Search Results for: "dubai"

Revealed: The World’s Top Ten Retail Nations

The UAE is the world’s second most popular country for global retailers, according to property adviser CBRE.

Saudi Booms But Closing Deals Is Challenging

While experts say the Kingdom is the best performing market in the region, they also warn investors to be patient while doing deals.

Tamweel Posts 33% Drop In Q1 Profit

The UAE-based mortgage lender recorded a net profit of Dhs18 million during the first quarter of the year.

Nakheel Posts 33% Rise In 2011 Profit

The Dubai-based developer reported a net profit of Dhs1.3 billion for 2011.

Bahrain Is “Not Syria” Says Circuit Boss

Formula One teams taking part in the Bahrain Grand Prix will not be at risk, circuit chairman Zayed Al Zayani has said.

Al Ghurair appointed DIFC Authority chairman

Mashreq bank chairman Abdul Azuz Al Ghurair is also vice chairman of DIFC’s higher board of directors.

Courting Appeal

Dubai’s financial court is revving up efforts to become the home to international dispute hearings.

Arabtec Nominates Aabar Execs To Board

Dubai-based builder Arabtec has nominated four top Aabar executives to its board.

The Rise Of Triathlons

UAE execs are flocking to triathlon training to beat work blues, writes Angela Shah.

Sheikha Lubna Eyes China Investment

The two countries are set to strengthen bilateral trade ties, according to the UAE Minister of Foreign Trade.

Kuwait To Launch $65.6m Trading System

The new system will help in the trading of financial instruments such as derivatives and Sukuks.

BT Expands MENA Presence

The UK-based telco sets its sights on the region’s young and growing population.

Saudi Leads In Job Creation

Around 77 per cent of Saudi firms are planning to hire more staff this year, according to a new survey.

Oman Air Reports $285.6m Loss

The carrier said that the loss was “justified” and blamed it on the rising fuel prices.

GCC Produces Record Aluminium Supply

Annual production in the GCC could reach five million tonnes by 2014.

UAE Banks Falling Short – Experts

UAE banks will have to stop ‘yesteryear’ practices if they are to survive future competition.

DIC Reaches $2.5bn Debt Deal

Dubai International Capital, the private equity arm of Dubai Holding, has reached a final agreement with creditors for restructuring its debt.

A Digital Spark

The Arab Spring ignited the Gulf’s online passion and participation. And now, there’s no turning back.

Heir To The Mall

The Gulf’s love affair with malls is far from over, but e-shops are making headway, writes Ryan Harrison.

Drydocks Gets Approval From 98% Of Creditors

Only one creditor has not yet accepted the $2.2 billion debt restructuring plan proposed by the Dubai-based shipbuilding unit.

Poor Service Fails GCC Banks

While regional banks are reporting good growth rates, customer service has to improve, warns a new study.

Drydocks Files For Insolvency Protection

The move is expected to force all the creditors of the Dubai-based shipbuilding unit to agree to its $2.2 billion debt-restructuring plan.

$20m Boost For ME SMEs

RED, Abraaj’s small and mid-cap investment platform, has invested $20 million in the region so far this year.

NMC Raises $187m From IPO

The UAE-based healthcare provider listed its shares on the London Stock Exchange.

DFM Suspends Trading In Al Mazaya

Update: The Kuwaiti developer’s shares have now resumed trading on Dubai Financial Market.

Kuwait’s Bourse Suspends Trade In 19 Firms

The companies, which failed to report earnings on time, join 12 other firms suspended earlier this year.

Clinton Expresses “Regret” Over UAE’s Move

The UAE has shut down the Dubai office of the National Democratic Institute, a US-funded pro-democracy group.

Arab Multinationals Spread Wings

The GCC is among the least economically integrated regions in the world. But that is changing.

Reviewed: Okku Restaurant

This moody, atmospheric restaurant appeals to a see-and-be-seen crowd.

DIB Repays $750 million Sukuk

The bank said that it repaid the five-year Sukuk from its own resources.