Etihad, Alitalia sign MOU for two new destinations

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Alitalia and Etihad Airways yesterday said they have signed a Memorandum of Understanding (MOU) to operate a code-share agreement from April 2010, subject to government approvals according to a rep

GCC summit issues final communiqué

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Kuwait, Dec 16, 209 (WAM) - The leaders of Gulf Cooperation Council (GCC) states reaffirmed the right of the UAE and its sovereignty over the three islands, 'the Greater and Lesser Tunbs and Abu Mu

UAE emerges Cultural Hub of region in 2009 Venice Biennale

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Venice - Dec 16, 2009 (WAM) - The conclusion of the UAE's participation in the 2009 Venice Biennale has officially marked the nation's emergence as a hub of cultural dialogue locally and internatio

Adia buys key stake in Hyatt

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Abu Dhabi, Dec 16, 2009 (WAM) - The Abu Dhabi Investment Authority (Adia) has purchased a 2.9 per cent stake in Hyatt Hotels Corp in a move economists see as a bet on the recovery of the leisure in

Dubai Chamber's Bu Amim appointed to global role

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Dubai, Dec 16, 2009 (WAM) - Hamad Bu Amim, Director General of the Dubai Chamber of Commerce and Industry, has been named Vice Chairman of the World Chambers Federation (WCF), a global body of 14,0

Nakheel begins sukuk repayment

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Dubai, Dec 16, 2009 (WAM) - Repayment of a $4.1 billion (Dh15bn) Islamic bond issued by Nakheel is under way with the funds distributed to the clearing system after being sent to the principal payi

NBAD wins Retail Bank of the Year Award

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Abu Dhabi, Dec 16, 2009 (WAM)- The National Bank of Abu Dhabi (NBAD), has won the Retail Bank of the Year award as judged by Arabian Business Achievement Awards 2009.

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