DUBAI - Emirates NBD, the largest bank in the UAE by assets, is likely to be the first bank from the Gulf to issue yuan-denominated bonds amid a growing appetite among global fund managers to tap the nascent market for the so-called "dim sum" bonds.

ABU DHABI - The board of Emirates Telecommunication Corporation, or etisalat, has proposed final dividends at 60 fils per value for fiscal year 2011.

DUBAI - The Middle East's largest private equity firm, Abraaj Capital, on Monday announced the acquisition of UK-based specialist fund manager Aureos Capital that will create an entity with $7.5 billion in assets.

DOHA - The UAE is committed to maintaining stability in world oil markets, Minister of State for Foreign Affairs Dr Anwar Mohammed Gargash said on Monday, but added that this goal would only be possible through stable trade policies and partnerships and balanced demand and supply equation.

LONDON - Oil rose to a nine-month high in New York after Iran said it halted some crude exports and investors bet that fuel demand will increase as Europe moves closer to bailing out Greece.

LONDON - Bric countries have not become less vulnerable to global shocks despite their strong economic growth over the past four years, a survey showed on Monday.

DUBAI - Gulfood 2012, the premier event for food and hospitality industry, on Monday continued to attract government officials, trade visitors and investors seeking business opportunities in the food and beverage industry.

DUBAI - The UAE has moved from the phase of event host to maker of international events and has proven its ability as an industry leader and a gateway to the growing markets in the region, Shaikha Lubna Al Qasimi, Minister of Foreign Trade, said on Monday.

DUBAI - Emirates NBD, a leading bank in the region, announced today the launch of a new Gold Investment Account that will enable customers to buy gold in electronic form.

DUBAI - In order to bring food and beverages business leaders face to face with their global counterparts, the Dubai Chamber of Commerce and Industry yesterday organised a gulfood business matching session on the sidelines of the ongoing 17th edition of the Gulfood 2012 exhibition at the Dubai International Convention and Exhibition Centre.