Highlights
A collection of news and information related to Dubai (United Arab Emirates) published by this site and its partners.
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Carrefour sells stake in Middle East venture for $683 million
ReutersDUBAI (Reuters) - Carrefour , Europe's largest retailer, agreed to sell its remaining 25-percent stake in a Middle East joint venture to local partner Majid Al Futtaim (MAF) for 530 million euros ($682.45 million), MAF said in a statement on Wednesday....Tags: Walmart, Economy, Business and Finance, United Arab Emirates, Credit and Debt, Carrefour S.A.
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Dubai contractor Arabtec says workers end strike
ReutersDUBAI (Reuters) - Dubai contractor Arabtec said on Wednesday a four-day strike by foreign workers seeking higher pay was over and the emirate's police chief said 200 of them would be repatriated. The company, in which Abu Dhabi state-owned fund Aabar...Tags: Labor Disputes, Career and Workplace, Burj Khalifa
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MIDEAST DEBT-Africa tempts Gulf bond investors
ReutersBy Rachna Uppal and Mala Pancholia DUBAI, May 22 (Reuters) - The lure of sub-saharan Africa, with its geographic proximity and promise of higher returns, is tempting cash-rich Gulf Arab bond investors to look south, a marked departure from the relative...Tags: Kenya, Economy, Business and Finance, Loan Market, Time (magazine), Thomson Corporation
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Dubai authorities seize shipment of 259 elephant tusks
ReutersDUBAI, May 22 (Reuters) - Customs officials in United Arab Emirates have seized hundreds of elephant tusks shipped from Africa marked as furniture, the Ministry of Environment and Water said. The International Fund for Animal Welfare (IFAW) said in a...Tags: Kenya
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Exclusive: Carrefour to divest 25 pct stake in Middle East venture - sources
ReutersDUBAI (Reuters) - Carrefour , Europe's largest retailer, is in advanced talks to divest its remaining 25-percent stake in its Middle Eastern joint venture to local partner Majid Al Futtaim (MAF), two sources familiar with the matter said. Family-owned...Tags: Walmart, Carrefour S.A., Restructuring and Recapitalization, Joint Ventures
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IMF says Egypt budget gap worrying, urges Yemen to finalize economic program
ReutersDUBAI (Reuters) - Egypt's worsening fiscal gap is a concern but the International Monetary Fund is still ready to continue talks on a $4.8 billion loan once Cairo completes a review of its economic program, a senior IMF official said. "We are ready to...Tags: Government Debt, Yemen, Economic Indicator, Budgets and Budgeting, Finance
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Dewa launches Dh105m substation
Khaleej TimesThe Dubai Electricity and Water Authority, or Dewa, has launched a new 132/11 kV substation with a capacity of 150 megavolt amperes in Dubai Marina, at a total cost of Dh105 million. Of the total cost, Dh100 million is set aside for the station and...Tags: United Arab Emirates
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Golf-European Tour Race to Dubai money list
ReutersMay 20 (Reuters) - Leading money winners on the 2013 European Tour Race to Dubai on Monday: 1. Graeme McDowell (Northern Ireland) 1,029,186 euros 2. Brett Rumford (Australia) 863,632 3. Sergio Garcia (Spain) 774,010 4. Richard Sterne (South Africa)...Tags: Charl Schwartzel, Travel, South Africa, Graeme McDowell, International Travel
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Dubai rallies to 4-year high
Khaleej TimesDubai's benchmark stock index rose to its highest close since October 2009, propelled by property and banking sectors to underscore the resounding resurgence in investor optimism. The DFM General Index advanced 2.5 per cent to 2,352.21 points on...Tags: Commodity Markets, United Arab Emirates, Marketing, Environmental Issues, Financing and Stock Offerings
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FACTBOX-Countdown to A350 first flight
ReutersMay 20 (Reuters) - The final countdown is under way to the maiden flight of the Airbus A350, Europe's answer to the Boeing 787 Dreamliner. Once test crews accept the first A350 from developers, these are key steps to the first flight, based on previous...Tags: Paris (France), Boeing Co., Science and Technology, Thomson Corporation
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AME Info, Abu Dhabi, United Arab Emirates, finance and economy briefs
AME InfoQATAR ELECTRICITY AND WATER RISES, LAUNCHES POWER INVESTMENT FIRM: The Doha-based Qatar Exchange 20 Index rose 0.61 percent to close at 9,064.31 points on Monday. Qatar Electricity and Water Company (QEWC) added 0.70 percent, finishing at QR144.50....Tags: NASDAQ, United Arab Emirates, Government Debt, Qatar, Economic Indicator
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AME Info, Abu Dhabi, United Arab Emirates, tourism and hospitality briefs
AME InfoKERZNER TO DEVELOP KSA'S FIRST ONE&ONLY RESORT: Saudi developer and owner of luxury hotels Al Khozama Management Co, in partnership with Saudi Oger, has signed an agreement with Kerzner International Holdings to develop and operate the first One&Only...Tags: Trips and Vacations, United Nations, United Arab Emirates, Loans, Travel
May 22, 2013
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May 22, 2013
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May 22, 2013
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May 20, 2013
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May 20, 2013
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May 20, 2013
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May 20, 2013
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May 20, 2013
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