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- DIFC Investments repays $500m
DIFC Investments, the savings arm of the Dubai International Financial Centre (DIFC), said on Tuesday it had repaid its $500 million (Dh1.83 billion) syndicated loan in full before maturity, reinforcing Dubai's assertion that its entities are in good shape. - Gloom returns to Asian markets
Investors reacted to huge overnight losses on Wall Street and dismal US economic reports. - Ford CEO will work for $1 a year to get loan
Ford Motor Co. will tell Congress that it plans to return to a pretax profit or break even in 2011 when its CEO appears before two legislative committees this week. - Gulf shares fall on recession concerns, oil price slump and lack of financing
Gulf shares declined on Tuesday, led by Saudi Basic Industries Corp and banks as concern heightened that the deepening global recession will drive down commodity prices and weaken demand for Arabian Gulf exports. - Taqa on the prowl to buy more North Sea fields
Abu Dhabi National Energy Company, the power and oil producer known as Taqa, is looking for more acquisitions to boost crude supplies after paying $631 million (Dh2.31 billion) for North Sea fields. - BA in merger talks with Qantas
British Airways is in merger talks with Australia's Qantas, it said on Tuesday, adding to various attempts at consolidation in an industry desperate to cut costs in the global economic downturn. - US recession may just be starting
The US economy, now officially in recession, may be in the midst of the longest slump in the post-World War II era as job losses mount and credit dries up. - Etihad launches first flight from Abu Dhabi to Kazakhstan
Etihad Airways has launched its first flight from Abu Dhabi to the Kazakhstan commercial capital, Almaty, bringing to 50 the number of destinations served by the fast-growing national airline of the United Arab Emirates. - Oil slumps to $46 as turmoil hits demand
Global oil prices slumped to $46 (Dh169) a barrel on Tuesday, reaching the lowest point in almost four years as global energy demand weakened amid a widespread economic slowdown. - Big 3 return to Washington
Car companies have to persuade Congress to loan them $25 billion. - Indian economy unlikely to suffer from massacre
Foreign investors may further dump Indian assets after the Mumbai attacks and worry over tension with Pakistan, but the impact will be limited and Western firms facing recession at home remain keen to tap the subcontinent's growth. - Jumeirah to operate Macau property
The Jumeirah Group is to operate a five-star hotel in Macau as part of an agreement with Hong Kong developer Shun Tak Limited. - China targets 8% growth in 2009
China's top economic policymakers will convene next week to plot how to secure growth of at least eight per cent in 2009, government officials said on Tuesday. - Gold extends losses as dollar climbs
Gold slipped in Europe on Tuesday, extending the previous session's losses, as the dollar firmed against the euro and oil prices sank to a 3-1/2 year low, denting interest in the precious metal as an inflation hedge. - GPCA forum opens today at Atlantis
The third annual Forum of the Gulf Petrochemicals and Chemicals Association (GPCA) will open today in Dubai at the Atlantis Hotel with a line-up of prominent industry experts from around the world set to highlight the opportunities and challenges facing the region's petrochemicals and chemicals sectors, against the backdrop of the global financial crisis. - Gulf Bank 'receives many merger offers but time not right for deal'
Kuwait's troubled Gulf Bank has received "numerous" merger offers but believes the time is not right for a deal, its chairman said. - Kuwait unveils bill to punish insider trading and regulate stock market
Kuwait has unveiled a much-delayed bill to set up a financial markets regulator, which stipulates tough punishment for insider trading on a stock market battered by a string of irregularities. - Saudi money supply accelerates to 20.2%
Annual growth in Saudi Arabia's money supply accelerated to 20.2 per cent in October from 19.4 per cent in September, central bank data showed yesterday, after the kingdom boosted liquidity to keep the economy growing. - Rupee rebounds from record low
The Indian rupee climbed on Tuesday after hitting an all-time low during trade, helped by central bank intervention and dollar sales by private and foreign banks. - India's bourse claws back some early loss
India's main share index clawed back from sharp early losses of more than 4 per cent on Tuesday and ended down 1.1 per cent after a rise in US stock futures eased selling pressure. - Terror haunts likel