Wednesday, December 10, 2014

RBS Resisting Despite Dubai World Optimism on Debt Restructure

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Finance and Economy
RBS resisting despite Dubai World optimism on debt restructure
The Royal Bank of Scotland (RBS) is reportedly 'resisting' plans for a debt restructure of Dubai World, Sky News has found. The bank, which is 81 per cent owned by the UK taxpayer, is reportedly unhappy with plans to extend Dubai World's $15bn debt over the next four years…
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DFM gloom continues as Crude reality kicks in

The Dubai Financial Market (DFM) General Index fell by 3.52 per cent today (December 9), with only two of the 32 listed stocks advancing in what has been a turbulent day on Dubai's bourse.
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Education to lead the way in UK-UAE relations

Education and training programs have the potential to become drivers for UK-UAE relations, according to UK Trade and Investment (UKTI).
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GCC banks to benefit from continued economic growth in 2015
GCC banks will benefit from continued economic growth and public sector spending in 2015 despite declining oil prices, says Moody's Investors Service.
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Transport and Tourism
Etihad's Stuttgart launch signals return to expansion strategy
Etihad's 'equity alliance' strategy is gaining momentum once again as partner Air Berlin launches its first long-haul route from Stuttgart, a daily to Abu Dhabi.
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Energy
UAE to get first reactor for nuclear power plant by 2017
The first of four reactors to be built at the Barakah nuclear plant is 61 per cent complete, and on course to be completed by 2017, according to
Reuters.
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Dubai can fund megaprojects despite oil plunge

Dubai is confident of its ability to fund megaprojects planned for the next five years despite falling oil prices.
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