Result Page 67 for United arab emirates news & latest pictures from ibtimes.com

Abu Dhabi to Invest $15 Bln in Alternative, Clean Energy

Looking diversify into a new economic sector, oil exporter Abu Dhabi announced on Monday it will invest $15 billion in alternative energy and clean technology projects.

Bush stops in Saudi Arabia for talks

Iran, Mideast peace and democracy in the region topped the agenda for President Bush during talks Monday with ally Saudi Arabia. Bush's first visit to the kingdom came as his administration notified Congress of its intent to sell $20 billion in weapons, including precision-guided bombs, to the Saudis. The announcement was timed to coincide with the president's arrival in the Saudi capital.

Bush nudges Israel, Palestinians on peace

President Bush, in the Mideast to push along a peace deal by the end of his presidency, gave orders to both sides on Wednesday. He told Israelis that illegal outposts in disputed land must go and told Palestinians that no part of their territories can be a safe haven for terrorists.

OPEC's big guns keep options open on oil increase

OPEC's big Gulf producers are leaving open the option of an oil supply increase that could influence whether crude prices head back towards $100 a barrel or not.

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OPEC summit ends in division over weak dollar

An OPEC summit ended on Sunday in sharp political division over whether to take action over the weak dollar, as heads of state vowed to keep providing Western consumers with an adequate supply of oil.

Total net falls but tops forecasts

French oil giant Total posted a 3 percent drop in third-quarter adjusted net profit on Wednesday, despite higher oil prices and production, but the result beat forecasts and it maintained a key output target.

Hoteliers build to lure free-spending Asians abroad

Global hoteliers are riding a building boom in Asia, and using plush new hotels as giant, living advertisements to lure newly rich Chinese and Indians to their U.S. and European properties.

Airbus, Boeing vie for Air Arabia order up to $4 bln

Boeing Co or Airbus may win an order this month worth as much as $3.95 billion from United Arab Emirates-based Air Arabia, which said on Sunday it plans to buy as many as 50 planes.

Russia raps Saudi atomic fuel proposal for Iran: RIA

Russia's nuclear chief on Friday said only full nuclear powers should create centers for enriching uranium, in a swipe at a Saudi proposal for Arab states to help supply Iran with enriched uranium.

Wall Street drilling for Middle East riches

Wall Street bankers are flocking to the Middle East, and it's not for oil or the balmy weather.

Warner Bros and Abu Dhabi set up joint venture

Warner Bros Entertainment has agreed with United Arab Emirates' Aldar Properties and a UAE media company to set up a film and video game production firm, state-controlled Aldar said on Wednesday.

Abu Dhabi firm bids for Primewest

Abu Dhabi National Energy Co will buy Canada's Primewest Energy Trust for C$5 billion in cash, Primewest said on Monday, as the state-controlled firm makes good on plans to turn its new Canadian unit into a major oil producer.

Oil nears record ahead of OPEC meet

Oil surged to near an all-time record over $78 a barrel on Monday as OPEC prepared to meet on output policy and after attacks on crude and natural gas pipelines in U.S. supplier Mexico.

OMX Tells Regulator it Did Not Interfere with Bid

Exchange owner OMX wrote to a Swedish regulator saying it had not tried to interfere with Borse Dubai's takeover bid, according to a copy of the letter.

OPEC president says no shortage of oil

The oil market is well balanced and there is no shortage of crude, OPEC's president said on Thursday, ahead of a meeting of the producer group next week that is expected to maintain supply curbs.

Franklin Templeton buys into Dubai asset manager

Franklin Templeton Investments, which manages $621 billion in assets, has bought 25 percent of Dubai's Algebra Capital Ltd and wants to grow its business in Arab markets, it said on Tuesday.

Australia's Leighton buys Al Habtoor stake

Australian construction firm Leighton Holdings Ltd said on Monday it will pay about A$870 million ($707 million) for a 45 percent stake in Dubai-based Al Habtoor Engineering as it continues to expand in the lucrative Gulf market.

OMX Chairman favors Nasdaq's bid: papers

OMX Chairman Urban Backstrom said Borse Dubai's all-cash bid was not more attractive than Nasdaq's share-and-cash bid and called it hostile, newspapers reported on Monday.

Fly me to the moon: space hotel sees 2012 opening

'Galactic Suite,' the first hotel planned in space, expects to open for business in 2012 and would allow guests to travel around the world in 80 minutes.

Sweden weighing if Dubai OMX move already a bid

Sweden's financial regulator said on Friday it had requested information from Borse Dubai regarding its move this week to acquire shares in OMX and was considering whether a statement from the state-run firm may already represent an offer to buy all of OMX.

Biocon, Neopharma partner for Middle-East foray

India's leading biotechnology enterprise, Biocon, has inked an agreement with Abu Dhabi-based Neopharma to establish a joint venture company NeoBiocon to develop specialty bio-pharmaceutical products and provide biotherapeutics for the United Arab Emirates (UAE) market.