Abu Dhabi gave Dubai's largest lender, Emirates NBD, a liquidity injection to help it absorb struggling Islamic lender Dubai Bank, ENBD's chief financial officer said on Wednesday.
February 15, 2012 2:20
Dubai will aim for economic growth of 4.5 percent this year, up from an estimated expansion of more than 3 percent in 2011, a senior economic official said on Wednesday.
February 15, 2012 2:18
The Dubai government will continue to support state-linked entities, the chairman of its Supreme Fiscal Committee said on Wednesday, two weeks after it walked away from debt talks at Dubai Group.
February 15, 2012 2:04
Dubai's port operator DP World shut down its Ain al-Sokhna port in Egypt for the second day on Monday because of labour strikes that have disrupted shipments, an official at the Red Sea port authority said.
February 14, 2012 2:44