The non-financial arm of Dubai Holding, Dubai Holding Commercial Operations Group, has extended its US$555m revolving credit facility until November 30.
Share prices in the UAE for August reversed last month’s positive trend, with the banking and real estate sector posting biggest declines.
Abu Dhabi Islamic Bank has provided a AED920m (US$250m) project finance facility to help support Emirates Steel Industries’ expansion plans.
Dana Gas has discovered a well in Egypt, marking its fourth discovery in the country this year.
The results are in. Tracey Scott looks at how well UAE banks have fared so far in 2010
Tony Douglas, Abu Dhabi Ports Company CEO, talks to Tracey Scott about his plans for the capital’s world-class port island.
As renewable energy creeps to the top of the UAE political agenda, Tracey Scott talks to one local entrepreneur about his green vision and how he plans to support the capital’s eco-friendly pledge.
With the conference season fast approaching, Tracey Scott talks to HE Ali Saeed Bin Harmal Al Dhaheri, managing director of the Abu Dhabi National Exhibitions Company, about what ADNEC’s exhibition centre is offering, and how it plans to attract business into the capital.
The Securities and Commodities Authority has approved the delisting of Aabar.
Abu Dhabi National Energy Company (TAQA) faces a legal battle in the US after its former chief executive officer has claimed he was forced out of the firm last year.
The Dubai International Financial Centre is considering reducing the cost of doing business in the free zone in a bid to attract new firms into the centre.
Aabar has written to the Abu Dhabi Securities Exchange for its approval to delist from the exchange next month.
The UAE government is putting the final touches to a raft of new laws which it hopes to introduce as part of its plans to improve and modernise the current legislative system in the country.
The UAE’s total GSM subscriber base increased 15.3 per cent year-on-year to 11.72 million at the end of June 2010, the latest report from Global Investment House has revealed.
The former managing director of Dubai International Financial Centre Investments pleaded for a US$1.2bn cash injection to avoid operations coming to a standstill at the height of the financial crisis, court documents have revealed.
