Business United Arab Emirates

  • *Credit Suisse integrated boutique Clariden Leu last year. FRANKFURT/ DUBAI, Oct 4- Falcon Private Bank, a Swiss private bank owned by Abu Dhabi fund Aabar Investments, said it will acquire a London- based unit of boutique Clariden Leu from Credit Suisse, including some 2 billion Swiss francs in assets.

  • ATHENS, Oct 4- Greek police clashed with protesting shipyard workers who stormed the Defence Ministry complex in Athens on Thursday demanding back pay that they said they were owed. The head of the army's general staff, General Mihail Kostarakos, came out to address the protesters but was booed and heckled.

  • Several traders from the bazaar, whose merchants played a major role during Iran's 1979 Islamic revolution, told Reuters by telephone that most stores were closed as businessmen stayed away for safety reasons.

  • ABU DHABI, Oct 4- Mubadala, the Abu Dhabi government's investment vehicle, swung to a profit in the first-half of 2012 helped by lower impairment losses and higher revenue at its key businesses.

  • DUBAI, Oct 4- Falcon Private Bank, a Swiss-based wealth manager owned by Abu Dhabi fund Aabar Investments, has agreed to acquire Clariden Leu, a fully-owned subsidiary of Credit Suisse, a statement from Falcon said on Thursday. London- based Clariden Leu had assets under management of over 2 billion Swiss Francs as of August 31, 2012.

  • *Morgan Stanley is in talks to sell a majority stake in its commodities business to the Qatar Investment Authority. *Singapore state investor Temasek Holdings is putting pressure on Standard Chartered to appoint more independent directors.

  • DUBAI, Oct 4- Indebted Zabeel Investments, which is owned by Dubai's crown prince, has reached a $956- million debt deal with lenders, according to al-Khaleej newspaper on Thursday. A Dubai government official confirmed this week that the management of Zabeel had been taken over by state-owned Dubai Real Estate Corp..

  • ABU DHABI, Oct 4- National Bank of Fujairah. will replace British lender Barclays PLC on the United Arab Emirates' interbank rate setting panel, the banking regulator said on Thursday.

  • FRANKFURT, Oct 4- The DAX top-30 index looked set to open 0.4 percent higher on Thursday, according to premarket data from brokerage Lang& Schwarz at 0614 GMT. Related news AIR BERLIN Indicated 2.2 percent higher.

  • LONDON, Oct 4- European shares were set to rise on Thursday, mirroring gains in the United States and Asia, with investors positioning for more soothing data and some clarity on Spain's likely aid request during a European Central Bank press conference after its rate verdict.

  • The head of VW's works council, Bernd Osterloh, urged the company to offer a low-cost car in emerging markets to counter weak sales in Europe, German paper Handelsblatt reported, citing Osterloh.

  • The October/November timespread slipped another $1.25 to a $7.75 per tonne backwardation or the lowest since September 26, according to Reuters data. Naphtha CFR Japan's October/November lost $1.25 to a backwardation of $7.75 a tonne, while the November/December backwardation was $1.00 per tonne lower, at $7.50 a tonne.

  • EADS Chief Executive Tom Enders is prepared to talk about guarantees for jobs and production sites in a planned merger of the company with Britain's BAE Systems, he told Germany's Bild daily.

  • DUBAI, Oct 4- HSBC Holdings Plc is to significantly scale back the scope of its global Islamic banking operations, as the business becomes the latest area to be affected by a wider restructuring at the UK- based bank.

  • WASHINGTON/ LONDON, Oct 3- To win approval for their planned $45 billion merger, EADS and BAE systems must persuade Washington to let a pan-European behemoth control some of the most sensitive U.S. defence contracts, without triggering a political backlash.

  • The euro zone's economic woes accelerated last month and China's slowdown looked likely to extend to a seventh quarter, surveys on Wednesday showed, while the United States proved the bright spot with better-than-expected news on services and jobs.

  • DUBAI, Oct 4- An Islamic trade association in Iran strongly condemned the protests that flared in Tehran's main bazaar as an enemy conspiracy and said traders had dealt with the "treacherous" acts, Iran's state news agency reported late on Wednesday.

  • SINGAPORE, Oct 4- U.S. crude held near $88 a barrel in Asia on Thursday after plunging more than 4 percent the day before, with data from the euro zone and China heightening worries about economic growth and oil demand. was up 5 cents at $88.19 a barrel by 0013 GMT.

  • KHOBAR, Saudi Arabia, Oct 3- Top oil exporter Saudi Arabia has raised its Arab Light crude price for Asian buyers in November by 90 cents, its state-owned company Saudi Aramco said on Wednesday.

  • TEHRAN, Iran-- Iranian authorities used aggressive measures Wednesday in an attempt to halt the nosedive of the country's currency, making arrests, vowing to stamp out sidewalk money changers and warning merchants against fueling the mounting public anger over the economy.