The BI-ME eNewsletter
LOGIN:
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
www alibaba.com
Meet worldwide manufacturers, wholesalers
& importers
in Alibaba now!

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.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: February 9, 2010
UAE. Location and quality are driving apartment prices; while average prices decreased, select communities, including Palm Jumeirah and Downtown Burj Dubai, experienced slight increases according to Landmark Advisory's latest quarterly report.
date:Posted: February 8, 2010
INTERNATIONAL. Trying to achieve financial goals by pouring all of one's assets into emerging markets today, telecommunications tomorrow, and Japanese small-cap stocks next week is not a guarantee for achieving a sound financial plan.
date:Posted: February 8, 2010
INTERNATIONAL. The latest survey shows 46% of respondents expect their business travel to increase, marking a rise by 22 points compared with figures of the same period in 2009.
UAE. Location and quality are driving apartment prices; while average prices decreased, select communities, including Palm Jumeirah and Downtown Burj Dubai, experienced slight increases according to Landmark Advisory's latest quarterly report.