UNITED ARAB EMIRATES

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Dubai creditors to get multiple options -sources

Lenders to Dubai World will get a range of options including full repayment once Abu Dhabi decides how much additional support it will provide its debt-strapped neighbor, sources close to the discussions said.

UAE government backs Dubai; Abu Dhabi help may lag

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Rania Oteify and Rachna UppalThe United Arab Emirates pledged its support for Dubai on Tuesday but said the emirate had yet to ask for federal help, which analysts said would come reluctantly and with strings attached.
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ITC plans to market food products in UAE, GCC

India's ITC is planning to market their food products in UAE and the Gulf Cooperation Council (GCC) through a partnership with the Al Seer Group, an ITC official was quoted by a new report.
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Barclays profit tops $18 billion

Barclays Plc beat forecasts with a near doubling of profits in 2009 to 11.6 billion pounds ($18.2 billion), cheering investors with an improved balance sheet and boosting shares across the sector.
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HSBC seeks big growth, sukuk pickup in 2010

HSBC expects double-digit revenue growth this year in its Amanah Islamic banking division and more sukuk mandates than in 2009, Razi Fakih, deputy chief executive of Amanah told Reuters.
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Unexpected Destination for a Proposal

With the start of a New Year and Valentine's Day looming on the horizon, now is the perfect time to stop putting off that proposal and finally do what you've always wanted - to show your significant other how you truly feel about him or her.
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NYU imposes strict labor standards for UAE campus

New York University has imposed strict labor standards for construction of its campus in the United Arab Emirates, where critics say migrant worker conditions are sometimes tantamount to forced labor.
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Afghan allies seek common ground

Afghanistan's neighbours met in Turkey on Tuesday seeking a single voice before a London conference to set a timetable for handing security over to Afghans and find ways to negotiate peace with the Taliban.
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J&J recalls more OTC products after unusual odor

The latest voluntary recall followed consumer reports of an unusual moldy, musty, or mildew-like odor that, in a small number of cases, was associated with temporary and non-serious gastrointestinal events, the company said. Such events included nausea, stomach pain, vomiting and diarrhea.
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Green energy agency set to gain members

The International Renewable Energy Agency (IRENA) expects new members to join at its next meeting while China and world top oil exporter Saudi Arabia are to attend as observers, its head said on Wednesday.
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UAE banks in no rush to use foreclosure law

Banks in the UAE, heavily exposed to the region's ailing real estate market, can use a local foreclosure law to reclaim assets, but a sharp increase in reposessions is unlikely for now, lenders and analysts said.
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Aabar offers to buy 70 percent of Dubai's Arabtec

Abu Dhabi-based Aabar Investments (AABAR.AD) wants to acquire 70 percent of Arabtec (ARTC.DU) through convertible bonds, Aabar said, in a $1.7 billion deal which would provide both cash and potential new contracts for the Dubai builder.
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Dubai World says debt revamp plan some time away

Dubai World, the state- owned holding company seeking to restructure its debt, moved to quell speculation it could present its restructuring plans to creditors on Thursday, as reported by an Arabic-language newspaper.

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