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JPMorgan buys stake in Dubai Mercantile Exchange

Tuesday, 14 October 2008 08:59

DUBAI, United Arab Emirates (AP) -- Dubai's fledgling oil exchange is getting another big-name investor with the addition of U.S. banking giant JPMorgan Chase.

The company, which recently acquired fallen investment house Bear Sterns and U.S. bank Washington Mutual, joins Goldman Sachs, Morgan Stanley, a subsidiary of Royal Dutch Shell and three energy trading firms as minority shareholders of the exchange.

Last Updated ( Tuesday, 14 October 2008 09:01 ) Read more...

Dubai airport, Emirates CEOs shrug off global crisis amid rapid expansion plans

Thursday, 09 October 2008 09:12

Dubai: The heads of Dubai airport and the emirate's flagship airline say they are pushing ahead with ambitious growth plans even as much of the world's economy crumbles.

The rapidly expanding emirate to open the first phase of a new US$5 billion terminal on Tuesday. The Dubai carrier Emirates will move all its local operations to the facility by year's end.

Last Updated ( Thursday, 09 October 2008 09:23 ) Read more...

Dubai Pearl follows the green code

Friday, 08 August 2008 08:08

Dubai: In a place like Dubai, the announcement of plans to build more luxury developments isn't often greeted with bated breath. Dubai, after all is an architect's playground and home to some of the world's most experimental, yet luxurious designs.

Last Updated ( Thursday, 09 October 2008 09:18 ) Read more...

GE and Mubadala launch multi-billion dollar global business partnership

Tuesday, 22 July 2008 08:12

GE and Mubadala Development Company, headquartered in Abu Dhabi, UAE, today announced a framework agreement on a global partnership encompassing a broad range of initiatives including commercial finance, clean energy research and development, aviation, industry and corporate learning.

Last Updated ( Tuesday, 22 July 2008 08:15 ) Read more...

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