DUBAI

Thai court seizes $1.4 bln of Thaksin wealth

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Thailand's top court on Friday seized $1.4 billion (919 million pound) of former premier Thaksin Shinawatra's family assets for abuse of his power, far less than expected, in a ruling that could appease some anti-government forces.

Dubai Mall partly evacuated after aquarium leak

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Dubai Mall, one of the world's largest shopping centers and a symbol of Dubai's grandeur, was partly closed on Thursday after an aquarium containing thousands of fish and other sea animals started leaking, police and witnesses said.
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ITC plans to market food products in UAE, GCC

India's ITC is planning to market their food products in UAE and the Gulf Cooperation Council (GCC) through a partnership with the Al Seer Group, an ITC official was quoted by a new report.
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UPDATE 1-Abu Dhabi's Mubadala in $2 bln refinancing talks

Abu Dhabi government investment fund Mubadala is talking with banks to refinance a $2 billion loan due in April, among the first refinancings by Gulf firms since Dubai's debt problems rocked markets in November.
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Israel says no proof it carried out Dubai killing

Israel's foreign minister said on Wednesday the use of the identities of foreign-born Israelis by a hit squad suspected of killing a Hamas militant in Dubai did not prove the Mossad spy agency assassinated him.
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Euro falls on Greece uncertainty; Ecofin eyed

The euro fell against the dollar on Monday, hovering close to nine-month lows as investors waited to see whether meetings of European finance ministers would result in further support for Greece.
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HSBC seeks big growth, sukuk pickup in 2010

HSBC expects double-digit revenue growth this year in its Amanah Islamic banking division and more sukuk mandates than in 2009, Razi Fakih, deputy chief executive of Amanah told Reuters.
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Euro near lows; Dubai debt fears rise

The euro held near a nine-month low against the dollar on Tuesday, with all signs that euro zone policymakers will focus on making Greece fully implement budget cuts rather than gifting it swift financial aid.
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Dubai CDS jump to highest since March; Nakheel debt falls

The cost of insuring five-year Dubai debt against default jumped to its highest level since March on Monday as concerns intensified over the debt restructuring of state-owned conglomerate Dubai World.
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Unexpected Destination for a Proposal

With the start of a New Year and Valentine's Day looming on the horizon, now is the perfect time to stop putting off that proposal and finally do what you've always wanted - to show your significant other how you truly feel about him or her.
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Dubai's Shuaa Capital narrows Q4 loss to $42 million

Dubai's Shuaa Capital narrowed its net loss 73 percent in the fourth quarter, as the investment bank's brokerage and private equity operations returned to profit and its corporate division curbed losses.
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Dubai police may pursue Israel PM for Hamas killing

Dubai would seek the arrest of Israel's prime minister if it found evidence intelligence service Mossad was behind the killing of a senior Hamas official, its police chief said in a newspaper Friday.
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NYU imposes strict labor standards for UAE campus

New York University has imposed strict labor standards for construction of its campus in the United Arab Emirates, where critics say migrant worker conditions are sometimes tantamount to forced labor.
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Dubai World asset sale nears, debt talks plod

State-owned conglomerate Dubai World, which is restructuring some $22 billion in debt repayments, has yet to arrive at a formal standstill agreement with its creditors.
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Jan retail sales seen up, clues sought on Q1

January sales at top U.S. retail chains should rebound into positive territory from last year's decline as shoppers redeemed holiday gift cards and retailers avoided drastic clearance sales.
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UAE's Arabtec wins $193 million Dubai tower contract

Dubai contractor Arabtec said on Sunday it has won a 710 million dirhams ($193.3 million) contract to build an 80-storey tower in Dubai from Abu Dhabi-based developer Tasameem Real Estate.
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Bin Laden claims U.S. plane attempt, vows more attacks

Al Qaeda leader Osama bin Laden claimed responsibility for the December 25 failed bombing of a U.S.-bound plane in an audio tape aired on Sunday, and vowed to continue attacks on the United States.
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Gaza calling: ringtone exports evade blockade

Israel's blockade of the Gaza Strip not only restricts imports to the enclave but has also crushed traditional exports like fruit, flowers, furniture and ceramics.
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Huawei shows China's scope for organic growth

Its history is peppered with cloak-and-dagger stories which fostered a reputation for winning technology by hook or by crook. But today Huawei Technologies' disciplined growth strategy is a beacon to many emerging markets firms.
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Qaeda says fighters alive, Yemen vows more strikes

The Yemen-based wing of al Qaeda said on Monday its fighters had survived an air strike last week that Yemeni officials said killed six leaders of the militant group.

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