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Dubai's Tamweel picks banks for roadshows; sukuk may follow

Dubai’s Tamweel eyes $235 million mortgage-backed sukuk

Tamweel, a unit of Dubai Islamic Bank, has not disclosed a target size for the proposed sale. It kicked off investor meetings on Tuesday in Abu Dhabi and roadshows are due to end on June 25.

June 20, 2012 10:20
 
Abu-Dhabi

Abu Dhabi’s IPIC 2011 net profit slumps to $44.7 million

Abu Dhabi's International Petroleum Investment Company (IPIC) reported a net profit of $44.7 million on Wednesday, down from $1.3 billion in the prior-year period, as market volatility and currency exchange risks weighed on profitability.

June 13, 2012 5:48
 
Abu-Dhabi-Airport

Abu Dhabi Airports Co board revamped

Abu Dhabi has appointed a new board to lead its airport operator Abu Dhabi Airports Co (ADAC), the state news agency reported on Sunday, the latest in a series of management changes that began last year in the oil-rich emirate.

June 11, 2012 10:19
 
UAEs-Aldar-Sorouh-merger

UAE’s Aldar, Sorouh in due diligence on potential merger

Due diligence has begun on the potential state-backed merger of indebted Abu Dhabi developer Aldar Properties and smaller rival Sorouh Real Estate , the two firms said on Sunday.

June 10, 2012 5:53
 
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