Citigroup has been tapped to advise Dubai's main industrial free zone operator on its options for meeting a $2 billion Islamic bond maturity this year, including the potential sale of its UK based developer Gazeley, three sources said on Monday.
February 28, 2012 2:38
Tanker movements in and out of the United Arab Emirates' Jebel Ali port were stopped early Sunday as strong winds caused a thick sandstorm, an official at the port said on Sunday.
February 26, 2012 11:27
JAFZA not looking for government support; Cannot rule out option of asset sales
December 7, 2011 12:51
Potential government support for Dubai World unit Jebel Ali Free Zone (JAFZA) to meet its $2.04 billion Islamic bond maturity next year is less likely due to a more complex legal structure, a Standard & Poor's' analyst said on Thursday.
November 17, 2011 3:32
Etihad Rail, the developer of a railway network in the United Arab Emirates, will launch the second phase of its $11 billion project in a "few weeks" with contracts to be awarded by the third quarter next year, its chief executive said on Tuesday.
November 16, 2011 2:03
Dubai's government-related entities (GREs) can pay down or refinance nearly $14 billon in debt maturing next year with relative ease, according to a report by investment bank JP Morgan.
October 15, 2011 4:07
The country has been witnessing…
August 2, 2009 2:01