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Top 10 Stories On Zawya Dow Jones On Feb. 12 At 1400 GMT
Sunday, Feb 12, 2012
The following is a list of top 10 business stories published by Zawya Dow Jones on Sunday at 1400 GMT.
1.OTMT IN ADVANCED TALKS WITH FRANCE TELECOM OVER MOBINIL'S FUTURE
Egypt's Orascom Telecom Media and Technology, or OTMT, said Sunday it is in advanced talks with France Telecom (FTE) regarding the future of their jointly-owned Mobinil unit.
2.IRAQ OPENS NEW SEA OIL TERMINAL TO BOOST EXPORTS - SOURCES
Iraq's Prime Minister Nouri al-Maliki opened Sunday a new off-shore export oil terminal, that would boost the country's oil exports capacity by 900,000 barrels a day of crude from the southern Basra port on the Persian Gulf, oil ministry officials who asked not to be named, said.
3.GULF MKTS END MIXED; ETISALAT SHRS FALL POST 4Q
Persian Gulf stock markets end mixed Sunday; global equity weakness on concerns about Greece's debt crisis weigh.
By Nikhil Lohade
4.SAUDI MOBILY SECURES SAR10 BLN ISLAMIC REFINANCE DEAL
Saudi Arabia's Etihad Etisalat Co. (7020.SA), better known as Mobily, has signed a 10 billion Saudi riyal ($2.6 billion) an Islamic refinancing agreement with seven local banks for three of Mobily's loans, the company said Sunday in a statement on the website of the Saudi stock exchange.
By Ellen Knickmeyer
5.EMIRATES NBD TREASURY HEAD ELDREDGE SAYS HAS RESIGNED
John Eldredge, the general manager of global markets and treasury at Emirates NBD in Dubai, has resigned and is leaving the bank in April. Eldredge, who has been with the bank since 2004, said he would stay in Dubai but declined to discuss his plans further.
By Asa Fitch
6.SABIC,SINOPEC IN TALKS WITH TRINIDAD TO BUILD $5.3B METHANOL COMPLEX
Saudi Basic Industries Corp. (2010.SA), or Sabic, and China Petrochemical and Chemical Corp. (SNP), or Sinopec, have agreed to start negotiations with Trinidad and Tobago to possibly build a $5.3 billion methanol complex in that country, according to the world's largest petrochemical maker by market value.
By Ellen Knickmeyer
7.ETISALAT DN POST 4Q;SEEN PRESSURED ON EARNS CONCERNS-EFG
Etisalat shares fall 2.1% to AED9.25 on the Abu Dhabi market. The telco posted Thursday a 65% slide in 4Q net profit as a hefty impairment charge related to its Indian operations weighed.
By Shereen El Gazzar
8.UAE'S ETISALAT 4Q NET PFT SLUMPS 65% ON INDIA OPS IMPAIRMENT
Abu Dhabi's Emirates Telecommunications Co., or Etisalat, the Middle East's biggest telecom provider by market value, posted Thursday a 65% slide in fourth-quarter net profit as a hefty impairment charge related to its Indian operations weighed.
By Shereen El Gazzar
9.ETIHAD AIR: TO CONTINUE AGGRESSIVE EXPANSION AFTER MAKING PFT IN 2011
U.A.E.'s Etihad Airways plans to continue its aggressive expansion this year by looking at potential acquisitions, and will consider buying a stake in alliance partner Virgin Australia, after posting its first ever net profit in 2011 as it flew more passengers and opened new routes, its top executive said Thursday.
By Alex Delmar-Morgan
10.ABU DHABI'S ADIA TOPS LIST OF BIGGEST SOVEREIGN WEALTH FUNDS
The Abu Dhabi Investment Authority topped a new list of the world's largest sovereign wealth funds with an estimated $627 billion of assets in its coffers.
By Asa Fitch
-By Dubai Bureau, Dow Jones Newswires; +9714 446-1686; djnews.dubai@dowjones.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
12-02-12 1400GMT
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