UNITED ARAB EMIRATES

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Dubai World says suing ex-CEO of unit for fraud

Dubai World, a Dubai government holding company, filed a lawsuit in the United States this week against the former head of a subsidiary it accuses of fraud costing the United Arab Emirates firm millions of dollars.

Dubai exchange merger a possibility: report

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A merger between Dubai's top stock exchanges, Dubai Financial Market DFM.DU and Nasdaq Dubai NDAQ.DI, is a possibility, a leading official said, according to newspaper Emirates Business (www.business24-7.ae).
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Qatar's Tribeca looks to create regional film hub

The Doha Tribeca Film Festival, Qatar's first film event, said on Monday it wants to create a hub for regional filmmakers in the Gulf Arab state, through education initiatives and community involvement.
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Visa and MasterCard look abroad for growth

Visa Inc and MasterCard Inc, the world's largest credit card networks, are counting on foreign markets for the growth that recession-bound U.S. consumers have been unable to provide.
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China to start UAE tourist groups

Chinese citizens are allowed to tour another nine nations, including the United Arab Emirates (UAE) in the Middle East, from September 15, according to the National Tourism Administration.
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Abu Dhabi company has big plans for North Sea

Abu Dhabi-owned energy company TAQA Bratani Ltd plans to boost North Sea oil and gas production by buying up mature oilfields and greatly increasing their efficiency, the head of the company's UK arm said on Thursday.
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Dubai's Emaar Properties posts $351 mln Q2 loss

Dubai's Emaar Properties EMAR.DU, the builder of the world's tallest tower in the Gulf Emirate, made a loss of 1.29 billion dirhams ($351.2 million) for the second quarter after it wrote off the complete book value of its U.S. unit.
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U.S. SEC charges Abu Dhabi man with stock fraud

The U.S. Securities and Exchange Commission filed insider trading charges on Monday against a manager at Abu Dhabi Oil Refining Co (AORC) who made more than $450,000 profit from suspicious trades before a takeover of Nova Chemicals Corp.
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Kuwaiti financier sued by SEC over takeover hoaxes

Securities regulators on Thursday sued a well-connected Kuwaiti financier whose investment firm is partly owned by Citigroup Inc , saying he reaped millions in suspicious profits after fraudulent takeover reports sent shares of two U.S. companies soaring.
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Camel-milk chocolate goes on sale globally

Dubai's Al Nassma, the world's first brand of chocolate made with camels' milk, plans to expand into new Arab markets, Europe, Japan and the United States, its general manager said on Tuesday.
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World's first camel-milk chocolates going global

Dubai's Al Nassma, the world's first brand of chocolate made with camels' milk, plans to expand into new Arab markets, Europe, Japan and the United States, its general manager said on Tuesday.
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UAE's Etisalat bids for Libyan telecom licence

UAE telecoms firm Emirates Telecommunications Corp (Etisalat) could invest at least $500 million if it wins a tender for a telecom licence in Libya as it looks to boost its customer base into North Africa, a top executive said on Tuesday.
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Geithner says dollar to remain key reserve currency

U.S. Treasury Secretary Timothy Geithner said he was reassured during a Gulf visit that the dollar will remain the region's main reserve currency and said he wanted to find ways to reduce oil-price volatility.
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Geithner sees confidence return, supports dollar

U.S. Treasury Secretary Timothy Geithner said on Tuesday he saw signs of confidence returning to the U.S. financial sector and pledged that the United States would pursue policies that preserve the dollar's value.
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Geithner says recession easing, U.S. on the mend

U.S. Treasury Secretary Timothy Geithner said Tuesday aggressive efforts to counter a global financial crisis were starting to work and acknowledged the United States had a special duty to help spur a recovery.
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Abu Dhabi investor eyes energy alternatives

Speedy electric cars will soon compete with gas-guzzling SUVs on Abu Dhabi streets as the oil-exporting emirate buys into alternative energy, including, on Monday, a stake in electric-car start-up Tesla Motors Inc.
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U.S. joins International Renewable Energy Agency

The United States joined the International Renewable Energy Agency (IRENA) on Monday as part of the Obama administration's commitment to developing a new energy policy, Secretary of State Hillary Clinton said.
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Thailand's red shirts rally again in Bangkok

Thousands of red shirt supporters of ousted Thai prime minister Thaksin Shinawatra rallied in Bangkok on Saturday in their biggest protest since violent street clashes two months ago.
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Japan to get oil for its reserves from ADNOC

Japan has concluded a basic agreement with the United Arab Emirates to start receiving oil from Abu Dhabi National Oil Co (ADNOC) to help stock up its oil reserves, the government said on Thursday.
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Mubadala in GE deal, seeks partnerships

Abu Dhabi state investment agency Mubadala Development said on Wednesday it was interested in partnerships with leading aerospace groups but denied a report it planned to take stakes in major European aerospace companies.

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