Business and financial news

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intercepted parcels in bomb plot dry run</a></li> <li><a href="/web/20101102134859/http://www.thenational.ae/news/worldwide/asia-pacific/anwar-will-get-a-fair-trial-malaysia-tells-clinton">Anwar 'will get a fair trial', Malaysia tells Clinton</a></li> <li><a href="/web/20101102134859/http://www.thenational.ae/news/worldwide/middle-east/yemen-launches-manhunt-for-saudi-wanted-in-bomb-plot">Yemen launches manhunt for Saudi wanted in bomb plot</a></li> <li><a href="/web/20101102134859/http://www.thenational.ae/news/worldwide/middle-east/yemen-puts-preacher-al-awlaki-on-trial-in-his-absence">Yemen puts preacher al Awlaki on trial in his absence</a></li> <li><a href="/web/20101102134859/http://www.thenational.ae/news/worldwide/asia-pacific/flash-floods-trap-thousands-in-thai-city">Flash floods trap thousands in Thai city</a></li> </ul> </div> </div> </li> <li class="popular"> <h3>Popular Stories</h3> <div class="content"> <div class="article-teaser article-teaser-with-image"> <h4 class="headline"><a href="/web/20101102134859/http://www.thenational.ae/news/uae-news/health/two-thirds-of-hospitals-in-abu-dhabi-fail-inspections">Two-thirds of hospitals in Abu Dhabi fail inspections</a></h4> </div> <div class="headlines-list"> <ul> <li><a href="/web/20101102134859/http://www.thenational.ae/news/uae-news/environment/photo-of-dubai-clouds-wins-national-geographic-prize">Photo of Dubai clouds wins National Geographic prize</a></li> </ul> </div> </div> </li> </ul> </div> </li> <li id="Business" class="current"> <a href="/web/20101102134859/http://www.thenational.ae/business" class="channel-2"><span>Business</span></a> <div class="flyout channel-2" style="display: none;"> <ul> <li class="sections"><h3>Sections</h3><div class="content"><ul><li><a href="/web/20101102134859/http://www.thenational.ae/business/banking">Banking</a></li><li><a href="/web/20101102134859/http://www.thenational.ae/business/economy">Economy</a></li><li><a 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href="/web/20101102134859/http://www.thenational.ae/business/energy/ipic-to-re-enter-the-debt-market">IPIC to re-enter the debt market </a></li> <li><a href="/web/20101102134859/http://www.thenational.ae/business/markets/uae-investors-cautious-as-stocks-slip">UAE investors cautious as stocks slip</a></li> <li><a href="/web/20101102134859/http://www.thenational.ae/business/economy/turnover-growth-target-for-gulf-companies">Turnover growth target for Gulf companies</a></li> <li><a href="/web/20101102134859/http://www.thenational.ae/business/aviation/double-delight-for-emirates">Double delight for Emirates</a></li> <li><a href="/web/20101102134859/http://www.thenational.ae/business/banking/bank-executives-salaries-rise-although-profits-fall">Bank executives' salaries rise although profits fall</a></li> </ul> </div> </div> </li> <li class="popular"> <h3>Popular Stories</h3> <div class="content"> <div class="article-teaser article-teaser-with-image"> <h4 class="headline"><a href="/web/20101102134859/http://www.thenational.ae/business/retail/if-you-survived-and-like-dubai-say-it-loud-and-proud">If you survived and like Dubai, say it loud and proud</a></h4> </div> <div class="headlines-list"> <ul> <li><a href="/web/20101102134859/http://www.thenational.ae/business/travel-tourism/wealthy-emiratis-to-unlock-monaco">Wealthy Emiratis to unlock Monaco</a></li> </ul> </div> </div> </li> </ul> </div> </li> <li id="Sport"> <a href="/web/20101102134859/http://www.thenational.ae/sport" class="channel-3"><span>Sport</span></a> <div class="flyout channel-3" style="display: none;"> <ul> <li class="sections"><h3>Sections</h3><div class="content"><ul><li><a href="/web/20101102134859/http://www.thenational.ae/sport/uae-sport">UAE sport</a></li><li><a href="/web/20101102134859/http://www.thenational.ae/sport/football">Football</a></li><li><a href="/web/20101102134859/http://www.thenational.ae/sport/motorsport">Motorsport</a></li><li><a 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href="/web/20101102134859/http://www.thenational.ae/sport/cricket/ntini-retires-from-international-cricket">Ntini retires from international cricket</a></li> <li><a href="/web/20101102134859/http://www.thenational.ae/sport/north-american-sport/world-series-of-major-league-baseball-image-gallery">World