The amount, secured from a unit of Standard Chartered Bank, will be used to buy two new aircraft.
A majority of JAFZA’s stakeholders have consented to the early redemption of the Sukuk, due in November.
Imported meat ban is lifted as UAE’s Ministry of Environment and Water signs new agreement.
The country is ranked 19th in the World Economic Forum’s Global Enabling Trade Report this year.
UAE telecoms operator Etisalat will reduce international call tariffs from the second half of 2012.
Mohammad Kamran will head up two of Emirates NBD’s subsidiaries including Capital Limited.
The social network eyes regional advertisers as a new source of investment following the firm’s IPO last week.
Gulf Business takes a look at several Arab-funded football clubs and picks a fantasy team purely of Arabian funding.
The Abu Dhabi National Energy Company (TAQA) is studying energy investments in Turkey.
Digital Domain Media Group is opening up an animation and visual effects studio in Abu Dhabi’s twofour54.
The airport retailer has increased the size of its loan facility because of high demand, an official has said.
DIFC Investments close in on a $1 billion dollar loan to refinance an upcoming sukuk maturing in June.
Gulf Business rounds up ten indicators that show that the emirate is back on the growth trajectory.
Four banks have been chosen as advisors for the proposed merger been Aldar and Sorouh, according to sources.
A deal for a new Islamic bond from DIB is being arranged by a host of local and global banks.
Exclusive: Al Ghurair says UAE will not see pre-2008 profits for the foreseeable future.
The contract will be an oil and gas project to build a pipeline in Basra, said the company’s CEO.
The fund, launched by NBAD and Khalifa Fund for Enterprise Development, targets Emirati entrepreneurs.
The country’s non-oil trade increased to Dhs927.7 billion in 2011, according to official statistics.
ADNOC’s highest ever offers for naptha contracts are likely to influence Saudi Aramco talks
Financing has been secured for the new project on Dubai’s Palm Jumeirah, said Nakheel’s chairman.
The UAE government will settle the personal loans of citizens whose debts are less than Dhs5 million.
The contracts are part of Dubai’s Dhs1 billion five-year plan to improve internal roads in the city.
UAE, Bahrain and Qatar have urged their citizens not to travel to Lebanon as Syria unrest spreads.
According to the IMF, UAE’s state-related entities have a “significant” amount of debt maturing in the next few years.
Gulf Business reveals the top five UAE real estate firms based on profit gains in the first quarter of the year.
Average lease rates for villas in the city increased by three per cent during the first quarter of the year.
The bank said that it expects loans to the UAE’s SME sector increasing by 20 per cent this year.
The UAE healthcare provider said that revenues rose 18 per cent to $166.4 million during the period.
The UAE-based construction firm posted a 15.6 per cent drop in its first quarter net profit.
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