Shareholders of Qatar's United Development Company (UDC) approved on Tuesday a government-backed strategic shareholder to take a $440 million stake in the builder of the man-made Pearl island project, the company said in a statement.
February 29, 2012 1:37
A disgruntled shareholder group has sought a court injunction to block Norwegian oil company DNO's takeover of Emirates-based RAK Petroleum, a legal manoeuvre analysts said had little chance of success.
December 12, 2011 1:27
Meanwhile, other hotel execs ask “What financial crisis?” as Jumeirah expansion proceeds apace.
September 28, 2008 1:22
The Morgans Hotel Group has rejected a $1.4bn offer from Dubai-based Zabeel. With investors angry, is it setting the stage for conflict?
September 10, 2008 10:22