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Kuwait UAE News. Service for global professionals. Constantly updated news and information about Kuwait.
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Latest Kuwait UAE News

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  • Abu Dhabi, Dubai markets surge on bail-out plan - Update 14 Dec 2009 10:50 GMT
    ... credit made available to it by neighbouring emirate Abu Dhabi to pay immediate financial obligations, ... the region worked on the rally, with Kuwait gaining 0.88 per cent and Saudi Arabia's ... also prepared to provide support to local UAE banks." The cost of insuring Dubai's debts ...

  • Abu Dhabi, Dubai markets surge on bail-out plan - Summary 14 Dec 2009 14:50 GMT
    ... credit made available to it by neighbouring emirate Abu Dhabi to pay immediate financial obligations, ... the region joined in the rally, with Kuwait gaining 0.88 per cent and Saudi Arabia's ... also prepared to provide support to local UAE banks." The cost of insuring Dubai's debts ...

  • Abu Dhabi economy tied to Brand Dubai and other United Arab Emirates 15 Dec 2009 01:50 GMT
    ... aid solidified the seven member United Arab Emirates federation. The policy initially adopted last month ... rulers, Sheikh Khalifa al-Nahyan president of the UAE, and Sheikh Muhammad al-Maktoum, its prime minister ... sukuk defaults by a US firm, a Kuwaiti company and a major Saudi group have ...

  • Seven Abu Dhabi firms face debt review 9 Dec 2009 17:29 GMT
    ... review Last Updated: December 09. 2009 8:49PM UAE / December 9. 2009 4:49PM GMT Seven ... Aldar Properties, the issuer rating of the Emirates Telecommunications Company (Etisalat) and the issuer ratings ... of the [global] crisis,” Sheikh Khalifa told Kuwait’s state-run news agency in an interview. “We ...

  • Abu Dhabi gives $10bn to Dubai 14 Dec 2009 08:05 GMT
    ... at the Gulf Co-operation Council summit in Kuwait City, said that while it had been ... expected that Abu Dhabi would help its Emirati neighbour, the scale of the assistance was ... markets and reassure potential investors that the UAE as a whole is on a sound ...

  • Abu Dhabi wealth fund takes stake in Hyatt Hotels 15 Dec 2009 11:44 GMT
    ... Abu Dhabi wealth fund takes stake in Hyatt Hotels Kuwait sells Citigroup stake for $4.1 billion Kuwait's ... the Dubai bankruptcy. Most analysts reckon the emirate will end up defaulting on more than ...

  • Dubai, Abu Dhabi bourses recover 7 Dec 2009 01:12 GMT
    ... have grown since the government of the emirate asked on Nov. 25 for a freeze ... But Sunday’s trading appeared to indicate that UAE markets were stabilizing and investors returning. The ... the first day of trading only. The Kuwait Stock Exchange was also stable following the ...

  • Dubai stocks end down 6.39%, Abu Dhabi falls 2.82% 9 Dec 2009 13:33 GMT
    ... DUBAI: Share prices in the United Arab Emirates were battered again on Wednesday over Dubai's ... even as the brutal sell-off continued, the UAE president said his nation had successfully "contained" ... consequences," Sheikh Khalifa bin Zayed al-Nahayan told Kuwait's KUNA news agency in an interview. "We ...

  • Abu Dhabi agrees on $10 bil. bailout for Dubai World 15 Dec 2009 16:55 GMT
    ... KUWAIT CITY, Dec 14, 2009 (Kyodo News International ... debt-ridden fund of the fellow United Arab Emirates member has headed off for now a ... Dubai World is seeking to restructure. The UAE Central Bank has also agreed to provide ...

  • Abu Dhabi agrees on $10 bil. bailout for Dubai World+ 14 Dec 2009 11:50 GMT
    ... KUWAIT CITY, Dec. 14 (AP) - (Kyodo)-Abu Dhabi ... debt-ridden fund of the fellow United Arab Emirates member has headed off for now a ... Dubai World is seeking to restructure. The UAE Central Bank has also agreed to provide ...

  • Al Ain's Wahat Hili Mall signs up French hypermarket 'Géant' for its Emirate of Abu Dhabi debut 14 Dec 2009 08:42 GMT
    ... include Giffin Graphics, Astraco Construction Co, Readymix Abu Dhabi, Sultan Bin Rashed (Sultaco), Jazira Metal Industries ... 2001, followed by Dubai in 2005 and Kuwait in early 2009. Along with Géant the ... Monday, December 14 - 2009 at 12:03 UAE local time (GMT+4) Replication or redistribution in whole ...

  • Dubai, Abu Dhabi markets down in early trading 7 Dec 2009 11:56 GMT
    ... The main stock exchanges in the UAE fell in early trading on Monday, with Dubai ... Dubai dropping by 2.86 per cent and Abu Dhabi by 0.43 per cent. The Dubai Financial ... percent on Sunday at 2,673.12 points. The Kuwaiti stock market was also down on Monday, ...

  • Dubai and Abu Dhabi markets down in early trading 7 Dec 2009 08:03 GMT
    ... main stock exchanges in the United Arab Emirates fell in early trading on Monday, with ... with Dubai dropping by 2.86 percent and Abu Dhabi by 0.43 percent. The Dubai Financial Market ... percent on Sunday at 2,673.12 points. The Kuwaiti stock market was also down at the ...

  • Dubai market slumps 6 per cent, Abu Dhabi down 1.3 7 Dec 2009 09:31 GMT
    ... Kuwait - Kuwait's sovereign wealth fund has sold ... per cent in trading Sunday while in Abu Dhabi the markets surged ahead 3.89 per cent ... the first positive day for United Arab Emirate exchanges since the Dubai debt crisis emerged. ...

  • Abu Dhabi helps Dubai firm repay 4.1-billion-dollar bond 14 Dec 2009 08:41 GMT
    ... the stock exchanges of the United Arab Emirates' of Dubai and Abu Dhabi, financial analysts said. The exception was the ... Gulf Cooperation Council (GCC) summit opens in Kuwait on Monday with the debt crisis in ...


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