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UAE News

UAE's Etisalat takes $827m charge against Indian ops

Thursday, 09 February 2012 at 16:09, Reuters, Dubai

Emirates Telecommunication Corp Ltd (Etisalat) wrote off the value of its Indian operations on Thursday, booking an $827 million impairment charge, after India ordered 122 telecoms licences to be canc

Ipic looks to refinance $850m loan: bankers

Thursday, 09 February 2012 at 15:28, Reuters, London

Abu Dhabi's International Petroleum Investment Co (Ipic) has approached banks to refinance its $850 million syndicated loan from 2009, and the new deal is expected to establish a much-needed pricing b

Etihad Airways exceeds 2011 target, revenues up 36pct

Thursday, 09 February 2012 at 11:36, Alrroya.com, Dubai

UAE national airline Etihad Airways has reported a record result exceeding its 2011 target of breaking even, with a full year Ebit of $137 million.

Former Nakheel CEO awarded $3m by DIFC court

Thursday, 09 February 2012 at 10:34, Reuters, Dubai

Nakheel's former chief executive won a lawsuit for breach of contract against the indebted developer on Thursday and was awarded $3 million in damages by a Dubai court.

Abu Dhabi's Waha eyes doubling assets by 2017: CEO

Wednesday, 08 February 2012 at 18:48, Reuters, Abu Dhabi

Abu Dhabi's Waha Capital is considering to invest in the regional maritime and oil and gas sectors, as it aims to rely on its strong financing to double its assets over five years, its CEO said on Wed

UAE jeweller Damas hires Nomura for deal

Wednesday, 08 February 2012 at 14:18, Reuters, Dubai

UAE jeweller Damas International has appointed Japan's Nomura to advise it on a potential offer from Qatari conglomerate Mannai Corp, three sources familiar with the matter said on Wednesday.

UAE's Dolphin Energy raises $1bn from 10-year bond sale

Wednesday, 08 February 2012 at 09:54, Reuters, Dubai

Abu Dhabi's Dolphin Energy, majority-owned by state fund Mubadala, raised $1 billion from a 10-year bond sale on Tuesday, mainly to meet its refinancing needs.

UAE's Adnoc raises Asia crude supply to full volumes

Wednesday, 08 February 2012 at 08:40, Reuters, Tokyo

Abu Dhabi National Oil Co (Adnoc), the main exporter for Opec member the United Arab Emirates, will supply full contractual crude oil volumes to Asia in March for the first time since May 2011, indust

Fitch assigns Dolphin Energy's bonds 'A+(exp)' rating

Wednesday, 08 February 2012 at 08:23, Reuters

Fitch Ratings has assigned Dolphin Energy Limited's (DEL) proposed new senior secured bonds of up to $1,804 million 'A+(exp)' expected ratings. The outlook is Stable.

Etihad, Air Berlin to offer 42 combined weekly flights

Tuesday, 07 February 2012 at 17:04, Alrroya.com, Dubai

Abu Dhabi carrier Etihad Airways and Air Berlin have announced a significant increase in services between Abu Dhabi and both Germany and Thailand.


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