Middle East Business Review – 9 Apr

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A look at today’s financial news and business updates from the Middle East region

Abu Dhabi sells Tesla stake for $133m profit

State-owned power supplier Abu Dhabi National Energy (TAQA) announced it has sold its 7% stake in US electric carmaker Tesla. TAQA, in which the Abu Dhabi government owns a 75% stake, said it made a profit of $113m on the sale. Click here to read more…

Dubai to establish itself as regional aviation hub

Sheikh Mohammed Bin Rashid Al Maktoum, the UAE’s Vice President and Prime Minister, has announced plans on Monday to consolidate the emirate’s position as a regional aviation hub by establishing itself as the leader in the field of designing and constructing airports. Click here to read more…

Dubai most desired destination among Gulf expatriates – survey

According to a survey by GulfTalent.com, Dubai-based online recruitment firm, the Gulf region continues to create jobs despite the impact of Arab uprisings. Click here to read more…

UAE-Oman business council vows to enhance business ties

The UAE and Oman announced they have decided to set up two committees on investment and transportation in order to encourage joint ventures and improve business facilities in neighbouring countries. The agreement was signed during the third meeting of the UAE-Omani Business Council in Abu Dhabi on Sunday. Click here to read more…

Qatar-India sign trade deals

Qatar and India have signed an agreement that will enhance co-operation in oil and gas production, the Gulf state’s government news agency reported. Click here to read more…

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