Series of Major League Baseball image gallery</a></li> <li><a href="/web/20101102134859/http://www.thenational.ae/sport/north-american-sport/luongo-shuts-out-the-devils">Luongo shuts out the Devils</a></li> <li><a href="/web/20101102134859/http://www.thenational.ae/sport/horse-racing/americain-wins-melbourne-cup">Americain wins Melbourne Cup</a></li> <li><a href="/web/20101102134859/http://www.thenational.ae/sport/north-american-sport/san-francisco-giants-win-world-series">San Francisco Giants win World Series</a></li> <li><a href="/web/20101102134859/http://www.thenational.ae/sport/uae-sport/building-abu-dhabi-harlequins-brick-by-brick">Building Abu Dhabi Harlequins brick by 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<div class="clear"> <div class="grid-6 grid-nested-first"> <h1>Business</h1>  <div class="article-teaser article-teaser-with-image article-teaser-with-image-grid-6"> <h4 class="headline"><a href="/web/20101102134859/http://www.thenational.ae/business/travel-tourism/wealthy-emiratis-to-unlock-monaco">Wealthy Emiratis to unlock Monaco</a></h4> <p class="last-updated">Nov 2, 2010</p> <div class="image"> <a href="/web/20101102134859/http://www.thenational.ae/business/travel-tourism/wealthy-emiratis-to-unlock-monaco"> <img alt="Wealthy Emiratis to unlock Monaco" src="/web/20101102134859im_/http://www.thenational.ae/deployedfiles/Assets/Richmedia/Image/bz02no-montecarlo02.jpg" width="340"/> </a> </div> <p class="lede">Monaco is hoping to build better links with the UAE's wealthiest elite of travellers by offering them "personal keys" to the destination. <a href="/web/20101102134859/http://www.thenational.ae/business/travel-tourism/wealthy-emiratis-to-unlock-monaco" class="more">Read article <span> Wealthy Emiratis to unlock Monaco</span> </a> </p> <div class="comments-media"> <div class="comment-count"> <a href="/web/20101102134859/http://www.thenational.ae/business/travel-tourism/wealthy-emiratis-to-unlock-monaco#jumptocomments" title="1 comments">1</a> </div> <ul class="media"> </ul> </div> </div>   <div class="ad-mpu">      <script type="text/javascript"> //<![CDATA[ if(typeof(ord) == 'undefined') {var ord = ''; } if(typeof(surroundTag) == 'undefined') { var surroundTag = ''; } if(typeof(article) == 'undefined') { var article = ''; } if(typeof(category) == 'undefined') { var category = ''; } if(typeof(demographics) == 'undefined') { var demographics = ''; } if(typeof(vars) == 'undefined') { var vars = ''; } if(typeof(meta) == 'undefined') { var meta = ''; } if(typeof(Comp_Name) == 'undefined') { var Comp_Name = ''; } if(typeof(Country_Name) == 'undefined') { var Country_Name = ''; } if(typeof(Team_Name) == 'undefined') { var Team_Name = ''; } if(typeof(category) == 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class="article-teaser article-teaser-with-image"> <h4 class="headline"><a href="/web/20101102134859/http://www.thenational.ae/business/energy/exxonmobil-builds-islands-in-gulf-to-drill-oil">ExxonMobil builds islands in Gulf to drill oil</a></h4> <p class="last-updated">Nov 2, 2010</p> <div class="image"> <a href="/web/20101102134859/http://www.thenational.ae/business/energy/exxonmobil-builds-islands-in-gulf-to-drill-oil"> <img alt="ExxonMobil builds islands in Gulf to drill oil" src="/web/20101102134859im_/http://www.thenational.ae/deployedfiles/Assets/Richmedia/Image/bz02nooil-online01.jpg" width="340"/></a> </div> <p class="lede">Oil major looking to use 'extended reach' drilling from four artificial islands. <a href="/web/20101102134859/http://www.thenational.ae/business/energy/exxonmobil-builds-islands-in-gulf-to-drill-oil" class="more">Read article<span> ExxonMobil builds islands in Gulf to drill oil</span></a></p> </div> <div class="article-teaser article-teaser-with-image"> <h4 class="headline"><a href="/web/20101102134859/http://www.thenational.ae/business/property/anger-builds-within-hong-kongs-disadvantaged-residents">Anger builds within Hong Kong's disadvantaged residents</a></h4> <p class="last-updated">Nov 2, 2010</p> <div class="image"> <a href="/web/20101102134859/http://www.thenational.ae/business/property/anger-builds-within-hong-kongs-disadvantaged-residents"> <img alt="Anger builds within Hong Kong's disadvantaged residents" src="/web/20101102134859im_/http://www.thenational.ae/deployedfiles/Assets/Richmedia/Image/bz02no-Insight-property-lead01.jpg" width="340"/></a> </div> <p