Business | General
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Wednesday May 23
Goldman Sachs to advise on merger
Goldman Sachs and three other investment banks have been named as advisers on the potential merger between Abu Dhabi-based developers Sorouh Real Estate and Aldar Properties
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Wednesday May 23
Focus on corporate social responsibility
Meeting highlights integration, sustainability
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Tuesday May 22
CBI reports Dh66m net, up 108%
Commercial Bank International (CBI) reported a net profit of Dh66.1 million, up 108 per cent, for the three month period ended March 31
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Tuesday May 22
DIFC Investments close to securing $1b loan to repay bond due in June
Asset sales expected to help meet another $147.4m in liabilities
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Tuesday May 22
Limitless restructures $1.2b loan
Five-year term extension for debt initially due to mature in 2010
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Tuesday May 22
Campbell's quarterly sales lukewarm
Firm fails to strike the right marketing recipe amid growing competition and evolving tastes
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Tuesday May 22
Dubai Duty Free raises loan to $1.5b
Decision to increase value is driven by high interest from lenders
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Tuesday May 22
Residential Dubai tower is world's tallest
Dubai, which already claims the world's tallest building, has set a new record with Princess Tower, which the Guinness World Records website said yesterday was the world's tallest residential building
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Tuesday May 22
Women’s jokes fall flat in the boardroom
Attempts at humour can be seen as contrived, defensive or just mean, research suggests
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Tuesday May 22
Kuwait firm wins relief in NBQ stake bid
Kuwait's Global Investment House said it has won a long-running legal battle over an aborted attempt to buy a stake in National Bank of Umm Al Quwain
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Monday May 21
Amazon tax rebate sparks anger
Online retailer will get bonanza in exchange for building warehouses
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Monday May 21
Investment Corp sees no need for bond issue
Dubai Support Fund doesn't need support
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Sunday May 20
Dewey to consider bankruptcy
Firm moves away from earlier attempts at out-of-court liquidation as partners quit
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Saturday May 19
Private firms conquer new frontiers in space travel
Nasa outsources craft development and missions to start-ups
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Friday May 18
UAE launches Middle East forum for small firms
The initiative is designed to create jobs and investment channels for young entrepreneurs in the region
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Friday May 18
Dabur International's annual revenue jumps 88% to Dh1.05b
Company's overall performance in Mena region has been strong
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Friday May 18
Obese Americans could cost $550b a year
If trend continues, 42% of US population could be obese by 2030
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Thursday May 17
Dubai seeks $10 pricing for carbon credits
Long-term projections ‘foresee doubling of rate'
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Thursday May 17
Obama assets at $2.6m-$8.3m
Republican rival Romney worth up to $250m
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Wednesday May 16
Dana Gas reports strong profit growth
Dana Gas reported a 125 per cent jump in its first quarter net profits to Dh206 million for the first quarter of 2012
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Tuesday May 15
DSS 2011 brings Dh8.8 billion to Dubai’s economy
Dubai Events and Promotions Establishment (DEPE) said, more than four million visitors visited Dubai’s summer attractions last year that boosted Dubai’s economy by 8.8 billion
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Tuesday May 15
NMC reports 18.4 per cent increase in four-month revenue
NMC Health reported an 18.4% jump in revenue to $166.4m during the first four months of this year
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Tuesday May 15
Restructuring and Bankruptcy Law expected to be ready this year
Legislation will overhaul dealings with businesses, individuals with debt
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Tuesday May 15
Italy to broaden UAE investment avenues
Business Council in Abu Dhabi and Italian Embassy will help support setting up of industrial joint ventures
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Saturday May 12
Rothschild to trim Gulf presence
Firm reaffirms it is fully committed to region
Business Editor's choice
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China breaks West's solar monopoly
Some countries in the world, especially Germany and the United States, have made considerable efforts to invest in developing solar energy cells
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Burberry store spree will cut profit
Trenchcoat maker forges ahead with investment strategy targeting emerging markets
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Laws needed to spur region bond markets
UAE Central Bank calls for creation of a centralised Sharia board to facilitate the sale of sukuk
