The Abu Dhabi bank is planning a $500 million bond as an existing one to mature in 2017 yields 2.7 per cent.
The date set for banks to reduce their exposure to the government has passed with no word from the Central Bank.
As the region’s largest real estate event approaches, the man behind Cityscape Global says it will be their biggest event post-2008.
In partnership with Deutsche Bank, the new DIFC Forum will open up discussions on doing business in the MENA and Asia regions.
Abu Dhabi’s flag carrier is eyeing further minority stakes in global airlines in continuing bid to compete with local rivals.
Growth in the first eight months of the year at Abu Dhabi’s International Airport jumped 21.5 per cent.
The Dubai-based developer sold its serviced apartments marina asset to Eshraq Properties in the second quarter of the year.
Gulf Business spoke to Toby Simpson, managing director of the Gulf Recruitment Group, to find out the best way to start a new career in the hotly favoured tax-free city of Dubai.
Zabeel Investments allegedly owes $107 million to the Abu Dhabi bank which has filed for legal procedures.
The new tablet-laptop hybrid will be launched in the region next month along with the release of Windows 8.
The changes are in preparation for the UAE firm’s proposed IPO in 2013.
The publisher of the glossy will open the café in Dubai Mall later this year.
NBF will take the international bank’s seat on the UAE rate panel following Barclays’ Libor scandal.
The London-based investment fund has backed online fashion site Namshi just one year after it launched.
FGB has hired five banks for a new benchmark bond, according to sources.
The figure is down on previous forecasts blamed on a drop in oil production but 5.7 per cent growth is predicted for 2013-2016.
State-owned Jebel Ali Free Zone (JAFZA) attributed the fall in H1 profit to rising costs.
Proceeds from the issue will be used for repayment, said DEWA CEO, Saeed Mohammed al-Tayer.
Dubai’s flagship airline will begin two additional flights to the archipelago, taking its weekly number up to 13.
The country’s OPEC Governor Ali al-Yabhouni said that the UAE will work towards maintaining oil market stability.
Switzerland has lost its appeal to Gulf investors, says Eduardo Leemann, CEO of Falcon Private Bank
Mark McFarland, chief investment strategist, Private Banking at Emirates NBD, says its time for wealth preservation.
Property agents paid labourers to stand in line 48 hours before doors opened in bid to secure new prime location.
The investment bank is reducing staff in Dubai and relocating some jobs to Qatar, say sources.
Wages in the country have risen this year as Western and Asian expats demand higher packages.
United Arab Emirates are once again able to buy weapons from the European country after a previous ban following re-exported grenades is lifted.
The country’s non-oil trade reached Dhs76.6 billion in February this year, according to official statistics.
The UAE network is eyeing up new ventures into core markets, funded by a $510 million sale of its Indonesian stakes.
State-owned Tawazun Holding will build guidance weapons in Abu Dhabi in a joint venture with South African defence company.
Canadian firms have been green lit to provide nuclear energy and materials to the Gulf country as it builds four new reactors.