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Dubai's $1.25 Billion Islamic Bond to Price Wednesday

Dubai's $1.25 Billion Islamic Bond to Price Wednesday

Dubai is planning to raise $1.25 billion from a two-tranche Islamic bond sale on Wednesday, with final price guidance for both tranches tighter than indicated initially.

April 25, 2012 2:59
 
Arabtec-Tav Group Nears $3 Billion Abu Dhabi Airport Contract

Arabtec-Tav Group Nears $3 Billion Abu Dhabi Airport Contract

An Arabtec Holding consortium that includes Greek and Turkish firms is on the cusp of securing an estimated $3 billion contract for the expansion of Abu Dhabi's international airport, four industry sources told Reuters.

April 25, 2012 2:52
 
UAE ruling family member held after reform calls

UAE ruling family member held after reform calls

Sheikh Sultan al-Qassimi, a cousin of the ruler of the northern emirate who also heads an Islamist group whose members have been targeted by security authorities, was taken from his house by armed men on Friday night and has since been held at the ruler's palace

April 25, 2012 11:03
 
Hundreds of Dubai Property Projects on Hold

Hundreds of Dubai Property Projects on Hold

Dubai's real estate watchdog has identified 291 projects that are on hold in the emirate after the property and asset bubble burst in 2009, according to information in a prospectus for a planned sovereign bond issue.

April 25, 2012 10:27
 
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