Latest news from the past 48 hours
Up to the minute business news and analysis from the Middle East and North Africa
CADJPY Looks For Another Wave in Its Trend Channel- Al Bawaba2 hours 38 mins ago · Risk appetite has had a choppy run this past week; but the ebb and flows have not been as straightforward as one would suspect. This morning, risk appetite was on the rise across the spectrum; yet the Japanese yen was extending its aggressive rally won through the previous session. There are few » more AUDNZD a Risky Range With an Acceptable Profile- Al Bawaba3 hours 0 min ago · Risk appetite has seen a dramatic rebound over the past 24 hours, which in turn pulled AUDNZD below a loose rising trendline. The correlation between sentiment and this pair however is relatively modest. It took an extreme shift in this prominent driver to generate the 140-point range day. At the » more Whale shark 'Sammy' swims to freedom- Maktoob Business0 min ago DUBAI - 'Sammy' the whale shark, held in captivity at the Atlantis hotel on Dubai's Palm Island, has been released after 18 months of being used as a tourist attraction. Hotel Atlantis, The Palm, said on Thursday it had "returned a female whale shark to the waters of the Arabian Gulf from where she » more McLaren eyes Mideast launch of new supercar in 2011- Arabian Business0 min ago The Gulf will account for between ten and twenty percent of sales of the newly unveiled MP4-12C supercar, McLaren Automotive Managing Director Anthony Sherrif said on Thursday as the car was unveiled to the media. Speaking at the company’s ultra-modern headquarters in the English countyside, » more Dubai World Limitless makes payment on $1.2bn loan - banker- Arabian Business0 min ago zoom BIG DEAL: The Islamic loan to Limitless World is due next month.(Getty Images) Bankers said that Dubai World’s property unit Limitless on Thursday paid creditors interest for a $1.2bn loan due at the end of this month, according to a Zawya Dow Jones. The newswire reported on Thursday that a » more Abu Dhabi's NBAD sells $750 mln bond- Maktoob Business0 min ago DUBAI - National Bank of Abu Dhabi sold a five-year benchmark bond worth $750 million on Thursday, the first debt issue from the United Arab Emirates since Dubai's debt crisis erupted in November. The new bond by NBAD, the largest lender in the Gulf oil producer by market capitalisation, was priced » more Three jailed over Auschwitz sign theft- Maktoob Business0 min ago WARSAW - A Polish court Thursday sentenced three men to up to two-and-a-half years in prison for stealing the infamous "Arbeit Macht Frei" sign from the Auschwitz death camp, Poland's PAP news agency reported. Officials at the Krakow court which heard the case declined immediately to confirm the » more Etisalat applies to bid for India 3G spectrum- Arabian Business0 min ago Emirates Telecommunications (Etisalat) has applied to bid for 3G radio spectrum in India, an official at the Abu Dhabi-based company said on Thursday, confirming a Reuters report. Earlier a source had told Reuters the company submitted its application on Thursday to participate in the auction that » more Banyan sees no Gulf impact of Bahrain row- Maktoob Business2 mins ago DUBAI - Top luxury hotel and spa operator Banyan Tree does not see any impact on its ongoing Middle East projects from a bitter row with the owner of Bahrain's Al Areen resort over $1.12 million in management fee. "Our plans to open in other parts of the Middle East continue to be on track," Ariel » more Death Knell for polar bears as CITES votes against conservation- bi-me2 mins ago The final vote was 48 votes in favour of the uplisting, 62 against and 11 Parties abstained. » more Peace deal will Darfur rebels signed in Doha- Maktoob Business9 mins ago DOHA - Sudan's government and a Darfur rebel group, the Liberation and Justice Movement, signed a framework peace deal on Thursday, as talks with the larger Justice and Equality Movement appeared to falter. The agreement for a ceasefire and talks was signed in Doha by Ghazi Salahuddin, an adviser » more Limitless makes payment of $1.2 bln loan- Maktoob Business17 mins ago DUBAI - Limitless, a property development unit of Dubai World, on Thursday paid creditors interest for a $1.2 billion loan due at the end of this month, bankers said. "The interest has been paid off but the company has not said whether it will pay off the entire loan later" this month, said a » more |
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