class="lede">An influx of money and buyers from mainland China and a depreciation of the dollar-pegged Hong Kong currency is leaving local residents at a disadvantage in the property market. <a href="/web/20101102134859/http://www.thenational.ae/business/property/anger-builds-within-hong-kongs-disadvantaged-residents" class="more">Read article<span> Anger builds within Hong Kong's disadvantaged residents</span></a></p> </div>  </div>   <div class="grid-6 grid-nested-last">  <div class="article-teaser"> <h4 class="headline"><a href="/web/20101102134859/http://www.thenational.ae/business/energy/big-oilfields-prove-able-to-soak-up-carbon-gas">Big oilfields prove able to soak up carbon gas</a></h4> <p class="last-updated">Nov 2, 2010</p> <div class="image"> </div> <p class="lede">Abu Dhabi's state oil company has successfully tested a new technology that uses carbon dioxide to boost output from its oil fields. <a href="/web/20101102134859/http://www.thenational.ae/business/energy/big-oilfields-prove-able-to-soak-up-carbon-gas" class="more">Read article <span>Big oilfields prove able to soak up carbon gas</span> </a> </p> <div class="comments-media"> <ul class="media"> </ul> </div> </div>  <div class="extractchannel"> <blockquote> <p class="text"><a href="/web/20101102134859/http://www.thenational.ae/business/abu-dhabi-faces-big-decisions-over-new-oil-and-gas-licences">The Gulf oil community has recently focused on Iraq where the awarding of contracts for huge oil projects has excited geologists and chief executives alike.</a></p> <p class="author"><a href=""><cite>Robin M Mills</cite></a></p> </blockquote> </div> <div class="article-teaser"> <h4 class="headline"><a href="/web/20101102134859/http://www.thenational.ae/business/energy/ipic-to-re-enter-the-debt-market">IPIC to re-enter the debt market </a></h4> <p class="last-updated">Nov 2, 2010</p> <p class="lede">Company's bond prospectus shows it has $20.3bn of debt, against $14.6bn of equity, and liabilities of $33.5bn, against assets worth $48bn. <a href="/web/20101102134859/http://www.thenational.ae/business/energy/ipic-to-re-enter-the-debt-market" class="more">Read article <span>IPIC to re-enter the debt market </span> </a> </p> <div class="comments-media"> <ul class="media"> </ul> </div> </div> <div class="article-teaser"> <h4 class="headline"><a href="/web/20101102134859/http://www.thenational.ae/business/economy/turnover-growth-target-for-gulf-companies">Turnover growth target for Gulf companies</a></h4> <p class="last-updated">Nov 2, 2010</p> <p class="lede">The Gulf is targeting turnover growth over the next two years more than other parts of the world, according to findings in a new report. <a href="/web/20101102134859/http://www.thenational.ae/business/economy/turnover-growth-target-for-gulf-companies" class="more">Read article <span>Turnover growth target for Gulf companies</span> </a> </p> <div class="comments-media"> <ul class="media"> </ul> </div> </div> <div class="article-teaser"> <h4 class="headline"><a href="/web/20101102134859/http://www.thenational.ae/business/aviation/double-delight-for-emirates">Double delight for Emirates</a></h4> <p class="last-updated">Nov 2, 2010</p> <p class="lede">Emirates Airline is on course to achieve a double record this year, racking up US$2 billion in profits and carrying a record 30 million passengers. <a href="/web/20101102134859/http://www.thenational.ae/business/aviation/double-delight-for-emirates" class="more">Read article <span>Double delight for Emirates</span> </a> </p> <div class="comments-media"> <ul class="media"> </ul> </div> </div> <div class="article-teaser"> <h4 class="headline"><a href="/web/20101102134859/http://www.thenational.ae/business/banking/bank-executives-salaries-rise-although-profits-fall">Bank executives' salaries rise although profits fall</a></h4> <p class="last-updated">Nov 2, 2010</p> <p class="lede">Remuneration for senior managers at Mashreqbank more than doubles, despite the bank's profits falling 40 per cent. <a href="/web/20101102134859/http://www.thenational.ae/business/banking/bank-executives-salaries-rise-although-profits-fall" class="more">Read article <span>Bank executives' salaries rise although profits fall</span> </a> </p> <div class="comments-media"> <ul