boosted investor confidence in the regional stock markets.
An Abu Dhabi sovereign wealth fund that owns the bulk of the Aabar Investments is offering to buy out existing shareholders as it looks to take the company private.
ABU DHABI — General Shaikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has lauded the role being played by Etihad Airways as a key economic driver.
DUBAI – The Dubai Economic Council, or DEC, and the delegates of the Commercial Law Development Program, or CLDP, of the US Department of Commerce exchanged technical experience in commercial laws domain that cope with the best practices worldwide.
DUBAI — The Dubai Electricity and Water Authority, or Dewa, again won first place in the overall assessment of the Dubai e-Government services for the years 2008 and 2009. The results showed an increase of 88 per cent in the overall e-services evaluation results for the years 2008 and 2009 compared with 2007, a year when it also notched top honours.
SHARJAH — The Sharjah Investment and Development Authority, known as Shurooq, and the Emirates Industrial Cities, or EIC, have reviewed investment opportunities at the Emirates Industrial City project, according to a statement on Saturday.
DUBAI - The Arab leadership model, which is humane, group-driven, value-based and rests on ‘honour and shame’ as against ‘guilt and innocence,’ has the power to bring tremendous shifts in the way the world does business today, a strategic leadership expert said.
DUBAI - The UAE participated for the first time in the Central European Rotation Group (CERG) executive meeting, which took place recently in Paiana Brasov, Romania.
ABU DHABI — Etisalat’s More loyalty programme and Etihad Guest have announced a landmark partnership paving the way for Etisalat More reward programme members to convert their accumulated Etisalat More points to Etihad Guest Miles.