Dubai « 9/73 « | Kippreport.com

When reality TV hits hard

Are you really ready for the camera and the spotlight? You better know what you’re doing before you get your 15 minutes of spotlight.

March 14, 2012 4:20

UAE 2012 inflation won’t exceed 2 percent

Inflation in the United Arab Emirates in 2012 is not expected to exceed 2 percent, the economy minister said on Wednesday.

March 14, 2012 1:48

US hedge fund wins claim against Dubai’s DryDocks

A US-based hedge fund said it has won a $72 million legal claim against Dubai's Drydocks World for defaulting on a loan, putting the ship builder's $2.2 billion debt restructuring in further trouble.

March 14, 2012 1:39

The best city to live in the Arab World

Saneou Al Hadath releases its annual best cities to live in report—don’t hold your breath on finding out who ranks number 1.

March 13, 2012 3:58

UAE lender Emirates NBD plans 15 percent staff cut

Emirates NBD, Dubai's largest bank which has been grappling with impairments, plans to lay off up to 15 percent of its workforce, three sources familiar with the matter said on Monday.

March 13, 2012 2:22

Dubai Holding eyes sale of remaining stage in Axiom

Dubai Holding, the conglomerate owned by the ruler of Dubai, is considering a sale of its remaining 26-percent stake in local mobile phone retailer Axiom Telecom, three sources familiar with the matter said.

March 13, 2012 2:18

Dubai contractor Drake wins $230M Algeria contract

Dubai contractor Drake & Scull, which has shifted its focus to other regional markets after a slowdown in the United Arab Emirates' property sector, has won a 845 million dirham ($230 million) contract in Algeria, it said on Tuesday.

March 13, 2012 2:08

Middle East airlines ‘unstoppable’ – Emirates Executive

A top Emirates executive has delivered a warning to Europe's struggling airlines that they could lose more business to booming Middle East carriers as they pay the price of years of political neglect.

March 12, 2012 3:49

Dubai eyes sale of Essex House Hotel

Dubai Group, the state-owned investment firm in the midst of a $10 billion debt restructuring, is weighing a potential sale of its prime Manhattan-based real estate property Jumeirah Essex House hotel, it said on Monday.

March 12, 2012 1:46

Dubai unveils softdrink in Berlin to promote tourism and business

The Dubai Department of Tourism and Commerce Marketing (DTCM) has utilised its strong participation in the world’s leading travel trade show in Berlin to promote Dubai as a business and leisure destination by launching a slew of initiatives.

March 11, 2012 1:17

Dubai tumble underlines risks in Gulf stock

A plunge in Dubai stocks this week underlined the risks behind the Gulf's equity market rallies, although most analysts do not think Dubai's drop marks the start of any extended downtrend.

March 10, 2012 5:10

Drydocks World eyes repaying $2.2B debt in 5 years

Shipbuilder Drydocks World, a unit of Dubai World, has proposed repaying creditors in five years and is seeking more working capital as it tries to restructure a $2.2 bln loan facility, ending lengthy and complex debt talks.

March 10, 2012 4:55

Dubai’s Arabtec’s Q4 profit surges

Dubai builder Arabtec , in which Abu Dhabi's Aabar Investments upped its stake recently, saw a three-fold rise in its fourth-quarter net profit, handily beating analyst expectations.

March 8, 2012 3:37

Leaver steps down as CEO of Dubai Oil Exchange DME

The chief executive of the Dubai Mercantile Exchange (DME), Thomas Leaver, has stepped down after four years at the helm of the largest energy futures exchange in the Middle East.

March 7, 2012 2:14

Flying Shoppers: Dubai hopes airline passengers could ease its debt burden

With its bank credit scarce, Dubai is planning to raise at least $500 million by issuing bonds secured against future revenues of Dubai Duty Free. Will shopping save the day?

March 6, 2012 2:18