United Arab Emirates
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A dramatic shift in how energy is being produced and consumed around the world could lead to far-reaching changes in the geopolitical order.
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*Portugal faces stiff competition for foreign investment. TORRES VEDRAS, Portugal, April 1- For Portugal to succeed in ambitions to reindustrialise its shrinking, debt-laden economy, it will not be down to the revival of mass manufacturing but to the sprouting of high-tech start-ups such as UAVision.
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DUBAI, April 1- Iran's inflation rate has climbed above 30 percent under the impact of international economic sanctions, according to figures released by the government's statistics centre.
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DUBAI, March 31- UK stocks of liquefied natural gas have swollen over the last week, data from National Grid shows, after three big Qatari deliveries helped replenish low heating fuel supplies during the coldest March in over half a century.
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ISTANBUL, March 29- Turkey exported almost $120 million worth of gold to Iran in February, data showed, suggesting the two countries' trade of gold for natural gas has resumed despite tighter U.S. sanctions, though at levels below last year's peaks.
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BERLIN, March 28- Europe's carefully maintained autobahns, high-speed TGV trains and vast network of modern airports have long been the envy of the world. We are not rejoicing, "said Harold Ruijters, who leads the Transport Commission's Trans European Network unit, which aims to connect Europe's fragmented railways, roads and airports.
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*Exports from China, India increase. Slowing growth in the region's largest importers of gasoil, such as Indonesia and Vietnam, and in major consumers, such as India and China, are swelling a surplus of the oil product, dragging down refining profits.
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TOKYO, March 28- U.S. crude futures hovered above $96 a barrel early on Thursday as markets awaited the reopening of banks in Cyprus to an expected flood of depositors after a harsh rescue deal to avert financial collapse.
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*Serbia hopes to team up JAT Airways with Etihad- fin min. BELGRADE, March 27- The United Arab Emirates has approved a $400 million loan to Serbia, boosting the Balkan country's drive to find investors from outside the crisis-hit euro zone to help pull it out of recession.
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*Scars of property crash, corporate debt overhang remain. *Demographics, regulation still favour Dubai. DUBAI, March 27- Four kilometres off the coast of Dubai, more than 200 tiny, man-made islands bake under the sun.
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*Scars of property crash, corporate debt overhang remain. *Demographics, regulation still favour Dubai. DUBAI, March 27- Four kilometres off the coast of Dubai, more than 200 tiny, man-made islands bake under the sun.
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March 27- The United Arab Emirates central bank's foreign currency assets rose to 205.2 billion dirhams in December from 201.9 billion in the previous month, as an increase in deposits offset a drop in holdings of foreign securities, data showed on Wednesday. UAE C.BANK FOREIGN CURRENCY ASSETS DEC 12 NOV 12 DEC 11.
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SINGAPORE, March 27- Asian jet fuel margins slipped to a more than one year low on Wednesday as air travel demand looked bleak on renewed concerns of a euro zone crisis and as heating oil demand for kerosene is decreasing in North Asia.
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DUBAI, March 27- Deutsche Bank said on Wednesday it had appointed Rafik Nayed as vice chairman for the Middle East and North Africa.
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State-owned China Machinery Engineering Corporation completed the second phase of the Omotosho power plant in southwest Nigeria last month, taking total output from 375 megawatts to 500 MW.
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DUBAI, March 27- Kuwaiti logistics firm Agility. said on Wednesday it would book close to $80 million in revenues from a three-year contract which it won for work at the Majnoon oil field in Basra, Iraq.
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DUBAI, March 27- Arabtec Holding:. *Dubai's Arabtec appoints Mark Andrews as chief operating officer- statement. *Andrews will join Arabtec in May from Murray& Roberts Contractors, where he was managing director of the company's Middle East operations.
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RIYADH, March 27- Saudi Arabia's customs authorities have thwarted an attempt to smuggle over 3,260 metric tonnes of refined petroleum products out of the country's Gulf port of Dammam, the official Saudi Press Agency reported.
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KUALA LUMPUR/ DUBAI, March 27- The Malaysian government is reviewing the operations of Islamic endowments as it seeks ways to have them run by private corporations instead of religious bodies. Malaysian awqaf hold 11,091 hectares of land valued at 1.2 billion ringgit, according to the government's Department of Awqaf, Zakat and Hajj.
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TOKYO, March 27- U.S. crude futures were steady above $96 a barrel near a one-month high reached on Tuesday after robust data pointed to an improved U.S. economy, but concerns about an unprecedented bailout for Cyprus capped gains. was up 6 cents at $109.42, after finishing $1.19 higher at $109.36 a barrel the previous session.
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SYDNEY, March 27- Australia's competition regulator granted conditional final approval on Wednesday to a five-year alliance between struggling national flag carrier Qantas Airways Ltd and Emirates Airline, just days before the first Qantas flight is due to transit through Dubai.