Economics and Policy
Prime Minister Nouri al-Maliki's State of Law coalition won the most provincial council seats in seven of the 12 Iraqi provinces that voted, according to results.
The government of Dubai has fully repaid $909 million of bonds which were due on April 23, the emirate’s media office said in a statement.
Overall property sales activity in Doha during the first quarter of 2013 fell two percent compared to the previous quarter, according to a new report by Asteco.
Companies and Business
Abu Dhabi Commercial Bank, the United Arab Emirates’ third-largest lender by market value, bought back shares worth Dhs1.15 billion ($313.1 million) at the end of last week, the bank said in a statement on Sunday.
Turkish energy company Kartet has secured a deal to export electricity to northern Iraq and has applied for an export license. That development could add to tensions between Baghdad and Ankara.
The Louvre Abu Dhabi on Saadiyat Island is a step closer to completion as builders have poured the first concrete into one of the four piers set to hold up the museum's massive dome.
Abu Dhabi-based private equity firm Gulf Capital signed a 450 million riyals ($120 million) loan facility with Saudi Arabia’s National Commercial Bank to finance its first real estate project in the kingdom, it said on Sunday.
