Search Results for: "dubai"

Jumeirah Eyes Indian Market

The luxury hotel chain group has specific discussions going on in Mumbai and Delhi, its chairman has said.

UAE Not Pressured To Issue Bonds

The country has adequate financial resources to bridge its budget gap, a senior minister has said.

Landmark Enters Healthcare

The retail and hospitality conglomerate moves into the healthcare industry with the launch of medical clinics.

ENOC Unit Gets $100m Financing

The amount will be partly used to construct a fuel pipeline from Jebel Ali to the Dubai Airport.

Gulf Markets To Lose Monday Gains

The appointment of Prince Salman as heir apparent in Saudi Arabia may lift the markets temporarily.

Fitch Cuts HSBC VR Rating

The rating agency has cut the bank’s Middle Eastern arm’s rating from BBB+ to BBB, due to flat NPL ratio.

A Growing Love Affair

Travellers from the GCC love all that Europe has to offer in terms of shopping, medical treatments and good weather.

Emirates Repays $550m Sukuk

The Dubai-based airline announced that it has repaid its Islamic bond on maturity date.

Swimming Downstream

The Gulf is refining its billion-dollar petrochemicals agenda to supply value-added products across the globe.

Portugal Not To Exit Eurozone

Country will not become the next Greece, says Her Excellency Cecilia Meireles, Portugal’s Minister of Tourism.

Emirates Begins Flights To Portugal

The new route could increase the number of tourists from the UAE to Portugal to more than 100,000.

DIFC Unit Repays $1.25bn Sukuk

DIFC Investments raised money through a syndicated facility to help repay the Islamic bond.

Another False Start?

It’s unclear whether a recent surge in Islamic finance activity will lead to much-needed change.

UAE Needs 13,000 Doctors By 2014

The country has begun an urgent recruitment drive to source thousands of new doctors.

Live! Jazz Music At The Ivy

A night at a top class restaurant and an evening of jazz music are no longer mutually exclusive.

Emirates To Repay $550m Bond

Dubai’s flagship airline will not refinance the sukuk and is expecting to repay the amount in full.

JAFZA Prices $650m Sukuk

The seven-year Islamic bond was launched at a profit rate of seven per cent, arranging banks said.

Most Expensive Cities In MENA

Beirut beats Abu Dhabi to reach the regional top spot on Mercer’s global cost of living study.

New UAE Stock Ownership Rules

The market regulator has implemented new rules on stock ownership in a bid for greater transparency.

UAE Banks May Exclude Bonds

The central bank has said it may allow banks to ignore lending limits when dealing with state-linked entities.

UAE Posts $11bn Fiscal Surplus

The UAE’s revenues rose 41 per cent to Dhs440.1 billion in 2011, mainly due to high oil prices, said IMF.

Employees Without Roots

Local firms must make staff feel at home, writes Dr. Tommy Weir, advisor on emerging market leadership.

IMF: UAE At Risk From Euro

The International Monetary Fund has warned of the repercussions the Euro crisis could have on the Gulf.

Friendi Secures Virgin Deal

The Dubai-based operator has agreed a partnership with Richard Branson’s Virgin Group, extending into South Africa.

Eurozone Deal Boosts Gulf Markets

The decision to lend Spain $125 billion should boost GCC markets at the start of the week, says Mashreq.

Tanzania Eyes UAE Investors

The African country has invited the UAE to invest in industries relating to oil and gas exploration.

DGCX Trading Up 259% In May

Trading volumes at the Dubai Gold and Commodities Exchange amounted to $32.67 billion in May this year.

UAE Health Sector In Top 20

The United Arab Emirates has secured a top 20 world spot for spending per capita in the health sector.

Kuwait’s Global In Bond Delay

The investment house is expected to get a five-month added window to repay bonds of $338.6 million.

Etihad Buys Virgin Australia Stake

Abu Dhabi-based Etihad buys a four per cent stake in the Australian airline for an undisclosed price.