Shares in state utility KEPCO and other South Korean nuclear power-related stocks jumped on Monday as a $40 billion deal from the United Arab Emirates boosted prospects for future nuclear plant deals.
Dubai Properties Group, owned by the ruler of Dubai's holding company, replaced several executives including its chief financial officer on Sunday and pledged better corporate governance to improve operations.
A South Korean group won a landmark deal to build and operate four nuclear reactors for the United Arab Emirates, beating more favored U.S. and French rivals to one of the Middle East's biggest ever energy contracts.
A South Korean group won a landmark deal to build and operate four nuclear reactors for the United Arab Emirates, beating more favoured U.S. and French rivals to one of the Middle East's biggest ever energy contracts.
A South Korean consortium won a $40 billion deal to build and operate four nuclear reactors for the United Arab Emirates, beating U.S. and French rivals to one of the Middle East's biggest ever energy contracts.
South Korea said on Sunday it had won a $20 billion deal from the United Arab Emirates to build four nuclear reactors, one of the world's biggest nuclear power contracts.
A South Korean consortium has won a $40 billion contract to build several nuclear reactors for the United Arab Emirates, industry sources said on Sunday.
The United Arab Emirates is likely to announce the results of one of the world's biggest nuclear power contracts later Sunday, South Korean media reported.
South Korean President Lee Myung-bak arrived in the United Arab Emirates on Saturday in a push to win one of the world's biggest nuclear power contracts.
South Korean President Lee Myung-bak arrived in the United Arab Emirates on Saturday in a push to win one of the world's biggest nuclear power contracts.
A Nigerian man linked to al Qaeda tried to set off an explosive device aboard a U.S. passenger plane as it approached Detroit on Friday, but was overpowered by passengers and crew and the aircraft landed safely, U.S. officials said.
South Korean President Lee Myung-bak visits the United Arab Emirates on Saturday in a push to win one of the world's biggest nuclear power plant contracts.
Dubai developer Deyaar said it is not in merger talks, and said it remained focused on exploring growth opportunities in the United Arab Emirates and other markets.
Dubai World is likely to press for more time to restructure its $22 billion debt so markets can recover, which will ease credit conditions and enable it to sell assets at higher prices, bankers and analysts said.
OPEC agreed on Tuesday to keep supply curbs unchanged but faces a battle to crack down on those in its ranks who are failing to comply with quota restrictions if it wants to drain bulging global fuel inventories.
Dubai Financial Market DFM.DU(DFM) bid $121 million for Nasdaq Dubai, hitting New York-based Nasdaq OMX's (NDAQ.O) pockets, as well as the idea that international investor flows matter much in the Emirates.
OPEC agreed on Tuesday to keep supply curbs unchanged but faces an uphill battle to crack down on those in its ranks failing to comply with quota restrictions if it wants to drain bulging global fuel inventories.
OPEC agreed on Tuesday to keep supply curbs unchanged but faces an uphill battle to improve compliance with self-imposed quota restrictions if it wants to drain bulging global fuel inventories.
Dubai World disappointed creditors on Monday by making little progress on securing standstill on $22 billion (13.6 billion pounds) of debt, as a key creditor meeting turned out to be a tame affair with less than half the expected attendees showing up.
Dubai World disappointed creditors on Monday by making little progress on securing standstill on $22 billion of debt, as a key creditor meeting turned out to be a tame affair with less than half the expected attendees showing up.
What's Christmas without a little indulgence and a lot of guilt, with a global survey showing two in three people occasionally treat themselves to a luxury purchase, but a third then feel bad about it.
Dubai World , faced with a $22 billion debt restructuring, told creditors it had $40 billion in total debts and will pitch a standstill proposal in mid-January, a banking source said on Monday.
