The BI-ME eNewsletter
3rd September, 2010, 04:15
Abu Dhabi's TAQA to pay US$302 million for 90% of Fujairah Water
Source: BI-ME and Bloomberg , Author: BI-ME staff
Posted: Sun May 3, 2009 3:25 pm
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UAE. Abu Dhabi National Energy Co, the state-controlled power and oil producer known as TAQA, will pay AED1.11 billion (US$302 million) to Abu Dhabi Water and Electricity Authority for a 90% stake in Fujairah Water and Electricity Co.
The payment will be in installments spread over a period of time, according to a statement on the Abu Dhabi bourse web site today.
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RedditMIDDLE EAST BUSINESS COMMENT & ANALYSIS
date:Posted: September 2, 2010
INTERNATIONAL. The triangle pattern has taken nearly 9 months so far, and a move over US$19.50 could start a multi-month run targeting US$26-US$29 per ounce for starters before a broad pullback.
date:Posted: September 1, 2010
UAE. Given the recent developments in Saudi Arabia and India, there is now a greater level of hope that the TRA and RIM will reach an agreement about the manner in which BB Messenger services are provided.
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date:Posted: September 1, 2010
UAE. GCC Telecom markets are on the verge of saturation, while prices decline due to increasing competition, resulting in telcos profits being under very high pressure.
INTERNATIONAL.The first round of talks, hosted by US Secretary of State Hillary Clinton, was held in the State Department.
