The Nigerian charged with trying to blow up a U.S. airliner planned to study Islamic law in Yemen, the Arabian peninsular state which is fighting a local branch of al Qaeda, the Nigerian government said on Tuesday.
A $40 billion deal by the United Arab Emirates to acquire nuclear reactors puts it ahead in a drive to meet fast growing power needs among its Gulf neighbors, while also allowing it to export more of its oil.
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.
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.
In the annals of tall skyscrapers, there is no doubt that the soon-to-open Burj Dubai will be the world's tallest. But how tall is known to only a few.
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.
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.
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.
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.
State-owned Dubai World did not ask creditors for a standstill on $22 billion (13.6 billion pounds) of debt at a meeting on Monday, adding to uncertainty for investors who have been in the dark for weeks and hurting local bank shares.
Dubai World [DBWLD.UL], 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.
Stock index futures rose on Monday on expectations that rising commodity prices and a downtick in the U.S. dollar would boost stocks in the energy and materials sectors.
Dubai World , which met its creditors on Monday, said it would work with lenders to seek a debt standstill in an orderly way and will get government financial support if an agreement is reached.
Stock index futures were higher on Monday on expectations that rising commodity prices and a downtick in the U.S. dollar would boost stocks in the energy and materials sectors.
State-owned Dubai World did not ask creditors for a standstill on its $22 billion debt at a meeting on Monday, adding to uncertainty for investors who have been in the dark for weeks and hurting local bank shares.
Dubai World will not make any concrete proposals to delay $22 billion in debt when it meets creditors on Monday, a move that is likely to dismay investors who have been left in the dark for weeks.
Dubai World will not make any specific proposals on a debt standstill at Monday's meeting with creditors, a source close to Dubai World told Reuters.
