Business United Arab Emirates

  • SINGAPORE, Oct 9- Asia's fuel oil cash differentials recovered on Tuesday as low prices helped to stir up buying interest. Cash differential for 180- centistoke fuel oil narrowed more than a dollar to a discount of 40 cents a tonne above Singapore spot quotes, the highest in three sessions.

  • Oct 9- Abu Dhabi Statistics Centre released the following September consumer price data for the Gulf Arab emirate on Tuesday. ABU DHABI CONSUMER INFLATION 09/ 12 08/ 12 09/ 11 pct change month/month 0.3 -0.1 0.4 pct change year/year 1.1 1.2 1.0.

  • DUBAI, Oct 9- Iran will manage to bring its high inflation lower and return to growth next year despite Western sanctions over its nuclear programme, according to projections from the International Monetary Fund.

  • AMSTERDAM, Oct 9- When Koen Olthuis finally landed his first job after graduating as an architect, his new firm wouldn't let him work on the most historic or prestigious accounts in Amsterdam's 17th century centre.

  • SEC, the Gulf's largest utility, has a 452 billion riyal, 10- year investment plan as it speeds up delivery of its power projects to meet state infrastructure demands.

  • ABU DHABI, Oct 9- Abu Dhabi Commercial Bank. has settled a $107.13- million legal claim it filed against indebted Zabeel Investments, which is owned by the crown price of Dubai, two sources said.

  • RIYADH, Oct 9- Saudi Arabia is satisfied that oil prices have fallen to a level that does not hamper global growth, Saudi Oil Minister Ali al-Naimi said on Wednesday, signalling success in a Gulf Arab effort to keep oil prices under control despite a halving of Iranian exports because of Western sanctions.

  • NEW YORK-- The price of oil rose more than 3 percent Tuesday on concerns about supplies from the Middle East and the North Sea. Benchmark crude gained $3.06, or 3.4 percent, to finish at $92.39 a barrel in New York. There is also concern that tensions between Turkey and Syria could escalate and disrupt supplies from the Middle East.

  • CANBERRA, Oct 9- Qantas Airways Ltd's chief executive said he was confident Australian regulators would approve a proposed alliance with Dubai's Emirates. Australia's biggest airline announced a 10- year alliance with Emirates last month that is currently under evaluation by the competition watchdog, the Australian Competition and Consumer Commission.

  • CAIRO, Oct 9- Egypt's new government is studying ways to develop the mobile telecoms sector, including the idea of issuing a licence for a fourth operator, though a decision will not be taken until the first quarter of 2013, the telecoms minister said on Tuesday.

  • DUBAI, Oct 9- Aluminum Bahrain and U.S. aluminum maker Alcoa said on Tuesday they had settled the Bahraini firm's racketeering and fraud suit against Alcoa in return for $85 million in cash plus long-term raw material supply contracts.

  • Following is a list of events in Malaysia as well as news company-related and market news which could have an influence on the local market.

  • rose 38 cents to $89.71 a barrel in early Asia trading, after dropping 55 cents the previous session. *Turkish President Abdullah Gul said on Monday the "worst-case scenarios" were now playing out in Syria and Turkey would do everything necessary to protect itself, as its army fired back for a sixth day after a shell from Syria flew over the border.

  • Oct 9- The Middle East and North Africa's oil exporting countries will see economic growth accelerate in 2012 to 6.6 percent, mainly due to a strong rebound of activity in Libya, the International Monetary Fund said on Tuesday.

  • NEW YORK-- Qatar Airways is joining an alliance of airlines including American Airlines, British Airways and nine other carriers that coordinate routes and allow passengers to earn frequent flier miles on each other's flights.

  • JET-SETTING: Rapidly expanding Gulf carrier Etihad Airways will jointly market some of its flights with Air France-KLM in what could be the beginning of a larger strategic alliance. The Air France-KLM deal could prove significant in that it shows a willingness by the company to work with a Gulf rival.

  • *Conference to discuss rules in Dubai in December. GENEVA, Oct 8- The best solution to improving oversight of the Internet may be to do nothing at all, a senior U.S. official said on Monday while briefing reporters on a conference in December that could decide to consolidate control within a U.N. body.

  • DUBAI, Oct 8- A battle of wills between Iran's government and foreign exchange traders may end with authorities taking over all legal trade in the rial, leaving many Iranians to seek hard currency illegally in a poorly supplied black market.

  • DUBAI, Oct 8- Saudi Arabia's share index hit a 10- week low and most other Gulf Arab bourses declined on Monday as slumping oil prices and a gloomy start to the week on world markets weighed on regional sentiment.

  • DUBAI, Oct 8- The World Bank's financial arm International Finance Corp plans to increase its investments in Yemen, Iraq and North Africa next year to help support development and job creation, a senior IFC executive said.