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United Arab Emirates

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  • Ikea deleted women from Saudi version of catalog Monday, 1 Oct 2012 | 1:35 PM ET

    The report raised questions in Sweden about Ikea's commitment to gender equality, and the company released a statement expressing "regret" over the issue. "We should have reacted and realized that excluding women from the Saudi Arabian version of the catalog is in conflict with the IKEA Group values," the company said.

  • He will be based in London. Willett joins from Royal Bank of Scotland, where most recently he was chairman of corporate finance for Europe, the Middle East and Africa. A top Morgan Stanley broker, Jonathan Madrigano, who last year managed about $2 billion in client assets left the company's brokerage division on Friday to join J.P. Morgan Securities.

  • By Dinesh Nair and Patrick Werr DUBAI/ CAIRO, Oct 1- Dubai's Emirates NBD. and Morocco's Attijariwafabank have bid for BNP Paribas' Egyptian retail arm, four banking sources said, as regional banks look to pick up assets being shed by European lenders.

  • DUBAI, Oct 1- Abu Dhabi- listed First Gulf Bank. launched a five-year, $650 million bond at 210 basis points over midswaps, arranging banks said on Monday. Citi, National Bank of Abu Dhabi, HSBC, Standard Chartered and Deutsche Bank are arranging the deal.

  • TV critic of Egypt's Islamist president freed Monday, 1 Oct 2012 | 10:15 AM ET

    CAIRO-- The owner of a TV station on trial for incitement following his call for the killing of Egypt's Islamist president has been released after being briefly detained over allegations of theft of electrical power and bounced checks, security officials said on Monday.

  • MOVES-StanChart, BlackRock, Lazard, Barclays Monday, 1 Oct 2012 | 10:14 AM ET

    The bank named Tom Willett as head of mergers and acquisitions, Europe. He will be based in London. Willett joins from Royal Bank of Scotland, where most recently he was chairman of corporate finance for Europe, the Middle East and Africa.

  • *Dubai lender ENBD and Morocco's Attijari among bidders. DUBAI/ CAIRO, Oct 1- Dubai's Emirates NBD. and Morocco's AttijariWafabank have bid to buy BNP Paribas' Egyptian retail arm, four banking sources said, as regional banks pick up assets being shed by European lenders.

  • Ikea deleted women from Saudi version of catalogue Monday, 1 Oct 2012 | 8:13 AM ET

    The report raised questions in Sweden about Ikea's commitment to gender equality, and the company released a statement expressing "regret" over the issue. "We should have reacted and realized that excluding women from the Saudi Arabian version of the catalogue is in conflict with the IKEA Group values," the company said.

  • DUBAI, Oct 1- Iranian authorities have reopened access to Google Inc's email service a week after blocking it, a government official and Iranians said on Monday.

  • Iran unblocks Google email again after for citizens Monday, 1 Oct 2012 | 7:36 AM ET

    DUBAI, Oct 1- Iranian authorities have reopened access to Google Inc's email service a week after blocking it, a government official and Iranians said on Monday.

  • Gazprom, India's GAIL agree 20-yr LNG sales deal Monday, 1 Oct 2012 | 7:27 AM ET

    DUBAI, Oct 1- Russia's Gazprom Marketing and Trading has signed a legally binding agreement to supply liquefied natural gas to India's GAIL for 20 years, the companies said on Monday.

  • *Barwa is part-owned by Qatar Holding. DOHA/ DUBAI, Oct 1- Barwa Bank, a Qatari lender part-owned by Qatar Holding, plans an initial public offering on the Doha stock exchange and is being advised by local investment bank QInvest, Barwa's top executive said on Monday. Barwa Bank is 37.3- percent owned by Barwa Real Estate Co.

  • DUBAI, Oct 1- Abu Dhabi- listed First Gulf Bank. FGB's existing 2017 maturity- a $500 million Islamic bond, or sukuk,- was yielding about 2.7 percent on Monday, according to Thomson Reuters data, at a z-spread of about 207.6 basis points. Benchmark-sized is understood to mean at least $500 million.

  • DSV to buy Dubai-based Swift Freight Monday, 1 Oct 2012 | 4:58 AM ET

    COPENHAGEN, Oct 1- Danish freight forwarder DSV. has agreed to buy Dubai- based Swift Freight, it said on Monday, with the aim of expanding in the Middle East and Africa.

  • DUBAI, Oct 1- Abu Dhabi- listed First Gulf Bank. Citi, National Bank of Abu Dhabi, HSBC, Standard Chartered and Deutsche Bank. Reuters reported last week that the lender, the second biggest by market value in the United Arab Emirates, was eyeing a new bond sale.

  • Under new rules, announced in early April with a Sept. 30 deadline, any bank's lending to the governments of the seven-member UAE federation and related entities is capped at 100 percent of its capital base, while lending to a single borrower is curbed at 25 percent.

  • DUBAI, Oct 1- Abu Dhabi Investment Authority, the cash-rich emirate's sovereign wealth fund, has hired Colm Lanigan to head principal investments at its private equities department, it said on Monday. Lanigan was most recently the managing partner of Tara Capital, a New York- based boutique private equity firm that he started in 2005..

  • KUWAIT, Oct 1- Banks in the United Arab Emirates will not be given an extension of the Sept. 30 deadline for them to limit their exposure to state-linked debt, a UAE central bank official said on Monday. Shamsi said the UAE central bank would deal on an individual, case-by-case basis with commercial banks on the issue of the deadline.

  • The prompt October/November spread climbed $1.25 to a backwardation of $10.25 a tonne, the highest in more than two weeks, according to Reuters data. Strong gasoline demand in the United States will see more naphtha being reformed into the transport fuel, instead of being sent to Asia.

  • DUBAI, Oct 1- Growth of premiums in Saudi Arabia's Islamic insurance industry has been slowing, but changes in the regulatory environment could reverse that trend in coming years.