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UAE

Dubai Bourse To Hold Roadshow In London

Executives from 13 companies listed on the DFM and NASDAQ Dubai will meet investors on April 28 and 29 in London.

UAE’s Al Etihad Credit Bureau Says It’s Operationally Ready

The federal credit bureau will help financial institutions in the UAE check the creditworthiness of consumers.

Fuelling Start-Ups In The Middle East

Local initiative Turn8 is fuelling Dubai’s entrepreneurial scene with investor-demo days.

Emaar Launches Samara Villas In Dubai’s Arabian Ranches

The community will feature 177 villas in four styles.

Emirates Receives 46th And 47th A380s, Launches A380 To Gatwick

Dubai carrier’s double-decker fleet now the size of some international airlines

Over 11,000 Users Register For Dubai’s MyID Service

The service provides users access to over 250 government services.

GE Appoints New President, CEO For The GCC

Dalya Al Muthanna is the first UAE national to take on the senior position.

UAE’s IT Spending To Top $4.6bn In 2014

The public sector will account for a major chunk of business IT spending in the UAE, a new report says.

Dubai’s Able Logistics Picks Shuaa To Lead Manage IPO

Buyout firm GrowthGate Capital plans to take Able Logistics Group public on the Dubai Financial Market around the end of 2014.

Dubai Holding Unit Says 2013 Net Profit Up 178%

Dubai Holding Commercial Operations Group reported a 2013 net profit of Dhs3.3 billion.

Nakheel Awards Dhs700m Construction Contract For Warsan Project

The deal, awarded to Ginco General Contracting, covers the construction of 936 townhouses at Warsan Village.

Godolphin’s African Story Wins $10m Dubai World Cup In Track Record

Godolphin’s reputation suffered a blow last year when its former trainer Mahmood al-Zarooni was banned for administering anabolic steroids.

Why Compulsory Military Service Will Benefit The UAE

The UAE government recently ruled that all Emirati men aged 18-30 would have to serve in the military. What’s not to like, asks Damian Reilly.

Souq CEO: High Mobile Penetration In The GCC Boosting E-Commerce

The Dubai-based e-commerce site will invest part of the recent funding it received on developing its mobile technology.

Dubai’s Damac Picks Banks For Potential Sukuk Issue

The Dubai developer has appointed Barclays, Citigroup, and Deutsche Bank as joint global co-ordinators.

Dubai’s RTA Awards Construction Supervision Contract For Water Canal Project

A joint venture between US-based Parsons and Halcrow has won the deal.

Italy Sees Etihad-Alitalia Deal Decided Soon

Abu Dhabi’s Etihad Airways is in talks to acquire 40 per cent of Italy’s struggling flag carrier.

Abu Dhabi’s Hilal Bank Reports 2013 Net Profit Up 42%

The lender attributed the profit rise to growth in assets and improvement in asset quality and liability mix.

UAE Residents Say Expo 2020 Will Increase Cost Of Living

Almost 16 per cent of respondents said that they doubt if the event would deliver any benefits once completed, a new survey shows.

Etihad Airways To Raise $2bn For Deliveries In 2014

Etihad will take delivery of 18 aircraft this year that include 10 Airbus aircraft and eight Boeing planes.

Nakheel Evaluating IPO, Plans Another New Development

Chairman Ali Rashid Lootah confirms that the developer will seek a public listing once it has paid up all its debts.

Nakheel To Launch 94 Plots For Sale On Deira Islands Project

The developer is launching 15 resort beach plots and 79 waterfront hotel plots across two of the development’s four islands.

Dubai To Host Largest Incentives Group

Up to 14,500 delegates from Nu Skin Enterprises in China will visit the emirate between April 6-16.

Abu Dhabi’s Mubadala, France’s CDC Launch 300m Euro Investment Fund

The investments will mainly target equity stakes in private companies as well as other asset classes including real estate or infrastructure.

Gulf Capital To Sell Rest Of GMS Within Two Years

Gulf Capital floated approximately 40 per cent of its holding in Gulf Marine Services on the London Stock Exchange earlier this month.

Etihad-Air Serbia Deal Gets Regulator’s Nod

Etihad’s chief executive confirmed that the initial loan of $40 billion to Air Serbia will be converted to equity.

Nakheel Announces Two New Shopping Malls In Jumeirah Village

A one million sq ft mall in Jumeirah Village Triangle will feature a 15-screen cinema, a hypermarket and entertainment options.

Deutsche Bahn Joins Etihad Rail In UAE Railway Venture

The JV, Etihad Rail DB, will manage operations for the first stage of the railway.

Saudi Arabia Hanco Consortium Buys Rental Firm Byrne

Saudi Arabia’s Hanco and Bahrain’s Venture Capital Bank bought Byrne for around Dhs600 million.

Egypt’s Naeem Holding To Cross-List On Abu Dhabi Exchange

The company has given no details of the timing or size of the listing.