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UAE

Dubai Debt Deal Imminent – Bankers

The emirate was one of the first issuers from the Gulf in 2013 with a dual tranche 10-year sukuk and 30-year conventional note.

Dubai’s Shuaa Swings To 2013 Net Profit Of Dhs2.8m

The investment bank’s annual net profit increased by Dhs62 million from a net loss of Dhs59 million in 2012.

UAE Frees American Jailed For YouTube Parody Video

Shezanne Cassim, 29, was sentenced to a year in prison in April over a “mockumentary”.

Uncertainty Over Future Running Of Abu Dhabi’s Big Oilfields

A 75-year partnership with ExxonMobil, Royal Dutch Shell, Total and BP expired on Friday.

UAE Arrests Iranians Suspected Of Kidnapping Briton In Dubai

Abbas Yazdi, a 44-year old businessman, went missing in Dubai in June.

DME Targets Asia Sales Growth In 2014

Dubai Mercantile Exchange CEO, Christopher Fix, is looking to establish DME Oman as the price benchmark for Middle East crude heading East

Irish Firm Launches Healthcare Project In The UAE

Broadmeadow Healthcare International will deliver elderly care services through partnerships with local government agencies.

Dubai Group Appoints Former Emirates NBD Banker As CEO

Ahmed al-Qassim was a director of investment banking at Emirates NBD.

4DX Cinema Launches In The UAE

VOX Cinemas has launched 4DX enabled sensory cinemas at Mirdif City Centre and Deira City Centre.

Qantas Credit Rating Slashed By Moody’s

Dubai-linked airline recently announced the loss of 1,000 jobs.

Dubai’s Victory Heights Project Completed

Victory Heights handed over 75 per cent of its phase one villas in 2010 as Dubai recovered from a property crash.

First Look: Dubai Marriott Hotel Al Jaddaf

Marriott’s latest Dubai property has short-stay executives and long-stay contract workers firmly in its sights

Just Falafel Plans 160 New Restaurants In US, Canada

The UAE restaurant chain has signed five area franchise agreements with different partners across North America.

UAE Takes Charge Of ADCO Oilfields

A current deal with ExxonMobil, Royal Dutch Shell, Total and BP expires on January 11.

Emirate Of Sharjah Raises Profile With Sovereign Credit Rating

Moody’s assigned an A3 government bond rating to the Sharjah government on Wednesday, while Standard & Poor’s rated it A.

Alitalia’s Chairman Likely To Stay On For Talks With Etihad

Roberto Colaninno said in October he would step down after a 300-million-euro capital increase, completed at the end of December.

Hiring For Expo 2020 To Begin By 2016

Construction, banking, travel and hospitality are sectors that will witness a rise in hiring activity.

Could Learning Arabic Boost Your UAE Job Prospects?

Knowledge of Arabic can provide job seekers with flexibility in the UAE’s competitive market but it will not trump skill and experience, experts say.

Emirates Launches Daily A380 Service To Switzerland

Zurich is the Dubai carrier’s 25th A380 destination.

Dubai Chamber To Open New Office In Iraqi Kurdistan In 2014

Iraq holds significant potential for Dubai businesses, says Hamad Buamim, president and CEO of Dubai Chamber of Commerce and Industry.

S&P Assigns Sharjah Sovereign Credit Rating Of ‘A’

The rating is supported by the government’s limited fiscal risks and low government debt.

REVEALED: The Best Restaurants In Abu Dhabi

Abu Dhabi’s best restaurants as ranked by the What’s On Black Hat Guide 2013.

Investors Switch To Kuwait, Oman As UAE Weakens

The Dubai index is developing a negative 14-week momentum divergence.

Emiratis Can Earn More In Private Sector – Al Mulla

Private sector can provide Emiratis more exposure and experience in their careers, says a top government official.

Noor Islamic Bank Rebrands, Removes Islamic From Name

The bank will continue to offer shari’a compliant products, but hopes to widen its appeal to customers.

UAE Public Holiday Dates For 2014

Workers in the emirates can expect a minimum of 10 days off this year.

UAE’s Credit Bureau To Start Operating In Q1 – CEO

The bureau hopes to complete agreements with banks to provide credit information and create an electronic database by the end of January.

Flydubai Firms Up Boeing Airshow Order

The confirmed $8.8 billion order, placed at the Dubai Airshow, provides the foundations for the low-cost carrier’s next growth phase.

Dubai’s Gulf Navigation Wins Approval For Turnaround Measures

Shareholders agreed to a motion at a board meeting on January 5 that the business would not be dissolved.

Emaar To Redeem $237m Convertible Bond On Feb 6

Shares of Emaar climbed 103.7 per cent last year, helped by returning confidence in Dubai’s real estate sector.