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Qatar National Bank says no exposure to Dubai World

Qatar National Bank is the country's largest lender by market value. (Getty Images)Qatar National Bank, the country's largest lender by market value ...

Kuwait sells Citi stake makes $1.1 billion profit

 Kuwait's sovereign wealth fund said on Sunday it had sold its stake in Citigroup Inc for a profit of $1.1 billion, becoming the latest Gulf investor ...

Algeria, Egypt to form Selena energy joint venture

Algeria's state-owned energy firm Sonatrach is setting up an oil and gas joint venture with two Egyptian national companies, its chief executive officer ...

Pollution costs Lebanon $500 million a year

Pollution and climate change cost Lebanon more than half a billion dollars a year, the environment minister said on Friday ahead of the UN climate talks. “The state loses up to $550 million to pollution ...

Dubai media says woes overblown

Dubai media and some business leaders rallied to support the Gulf Arab emirate's efforts to weather its debt crisis, saying problems had been ...

Bahrain poised to become regional hub for the energy workforce

Bahrain is poised to become a major hub for developing regional capability in the energy industry, according to Edutech, a leading provider ...

Saudi banks record profits in 10 months

Saudi Arabia's banks netted about SR25.4 billion (Dh25.1bn) in profits in the first 10 months of 2009 and analysts believe the annual income could ...

Investors eye Egypt for safe investment after Dubai crisis

Fund managers will rotate dedicated money out of Dubai and into Abu Dhabi, Qatar and Egypt in search of a safe investment haven, as the Gulf emirate ...

Launch of strategic Gulf Cable Project

Tata Communications, a leading provider of a new world of communications, as part of its strategic intent to participate and assist in the rapid development of the Middle East Region, has signed strategic partnership ...

QCCI plays down Qatar’s exposure to Dubai crisis

The Qatar Chamber of Commerce and Industry (QCCI), representative body of the private sector, is clueless about the quantum of Qatari investments ...

Rail operator Deutsche Bahn seals major railway deal with Qatar

Deutsche Bahn (DB) chief Ruediger Grube, along with German Transport Minister Peter Ramsauer, travelled to the capital Doha to sign the contracts ...

UAE non-oil sector to grow 3pc in 2010

The United Arab Emirates is expected to see 3 percent non-oil economic growth in 2010 compared to 1 percent this year, the regional head of the International Monetary Fund said on Monday ...
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