Highlights
A collection of news and information related to United Arab Emirates published by this site and its partners.
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Etisalat makes top bid for Vivendi's Maroc Tel: sources
ReutersPARIS/LONDON (Reuters) - Gulf telecom operator Etisalat has offered a higher price for Vivendi's Maroc Telecom stake than rival Qatari bidder Ooredoo, according to two people familiar with the matter. Etisalat's bid needs further work, however, and has...Tags: HSBC Holdings plc, Marketing, Gaming, Entertainment, Burkina Faso
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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: Companies and Corporations, Walmart, Economy, Business and Finance, Finance, Restructuring and Recapitalization
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Etihad acquires 3 airport firms
Khaleej TimesEtihad Airways has acquired three airport services companies to accelerate and consolidate the development of in-flight catering services, ground handling and cargo operations at Abu Dhabi International Airport. The acquisition will provide...Tags: Abu Dhabi (United Arab Emirates), Restaurant and Catering Industry, Air Transportation, Transportation, Companies and Corporations
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Dubai authorities seize shipment of 259 elephant tusks
ReutersDUBAI (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 statement...Tags: Kenya, Dubai (United Arab Emirates)
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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: Stock Market, Saudi Arabia, Abu Dhabi (United Arab Emirates), Marketing, Commodity Markets
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AME Info, Abu Dhabi, United Arab Emirates, banking briefs
AME InfoNBK'S EGYPTIAN SUBSIDIARY POSTS 15.3 percent RISE IN PROFITS: National Bank of Kuwait Group (NBK) has said its Al Watany Bank of Egypt (AWB) subsidiary has posted a 15.3 percent rise in first-quarter net profits to EGP86.6m, compared with EGP75.1m a...Tags: Moody's Corporation, HSBC Holdings plc, Abu Dhabi (United Arab Emirates), Egypt, National Government
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AME Info, Abu Dhabi, United Arab Emirates, media and advertising briefs
AME InfoGOOGLE TRANSLATE PROVIDES 1BN TRANSLATIONS DAILY: Google has said its online translation service provides one billion translations a day for 200 million users, Cnet has reported. Speaking at the Google I/O show for developers, Josh Estelle, leader for...Tags: Science and Technology, Abu Dhabi (United Arab Emirates), Online Advertising, Milan (Italy), Television Networks
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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: Saudi Arabia, Bahrain, South Africa, Africa, Economic Indicator
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AME Info, Abu Dhabi, United Arab Emirates, energy, oil and gas briefs
AME InfoSEMBCORP OPENS $1BN SALALAH IWPP: Sembcorp Industries (Sembcorp) has announced the official opening of its $1bn Salalah Independent Water and Power Plant (Salalah IWPP) in Oman. The facility comprises a gas-fired power plant with a total gross capacity of...Tags: Energy Resources, Abu Dhabi (United Arab Emirates), Dow Chemical Co., Saudi Arabia, Personal Service
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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: Amusement and Theme Parks, Abu Dhabi (United Arab Emirates), Gardens and Parks, Personal Service, Theme Park Vacations
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AME Info, Abu Dhabi, United Arab Emirates, retail briefs
AME InfoTESCO'S F&F TO WORK WITH AL FUTTAIM, AL HOKAIR ON MIDEAST EXPANSION: The clothing brand sold by Britain's biggest retailer Tesco has said it would extend its existing agreement with franchise operator Al Hokair, and would also work with new partner Dubai-...Tags: Saudi Arabia, Abu Dhabi (United Arab Emirates), Egypt, Marketing, North Africa
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AME Info, Abu Dhabi, United Arab Emirates, executive motoring briefs
AME InfoNISSAN MIDEAST TO RECALL NISSAN, INFINITY VEHICLES IN UAE: The UAE economy ministry has said several 2013 models of Nissan's Pathfinder and Infinity's JX are to be recalled due to a faulty brake torque member, Emirates 24-7 has reported. The decision...Tags: Marketing, Bahrain, Computing and Information Technology Industry, Initial Public Offerings, Financial Aid
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