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Gulf tinkers with energy waste, neglects basic causesFrom high-tech skyscrapers in the UAE to energy-saving lessons for Saudi school children, the Gulf is stepping up efforts to curb its rampant use - and waste - of energy. But it is still mostly failing to get to grips with the root causes of hig More… |
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IPIC to raise $2.9bn in three-tranche bondInternational Petroleum Investment Co (IPIC), an investment fund controlled by the Abu Dhabi government, is to raise the equivalent of $2.9 billion through a new three-tranche bond issue, lead arrangers said on Tuesday. The transa More… |
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Sabic Q3 net profit plunges 23pcSaudi Basic Industries Corp (Sabic), the world's biggest petrochemicals group by market value, posted a 23 per cent slump in third-quarter net profit on Wednesday, citing lower product pricing for the decline. The chemicals, m More… |
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IDB prices $800m five-year sukukSaudi Arabia-based Islamic Development Bank (IDB) priced an $800 million five-year sharia-compliant bond, or sukuk, on Tuesday, lead arrangers said, in its first public debt issuance in over a year. The size of the sukuk was increased to $ More… |
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UAE to price commodities after key meetingThe UAE will determine the prices of 1,650 basic commodities after the Consumer Protection Department (CPD) reaches an agreement with 320 outlets and cooperative societies, a report said. “This is an annual initiative as last year the depa More… |
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UAE insurers ‘enjoy high customer loyalty’Almost half (49 per cent) of the UAE’s general insurance customers prefer buying multiple products from one provider, indicating the potential for sector growth through cross selling, a report said. Service quality, product flexibility and More… |
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Dubai's $1.25bn Islamic bond to price todayDubai is planning to raise $1.25 billion from a two-tranche Islamic bond sale on Wednesday, with final price guidance for both tranches tighter than indicated initially. The price range for the five-year portion was set at between 4.90 and More… |
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Kraft facing challenges with 'careful pricing'Despite the high increases in food prices globally, Kraft Foods is managing to face the challenge in the GCC through efficiency and careful pricing, said a senior official. "We have not seen a slowdown in the food market in any of our prod More… |
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Emirates NBD offers special pricing on loansUAE-based Emirates NBD, a leading bank in the region, has enhanced the offering on its seed capital loan initiative. UAE nationals intending to start their own enterprise can avail up to Dh2.5 million ($680,640) via the seed capital loan i More… |
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BA workshop highlights services, pricingBritish Airways (BA) recently held an interactive workshop in Cairo for top travel agents to highlight the latest news and services the airline has to offer including changes in fare structures. The workshop, held at the Fairmont Towers, w More… |
