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United Arab Emirates

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  • ABU DHABI, Aug 21- Banking group Standard Chartered is liable to legal action in the United Arab Emirates after it agreed to close some customers' UAE accounts in an anti-money laundering settlement with U.S. regulators, the UAE central bank said on Thursday.

  • Dubai's Nakheel to pay $2.1 billion in debt early Wednesday, 20 Aug 2014 | 8:33 AM ET

    DUBAI, United Arab Emirates— Dubai's developer Nakheel behind the famed man-made palm-shaped islands said Wednesday it is repaying 7.9 billion dirhams, or roughly $2.15 billion this month— nearly four years before the last installment is due.

  • Panasonic Corp, Fujitsu Ltd and others, seeking niche business opportunities to offset a downturn in demand for their consumer electronics, are touting automated greenhouses and sensor-controlled fields that ensure constant conditions to produce high-quality vegetables all year-round.

  • SINGAPORE, Aug 20- Previously ranked as Asia's top diesel importer, now No.3 Indonesia is expected to take a third less of the fuel this year as demand from mining falters and biodiesel use in transport and industry grows with a mandate implemented in January.

  • *Oil price at level seen as favourable by Saudi Arabia. LONDON/ DUBAI, Aug 19- OPEC is not worried about a slide in oil prices towards $100 a barrel, delegates from the producer group said, with current levels seen as acceptable for producers while higher seasonal demand in the coming weeks was expected to support the market.

  • Dubai creates new fund class to lure asset managers Tuesday, 19 Aug 2014 | 5:52 AM ET

    *Aims to compete with Luxembourg, Dublin and Cayman Islands. DUBAI, Aug 19- Dubai is changing its financial rules in an effort to attract more asset managers- particularly those serving the richest and most risk-tolerant investors, such as hedge funds and private equity funds- to base themselves in the emirate.

  • Iran says journalists held over 'security issues' Monday, 18 Aug 2014 | 10:02 AM ET

    TEHRAN, Iran— A Washington Post reporter and two other journalists detained last month are being held over "security issues," Iran's judiciary spokesman said Monday, offering the first official indication on why they are being held. Post reporter Jason Rezaian, his wife Yeganeh Salehi and two photojournalists were detained July 22 in Iran's capital, Tehran.

  • They include El Pollo Loco Holdings Inc, Zoe's Kitchen Inc, and Papa Murphy's Holdings Inc.. Shake Shack is present in many U.S. states including New York, New Jersey, Connecticut, Pennsylvania, Florida and Massachusetts.

  • RIYADH/ DUBAI, Aug 14- Seventy-year-old Saudi Arabian stock speculator Mohamed al-Otaibi says he lost hundreds of thousands of dollars in the crash of 2006, but he's back trading again as the Arab world's biggest bourse prepares to open to direct foreign investment.

  • SINGAPORE/ NEW DELHI, Aug 14- A decade after low-cost carriers led India's air travel boom, full-service airlines are gearing up for a battle for premium passengers that only the deep-pocketed are likely to win. The carriers are also bracing for Vistara, a venture between Singapore Airlines Ltd and conglomerate Tata Sons Ltd which will start flying in October.

  • *Iraq faces no immediate food shortages, bread prices stable. BAGHDAD/ ABU DHABI, Aug 13- After seizing five oil fields and Iraq's biggest dam, Sunni militants bent on creating an Islamic empire in the Middle East now control yet another powerful economic weapon- wheat supplies.

  • CAIRO/ ABU DHABI, Aug 13- A top Iraqi government grains official said on Wednesday that Islamic State militants are taking wheat from state silos in northern and western Iraq, in order to mill it there and in neighboring Syria.

  • BAGHDAD, Aug 13- Nuri al-Maliki stuck to his guns and refused to accept his removal as Iraq's prime minister on Wednesday, but his hold on power was tenuous as Iran's supreme leader, a long-time Maliki ally, publicly backed his replacement.

  • *TAQA remains committed to other India, Iraq projects. ABU DHABI, Aug 13- Abu Dhabi National Energy Co, the state-owned oil explorer and power supplier, swung to second-quarter profits and said it pulled out of acquisition plans in India and Iraq to improve its cash flow and reduce debt leverage.

  • SAO PAULO, Aug 12- The opening of Brazil's iron ore export terminal Porto Sudeste might be pushed back to next year, according to the CEO of steelmaker Usiminas, which has a contract to ship ore through the port.

  • *RBS exploring sale of Coutts International. *Coutts International has come forward in U.S. tax probe.

  • *RBS exploring sale of Coutts International. *Coutts International has come forward in U.S. tax probe.

  • *RBS exploring sale of Coutts International. *Coutts International has come forward in U.S. tax probe.

  • ZURICH/ SINGAPORE, Aug 11- Royal Bank of Scotland is selling the international arm of its private bank in a deal that could be valued around $1 billion, sources said on Monday, as the British government leans on it to focus more on domestic lending.

  • Flame from Emirates plane put out at Boston Sunday, 10 Aug 2014 | 4:00 PM ET

    BOSTON— A Dubai- to- Boston flight with 367 passengers and crew members aboard has been grounded at Logan International Airport after an engine fire that officials say was quickly extinguished when the plane landed.