Dubai International Capital, the private equity arm of Dubai Holding, has reached a final agreement with creditors for restructuring its debt.
The Arab Spring ignited the Gulf’s online passion and participation. And now, there’s no turning back.
The Gulf’s love affair with malls is far from over, but e-shops are making headway, writes Ryan Harrison.
Only one creditor has not yet accepted the $2.2 billion debt restructuring plan proposed by the Dubai-based shipbuilding unit.
While regional banks are reporting good growth rates, customer service has to improve, warns a new study.
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.
RED, Abraaj’s small and mid-cap investment platform, has invested $20 million in the region so far this year.
The UAE-based healthcare provider listed its shares on the London Stock Exchange.
Update: The Kuwaiti developer’s shares have now resumed trading on Dubai Financial Market.
The companies, which failed to report earnings on time, join 12 other firms suspended earlier this year.
The UAE has shut down the Dubai office of the National Democratic Institute, a US-funded pro-democracy group.
The GCC is among the least economically integrated regions in the world. But that is changing.
This moody, atmospheric restaurant appeals to a see-and-be-seen crowd.
The bank said that it repaid the five-year Sukuk from its own resources.
Interestingly, visitors from Russia were the biggest spenders in the UAE during the Dubai Shopping Festival, according to Visa.
Dubai’s Jebel Ali Free Zone is planning to launch a syndicated loan to partly refinance its $2 billion Sukuk maturing in November.
As officials in Dubai complete the study for an expatriate pension scheme, experts say that the move will protect workers and improve the economy.
Gulf Business lists 10 companies to keep an eye on as they move the region’s digital industry forward.
A study is being conducted to check the economic impact of the move, which will introduce a single tax rate across the seven emirates.
Emirates NBD said that its shareholders had approved a cash dividend of 20 fils per share for 2011.
The Mall of Egypt will be one of North Africa’s largest shopping centres.
The port operator has said that it will pay off its loan, which matures in October, six months ahead of schedule.
Dubai-based mall and hotel firm pulls in profits amid MENA Arab Spring turmoil.
The Dubai-based property developer saw overall revenues for 2011 falling by 33 per cent compared to 2010.
Employed UAE residents will not need a labour card from the end of June, an official from the labour ministry has confirmed.
Abraaj is making the acquisition through its subsidiary, Riyada Enterprise Development.
After a tough couple of years, could 2012 be the year that lackluster regional stock markets regain their shine?
The hotel group targets to have 100 hotels either operating or under construction in the region by 2015.
The debt crises in the West has spurred an upsurge in lending for local banks.
The five-year bond is the third issue by Emirates NBD this year and the second by a UAE bank this week.