Tabreed made its biggest intraday gain in more than a month this morning as it completed a tender offer for its islamic bond. Last Updated: May 22, 2011 <strong>Bin Laden's oil tanker terror plan</strong> US has disclosed bin Laden plot to harm the US economy by hijacking oil tankers and blowing them up at sea. <a href="http://www.thenational.ae/featured-content/channel-page/business/middle-teaser/bin-ladens-oil-tanker-terror-plan">Read article</a> <strong>Four international banks ordered to give up data on al Sanea</strong> A New York court has ordered four major banks to open their books to aid in the investigation of a Saudi businessman accused of running a trillion dollar Ponsi scheme. <a href="http://www.thenational.ae/business/banking/four-international-banks-ordered-to-give-up-data-on-al-sanea">Read article</a> <strong>Etisalat and du set to lock horns</strong> Rivalry between Etisalat and du is forecast to intensify, despite the UAE telecoms market having been named one of the least competitive in the Arab world. <a href="http://www.thenational.ae/business/telecoms/etisalat-and-du-set-to-lock-horns">Read article</a> <strong>Al-Futtaim planning $500m of acquisitions in Middle East</strong> Al Futtaim is set to sign US$500 million of acquisitions to expand the conglomerate's operations in the region. <a href="http://www.thenational.ae/business/property/al-futtaim-planning-500m-of-acquisitions-in-middle-east">Read article</a> <strong>Stockholm could teach Abu Dhabi a few green lessons</strong> Industry Insights // The Swedish city has a surprising amount in common with Abu Dhabi in its outlook on sustainable living and cutting carbon emissions, and could provide some useful lessons for the UAE capital. <a href="http://www.thenational.ae/thenationalconversation/industry-insights/energy/stockholm-could-teach-abu-dhabi-a-few-green-lessons">Read article</a> The Abu Dhabi-based utility company, also known as National Central Cooling Company, said it had completed a tender offer for its 2008 sukuk. Tabreed had in early March invited holders of the certificates to tender their notes for purchase by the company. Shares in the company rose almost 5 per cent at the open but then traded 0.7 per cent higher to Dh1.42 on the Dubai Financial Market at 11.15am. But for most fund managers, the summer hiatus has already set in. "The dearth is already there, and with results out of the way there are no other key catalysts," said Shehzad Janab, head of asset management and advisory at Daman Investments. "Investors are sitting on positions in the market and I would be surprised if people have played the risk-game," he said. Volumes elsewhere on the Dubai market were meagre at just 20 million shares changing hands. Anticipation ahead of index compiler MSCI's reassessment of the UAE and Qatar's is also keeping traders at bay, Mr Janab added. The Dubai Financial Market General Index slipped 0.5 per cent to 1,574.57 points and the Abu Dhabi Securities Exchange edged 0.1 per cent higher to 2,658.32 points. In the capital, Abu Dhabi Islamic Bank and Abu Dhabi Commercial Bank were among the leading movers as shares in the company's rose 2.27 per cent to Dh3.16 and 0.7 per cent to Dh2.85 respectively.