The new fund has a seed capital of $25 million and will invest mainly in dollar-denominated debt.
The global investment bank can exercise warrants after two years. The lender secured a loan facility for D&S last week.
Dubai World Central is set to become the new hub for business aviation.
The firm’s shares have not traded since last December when it accumulated huge losses.
Gasoil contracts secured at a high premium for Q1 next year. Price is labelled ‘crazy’ by traders.
The building’s owner issues statement of support for residents as blame circulates around building’s materials.
The plant in Ras Al Khaimah will produce one million tonnes of diammonium phosphate fertiliser a year when complete.
The Dubai-based property developer made Dhs567 million from the sale of condominiums in the third quarter.
No casualties reported as huge blaze engulfs Tamweel tower in the early hours of Sunday morning.
The famous Spanish club will have Qatar’s flagship airline on its shirt, replacing the Qatar Foundation.
The project, slated for completion in 2015, includes a luxury five-star hotel, a villa complex and a commercial centre.
The contracting firm was hit by higher costs and dropping contract revenue.
Lender in new investigation into improper payments to win a banking licence in the Kingdom.
Al Madina Real Estate says it will issue a five year $130 million Islamic bond in Q1 next year.
The lender did not provide any reason for his resignation.
HSBC Middle East is taking over Lloyds’ retail, commercial and corporate banking business in the UAE.
Kuwaiti logistics firm sees its net profit reach $34.54 million for the quarter even as it faces charges of fraud.
Abu Dhabi National Energy Company blames loss on construction costs and lower gas prices.
Private sector companies will have to pay $640 a year for each excess foreigner they employ.
The Omani telecoms operator reported a net profit of $2.6 million in the third quarter of the years.
High crude oil prices helped to boost revenue in the country, according to official data.
The UAE’s second largest lender secures loan, up from original $800 million after demand from banks.
The Middle East’s first Dreamliner aircraft arrives in Doha.
Retail must accommodate middle-class tourists’ needs as their numbers rise, say experts.
Global Investment House looks at legal options as it undergoes its second debt restructuring in three years.
The Dubai firm secures contracts in Saudi Arabia and the UAE ahead of Q3 profit announcement.
Employees in the UAE saw average wage hikes of 5.2 per cent in 2012, says new survey.
The 355-metres tall JW Marriott Marquis Hotel opens its first tower, adding 804 rooms to Dubai.
The company is also looking to expand investment and production in Iraq, its CEO says.
Any person who “derides or damages” the reputation of the state or any of its institutions online will be imprisoned.