The United Arab Emirates' central bank could grant exemptions to some banks over planned lending limits to sovereign and state-linked entities, pushing compliance beyond the September 30 deadline, its chairman told a local newspaper on Wednesday.
May 31, 2012 11:38
Oil storage capacity in the UAE’s port of Fujairah is expected to rise to around 7.8 million cubic meters by…
May 22, 2012 3:28
Oil storage capacity in the UAE’s port of Fujairah is expected to rise to around 7.8 million cubic meters by…
May 22, 2012 9:34
Airport retailer Dubai Duty Free has increased the size of a multi-tranche loan facility it is currently raising to $1.5…
May 22, 2012 9:20
DIFC Investments, the investment arm of the company running Dubai’s financial free zone, is close to securing a $1 billion…
May 22, 2012 9:11
Dubai contractor Drake & Scull , which has shifted its focus abroad after a slowdown in the United Arab Emirates’…
May 22, 2012 9:09
Refinancing the debts of the United Arab Emirates’ government-related entities (GREs) remains a challenge made more difficult as European banks…
May 22, 2012 9:06
The recent tightening of international sanctions against Iran are expected to only have a “moderate” impact on the economic growth…
May 21, 2012 8:54
The United Arab Emirates needs to develop rules and institutions allowing banks to control and oversee mortgages effectively, which would help manage risks and encourage property lending.
April 5, 2012 1:53
Emirates Aluminium (Emal), a joint venture between Abu Dhabi's Mubadala and Dubai Aluminium (Dubal), is looking to double its exports to the United States by the end of 2012 as demand from the automotive industry rises, it said on Wednesday.
March 21, 2012 2:06
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
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
In a move to enhance consumer access to finance and boost its loan portfolio, Emirates NBD launches three new variants of its personal loan offering to customers.
March 11, 2012 1:14
From bringing your pet to work to playing with Legos for a living, Kipp looks at the top 6 coolest places to work.
March 5, 2012 5:22
Price guidance for a 3-year benchmark yuan bond from Dubai lender Emirates NBD is in the 5 percent area with final pricing expected later on Monday, leads said.
March 5, 2012 1:20