class="media"> </ul> </div> </div> <div class="article-teaser"> <h4 class="headline"><a href="/web/20101102134859/http://www.thenational.ae/business/retail/if-you-survived-and-like-dubai-say-it-loud-and-proud">If you survived and like Dubai, say it loud and proud</a></h4> <p class="last-updated">Nov 2, 2010</p> <p class="lede">An Emirati couple will launch a range of shirts, notebooks, bracelets and smartphone covers to celebrate the recovery of Dubai's economy. <a href="/web/20101102134859/http://www.thenational.ae/business/retail/if-you-survived-and-like-dubai-say-it-loud-and-proud" class="more">Read article <span>If you survived and like Dubai, say it loud and proud</span> </a> </p> <div class="comments-media"> <ul class="media"> </ul> </div> </div> <div class="article-teaser"> <h4 class="headline"><a href="/web/20101102134859/http://www.thenational.ae/events/categories/hotels/starwood-to-manage-al-maha-resort">Starwood to manage Al Maha resort</a></h4> <p class="last-updated">Nov 2, 2010</p> <p class="lede">Resort will keep all existing staff under the terms of the new management agreement. <a href="/web/20101102134859/http://www.thenational.ae/events/categories/hotels/starwood-to-manage-al-maha-resort" class="more">Read article <span>Starwood to manage Al Maha resort</span> </a> </p> <div class="comments-media"> <ul class="media"> </ul> </div> </div> <div class="article-teaser"> <h4 class="headline"><a href="/web/20101102134859/http://www.thenational.ae/events/categories/hotels/ramadan-and-eid-boost-guest-numbers-by-26-per-cent">Ramadan and Eid boost guest numbers by 26 per cent</a></h4> <p class="last-updated">Nov 2, 2010</p> <p class="lede">The timing of Ramadan and Eid helped the number of guests staying in hotels in Abu Dhabi rise by 26 per cent in September compared with the same month last year. <a href="/web/20101102134859/http://www.thenational.ae/events/categories/hotels/ramadan-and-eid-boost-guest-numbers-by-26-per-cent" class="more">Read article <span>Ramadan and Eid boost guest numbers by 26 per cent</span> </a> </p> <div class="comments-media"> <ul class="media"> </ul> </div> </div> <div class="article-teaser"> <h4 class="headline"><a href="/web/20101102134859/http://www.thenational.ae/business/property/property-shares-buffeted-by-results-and-a-departure">Property shares buffeted by results and a departure</a></h4> <p class="last-updated">Nov 2, 2010</p> <p class="lede">The surprise departure of Aldar Properties' chief executive is not the only disconcerting news for the company. <a href="/web/20101102134859/http://www.thenational.ae/business/property/property-shares-buffeted-by-results-and-a-departure" class="more">Read article <span>Property shares buffeted by results and a departure</span> </a> </p> <div class="comments-media"> <ul class="media"> </ul> </div> </div> <div class="article-teaser"> <h4 class="headline"><a href="/web/20101102134859/http://www.thenational.ae/business/property/sorouh-hit-hard-as-profits-take-a-dive">Sorouh hit hard as profits take a dive</a></h4> <p class="last-updated">Nov 2, 2010</p> <p class="lede">Sorouh was buoyed by the sale of a plot of land on Reem Island and the beginning of its contract with the government to build public housing, but profits declined substantially. <a href="/web/20101102134859/http://www.thenational.ae/business/property/sorouh-hit-hard-as-profits-take-a-dive" class="more">Read article <span>Sorouh hit hard as profits take a dive</span> </a> </p> <div class="comments-media"> <ul class="media"> </ul> </div> </div> </div>  </div>  <div id="conversationid" class="channel-conversation clear"> <h2 class="clear"><span>The National <span>Conversation</span></span></h2> <div id="conversationBlogs" class="grid-4 grid-nested-first"> <div class="extract"> <blockquote> <p class="text"><a 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src="/web/20101102134859im_/http://www.thenational.ae/staticfiles/images/portal/coming-soon1.jpg" alt="The National"> </div> <div id="conversationBlogs" class="grid-4 grid-nested-last"> <div class="extract"> <blockquote> <p class="text"><a href="/web/20101102134859/http://www.thenational.ae/the-national-conversation/business/information-overload-forces-an-it-reboot">In a saturated market consumers have to choose from a bewildering range of gadgets. 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