United Arab Emirates

United Arab Emirates News

  • Billionaire Ofer to Dodge ‘Villains’ Tag With Potash Sale

    Updated 1 hour, 7 minutes ago

    Israel Corp., the Tel Aviv-based holding company controlled by billionaire Idan Ofer, may reap 15-times its investment in Israel Chemicals Ltd. if a $13.5 billion takeover bid by Potash Corp. of Saskatchewan Inc., the world’s largest fertilizer maker, is approved by Israeli regulators.

  • Ex-Axius CEO Kaufman Asks Judge to Throw Out Stock Case

    Axius Inc.’s former chief executive officer Roland Kaufman accused the U.S. government of violating Swiss and United Arab Emirates laws by recording phone calls as part of stock-manipulation probe.

  • Abu Dhabi Approves Bureau to Help Develop Strategic Industries

    Abu Dhabi, capital of the United Arab Emirates and the holder of most of the country’s oil, approved plans to set up an office to oversee and develop industrial projects, an official said.

  • The Bright, Shiny Tinderboxes of the Persian Gulf

    Touring the luxurious campus of the American University of Sharjah last week, I was yet again struck by what money, especially petrodollars, can buy. Sharjah is an emirate of the United Arab Emirates, located adjacent to Abu Dhabi. Designed by the ruler of Sharjah, Sultan Bin Mohammad Al Qassimi, one of the more enlightened of the region’s many autocrats, the university’s grand buildings self-consciously invoke the glory days of Islamic architecture.

  • Emaar Third-Quarter Apartment Sales Climb; Villas, Land Decline

    Emaar Properties PJSC, the developer of the world’s tallest tower in Dubai, said quarterly revenue from apartment sales more than doubled from a year earlier. Sale of villas, commercial units and land dropped.

  • Abu Dhabi Fights Fat With Cash in Bid to Curb Diabetes

    Abu Dhabi is putting its money where its fat is.

  • Baghdad Broker Dodges Bombs to Rack Up Stock Trades

    It was exceptionally cold in Sulaymaniyah, a city in northern Iraq’s Kurdish region, on the morning of Dec. 22. Shwan Taha was sitting in the airport lounge with a bag of gifts, waiting to get back to his wife and children at home in Istanbul.

  • U.A.E. Bank Margins Reduced as Lending Slows: Arab Credit

    United Arab Emirates’ banks, struggling with bad loans after Dubai teetered on the brink of default in 2009, are seeing profit margins shrink as lending slows and falling interest rates curb gains on investments.

  • Oman Surprises as Woman Arrives to Helm New Theater

    A flurry went around the art world when conservative Oman named a woman as the chief executive of the Persian Gulf’s only opera house in Muscat.

  • Taqa Swings to Third-Quarter Loss on Production Costs

    Abu Dhabi National Energy Co., the government-run utility known as Taqa, swung to a loss in the third quarter as higher operating expenses and one-time costs offset gains in revenue.

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