Abu Dhabi says financial zone will bridge a gap
Abu Dhabi said its planned financial free zone would offer a wide range of services, from banking to fund management and…
May 2, 2013 12:47-
-
Five dead from new SARS-like virus in Saudi
Saudi Arabia said five more people have died of a deadly new virus from the same family as SARS, and two…
May 2, 2013 12:07 -
Emaar boss says “flipping” needs to be controlled
Emaar Properties, Dubai‘s largest property developer, expects its real estate business to increase drastically, and its recurring income will also grow,…
May 1, 2013 2:44
-
Dubai Groups Agree To Develop Big Downtown Complex
The Meydan Group and the Sobha Group, two conglomerates in Dubai, said on Wednesday they had agreed to form a joint venture to…
May 1, 2013 11:41 -
Dubai International soars past five million passengers
Passenger traffic at Dubai‘s main airport exceeded 5 million people for the fourth straight month in March, jumping 20.6 percent from…
April 29, 2013 4:14 -
Dubai Court Jails Britons For Four Years On Drug Charges
Three Britons were sentenced to four years in jail on drugs charges in Dubai on Monday, a day after the British prime…
April 29, 2013 2:58
-
Britain’s Cameron ‘concerned’ about torture allegations
Prime Minister says they continue to press for a full and independent investigation into UAE's torture claims
April 29, 2013 10:22 -
Abu Dhabi plans its own financial free zone
One of the country's most successful free zones is the Dubai International Financial Centre.
April 28, 2013 5:33 -
Etihad says it will partner with Air Canada
The United Arab Emirates reinstated a visa waiver for Canadian citizens in April which it withdrew amid a dispute over landing rights more than two years ago.
April 28, 2013 8:51
-
Saudi Arabia May Confiscate Unused Land For Housing-Minister
Saudi Arabia’s housing minister said urban land left undeveloped could be confiscated to build much-needed homes, local media reported on…
April 28, 2013 8:47 -
Dubai’s Mashreq Capital Plans $100 Million Islamic Equity Fund
Dubai-based Mashreq Capital plans to set up an Islamic equity fund of up to $100 million in the third quarter of this…
April 25, 2013 1:11 -
UAE’s Dana Gas shareholders approve sukuk restructuring
Under the plan, the company will repay $70 million in cash, with the remaining $850 million split equally between two new five-year sukuk – an ordinary Islamic bond and a convertible sukuk
April 24, 2013 6:58
-
Barclays’ senior Mena financial institutions banker departs
Dubai-based Helou left the bank few weeks ago, the sources said, speaking on condition of anonymity as the matter is not public. Both Barclays and Helou were not immediately available to comment on why he left and his plans for the future.
April 24, 2013 6:57 -
Currency shortages hit Vodafone’s Egyptian business
For now, Vodafone Egypt had been obliged to "significantly" rein in its network improvement and expansion plans in the past three months, namely upgrading base stations to high-speed, third-generation networks.
April 24, 2013 6:55 -
Etihad confirms 24 percent stake in Jet Airways for $379 million
Jet's majority ownership will remain with Indian nationals and Jet's founder and non-executive chairman, Naresh Goyal, will hold 51 percent of the airline after the deal, which is subject to shareholder approval, the statement added.
April 24, 2013 6:54
