Etisalat Commences Legal Proceedings Against Swan Telecom Promoters

– The Emirates Telecommunications Corporation – Etisalat has issued proceedings in the Indian Courts against Mr Balwa, Mr Goenka and Majestic Infracon Pvt Ltd for fraud and misrepresentation. Etisalat’s case is that it was induced to sign agreements without knowledge of the allegations of fraud now in the courts.   My Solution Info Related articles […]

UAE Steps Up Oil Exports to Counter Iran

The UAE’s Abu Dhabi National Oil Co. will increase exports in March to fulfill all crude oil contracts to Asia. The move will help Asian nations, which consume more than Iran’s exports of 2.6 million barrels per day (bpd), to reduce their reliance on Iran. China, India and Japan have come under increasing pressure to […]

UAE China Set to Enter New Stage of Relations

Cooperation between the UAE and China looks set to enter a new phase of collaboration and cooperation. Following a meeting today in the UAE between Chinese Premier Wen Jiabao and President HH Sheikh Khalifa bin Zayed Al Nahyan, The President stated, “”We are looking forward that Mr. Jiabao’s trip to the UAE will constitute an […]

Japan Seeks Extra UAE Oil Shipments

Japan’s Foreign Minister Koichiro Gemba is making an effort to increase oil shipments from the UAE. Japanese foreign minister Koichiro Gemba is touring Turkey and the Gulf states in a bid to shore up Japan’s oil sources in the event of tighter sanctions against Iran. Japan is apparently attempting to cut back its oil imports […]

Abu Dhabi Industrial Zone Seeking Asian Investors

Abu Dhabi’s goal of diversifying its financial portfolio beyond oil is close to becoming a reality with increasing interest in its Khalifa Industrial Zone Abu Dhabi (Kizad) at Taweelah. The Zone, which is 2/3 the size of Singapore, will include industrial clusters based around a new port. Interest among potential Asian investors has been high […]