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NBAD prices $750m, 5-year bond |
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National Bank of Abu Dhabi (NBAD), the largest lender in the UAE by market value, priced its $750 million, five-year benchmark bond at 178 basis points (bps) over mid swaps, two banking sources told Reuters on Thursday.
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Alshaya invests $40m in Dubai’s newest mall |
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M H Alshaya, a leading retailer in the Middle East, has invested Dh147 million ($40 million) across people, property, infrastructure and marketing in the newly opened Mirdif City Centre to support its portfolio of 29 brands.
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GCC market 'to play key role in global economy' |
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The trillion-dollar GCC market will be a springboard to help the countries of the region develop as major players in the global economy, Economic Development Board (EDB) chief executive Shaikh Mohammed bin Essa Al Khalifa has said.
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Dubai art patrons honoured |
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The inaugural Sheikh Mohammed Bin Rashid Al Maktoum Patrons of the Arts Awards were presented today (March 18) to individuals and organisations who supported the development of Dubai’s art scene over the last three years.
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Qatar Traffic, IBQ launch road safety drive |
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Qatar Traffic and Patrols and the International Bank of Qatar (IBQ) have launched the second phase of the Schools without Accidents campaign with a series of new Traffic Week activities aimed at promoting road safety awareness.
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Suez Canal revenue falls 16.7pc |
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Revenue from Egypt's Suez Canal declined 16.7 percent to $2.262 billion in the period from July to December 2009, the central bank said on its website on Thursday.
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Dubai culinary event hosts Caprice restaurant |
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A popular culinary event, which hosts 20 of Dubai’s top restaurants, including some of the newest to open in the city, is featuring Rivington Grill, the first restaurant of UK-based Caprice Holdings to open in Dubai.
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Abu Dhabi forum to bolster SMEs |
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UAE’s burgeoning small and medium enterprises could get a boost at an upcoming event in Abu Dhabi that will provide a platform to help develop young entrepreneurs as well as drive innovation in new and established businesses.
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