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United Arab Emirates

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  • ABU DHABI/ DUBAI, Sept 18- Mubadala, the Abu Dhabi state-owned investment fund with a mandate to develop the emirate's economy, posted a 23 percent increase in first-half profit, aided by higher income from joint ventures and one-off gains.

  • ABU DHABI/ DUBAI, Sept 18- Mubadala, the Abu Dhabi state-owned investment fund with a mandate to develop the emirate's economy, posted a 23 percent increase in profit for the first half of 2014, aided by higher income from its joint ventures.

  • *Size $500 mln; order book about $1.5 billion. DUBAI, Sept 16- Goldman Sachs raised $500 million with its debut sale of Islamic bonds on Tuesday, becoming the first conventional U.S. bank to issue sukuk as Islamic finance develops beyond its traditional homes in the Middle East and southeast Asia.

  • DUBAI, Sept 16- The opening of Saudi Arabia's stock market to direct foreign investment early next year is set to coincide with a pick-up in earnings growth in the kingdom, which has lagged the region in the past few years.

  • WASHINGTON/ LONDON, Sept 14- Washington said countries in the Middle East had offered to join air strikes against Islamic State militants and Australia said it would send troops, but Britain held back even after the group beheaded a British hostage and threatened to kill another.

  • Dubai's Atlantis resort to get $1.4B expansion Monday, 15 Sep 2014 | 11:44 AM ET

    ICD— an investment arm of the Dubai government— acquired a significant stake in Kerzner earlier this year, with some state media reporting its share is 46 percent. Another state-owned Dubai firm, Istithmar World, bought out Kerzner's stake in the Atlantis Palm in Dubai in 2012..

  • *Gulf better able to handle U.S. rate hikes than most regions. *Bahrain and Oman budgets, Dubai property market may be losers.

  • *France sends fighter jets for reconnaissance mission over Iraq. PARIS, Sept 15- French President Francois Hollande called on Monday for united international action to tackle the threat from Islamic State militants as he opened a conference on Iraq bringing together members of a U.S.-led coalition.

  • US says Middle East to help fight IS, UK cautious Monday, 15 Sep 2014 | 1:35 AM ET
    Secretary of State John Kerry.

    Washington said countries in the Middle East have offered to join airstrikes against IS militants, but Britain held back.

  • WASHINGTON/ LONDON, Sept 14- Washington said countries in the Middle East had offered to join air strikes against Islamic State militants and Australia said it would send troops, but Britain held back even after the group beheaded a British hostage and threatened to kill another.

  • *To list shares in Dubai on Oct. 2. DUBAI, Sept 14- Dubai's Emaar Properties is seeking to raise as much as 5.8 billion dirhams from an initial public offer of shares in its shopping malls unit that is expected to be the Gulf's biggest stock sale since 2008..

  • *SocGen, BTMU, Goldman set up sukuk programmes since June. Sept 14- Islamic bond programmes from a trio of big conventional banks are set to expand the boundaries of Islamic finance, helping open the market to first-time issuers while testing the banks' ability to win over industry purists.

  • DUBAI, Sept 13- Dubai retailing and restaurants group Marka will list its shares on the Dubai Financial Market on Sept. 25 in the market's first flotation for five years, the company said on Saturday.

  • Russia sanctions to stall Exxon’s Arctic oil plans Friday, 12 Sep 2014 | 8:31 PM ET

    Exxon Mobil’s ambitions in Russia appear to have been dashed, at least until the Ukraine crisis is resolved. The NYT reports.

  • Yanbu will be the second major refinery to come online in Saudi Arabia in little more than a year, following the September 2013 start-up of the similar 400,000 bpd Jubail plant, a joint venture between Aramco and France's Total. Both these plants are largely aimed at the export market and can supply to both Europe and Asia because of their location.

  • Gulf secures $19 billion in West African projects Tuesday, 9 Sep 2014 | 2:48 PM ET

    Abu Dhabi's Trojan General Contracting won the $16 billion project to build roads and railways across Burkina Faso, Mali and Senegal.

  • LONDON, Sept 9- Emerging stocks hit one-week lows on Tuesday and most currencies fell versus the robust dollar as investors re-assessed the likely timing of a U.S. interest rate hike, but a delay in EU sanctions fueled a rebound in Russian assets.

  • *OPEC delegates blame oversupply for price drop. LONDON/ DUBAI, Sept 8- Oil's slide below $100 a barrel on Monday brings prices closer to levels where more OPEC countries face financial worries, prompting some in the producer group to voice concern about too much oil in the market.

  • DUBAI, Sept 8- Dubai will spend $32 billion on expanding its second airport to handle over 200 million people annually next decade, roughly triple the current level of passenger traffic through the emirate, airport authorities said on Monday.

  • Dubai pushes ahead on world's biggest airport plan Monday, 8 Sep 2014 | 5:35 AM ET

    DUBAI, United Arab Emirates— Dubai's ruler has endorsed a $32 billion expansion plan for the city's second airport that aims to make it the world's biggest, the emirate's airport operator said Monday in the latest sign that the Middle East's brash commercial hub is determined to move on from its 2009 financial crisis.