Dubai

Limitless Withdraws Offer; Results In Fall In The Shares Of Minerva

Limitless recently issued a statement to the stock exchange, in which it had said that it was unsuccessful in obtaining the necessary consents on terms satisfactory to Limitless from a third party and thus it does not intend to make an offer anymore. 

During the month of July, an announcement related to 160-a-share approach for Minerva was made, and during the annual results last week, Minerva said that discussions with Limitless were proceeding and also that it understood due diligence was “substantially complete”. But the company warned, “There can be no certainty of an offer forthcoming.”

Dubai-based companies accused of violating US sanctions on Iran

Dubai - Five Dubai-based companies are among 16 firms and individuals accused by the United States of exporting items to Iran that could be used to make weapons and explosives, a news report said Saturday.

The traders are alleged to have purchased US-made "dual use" goods and transported them to Iran via the United Arab Emirates, Britain, Malaysia, Germany and Singapore, the Abu Dhabi-based The National newspaper said.

While Iran is subject to UN sanctions related primarily to material used in the manufacture of weapons of mass destruction, it is also covered by unilateral US sanctions, which prohibit the sale of most goods of US origin to the Islamic republic.

Dubai conglomerate denies wanting to buy Newcastle FC

Dubai, Sept.

India to screen Bahraini hiring firms

Dubai, Sept 11 : Indian ambassador in Bahrain, Balkrishna Shetty has said that New Delhi will not reverse a decision to screen Bahraini companies before they were allowed to recruit workers from In

British couple’s Dubai sex on beach case adjourned for one month

London, Sept 10 : The trial for Vince Acors and Michelle Palmer, the British couple accused of having sex on a Dubai beach, has been adjourned for a month.

The Dubai''s Court of First Instance has adjourned the case until October 7, as per the couple’s lawyer Hassan Matter.

Palmer was not present at the hearing because she was "not well", said the lawyer.

He, however, did not give any details of her illness.

Even the policeman who had arrested the couple did not show up in the court to give evidence.

Matter said that the officer would be attending the next hearing.

The officer had in a statement described seeing the couple in a passionate embrace on Jumeirah Beach.

Emirates suspends Airbus A380 superjumbo flights

A380Dubai, Paris- UAE carrier Emirates said Tuesday it had suspended for a few days its flights using the A380 superjumbo manufactured by Airbus after "minor" electrical faults were discovered in the aircraft.

Once the problem was cleared up, the company planned to operate two instead of three flights a week on the Dubai-New York route, a spokesman said from Emirates' headquarters in Dubai.

Some of the passengers booked on the A380 flights would be carried on Boeing 777 aircraft, the spokesman said.

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