Al Khaleej Sugar Co., owner of the world’s largest sugar refinery, stopped processing at its factory in Dubai because demand slowed and silos are full, according to Jamal Al Ghurair, the company’s managing director.
Emirates Telecommunications Corp., the bigger of two phone companies in the United Arab Emirates, plans to bid for a licence to become Syria’s third mobile-phone operator, Al Khaleej reported, citing Jamal Al-Jarwan , the chief executive officer for Etisalat’s international investments.
Sixty detainees in the United Arab Emirates confessed that they belonged to the Muslim Brotherhood and had received money from external groups to overthrow the government and install Islamic rule, Al Khaleej reported.
Emirates Telecommunications Corp., the state-controlled company known as Etisalat, will “soon” allow foreigners to own its shares, Al Khaleej reported, citing Group Chief Executive Officer Ahmad Abdulkarim Julfar.
The United Arab Emirates’ central bank asked lenders to provide details of financial transactions with Iran during August after United Nations sanctions on the Persian Gulf country, Al Khaleej reported, citing a circular.
The United Arab Emirates is looking into licensing a third low-cost airline in the emirate of Abu Dhabi, al-Khaleej newspaper reported today citing the head of the General Civil Aviation Authority Saif al-Suwaidi.
Aldar Properties PJSC will get this year a cash payment of 70 percent to 75 percent for assets it plans to sell to the Abu Dhabi government, Al Khaleej reported, citing Chief Financial Officer Shafqat Malik .