Dubai's government hopes its first 15-year sukuk issue - an unusually long tenor for an Islamic bond - will pave the way for long-term debt sales by its state companies, the Department of Finance said.
Dubai drew $2.3 billion
Key decision-makers from 21 airport operators, civil aviation authorities, airlines and flight caterers from nine countries will take part in the inaugural Travel Catering Expo (TCE) in Dubai next month.
The event is co-located wi
Dubai’s Noor Bank has reported record net income of Dh85 million ($23 million) for first quarter 2014, up from Dh31 million for first quarter 2013, marking an increase of 174 per cent.
Return on equity improved to 14 per cen
Qatar's bourse hit an all-time closing high on Tuesday as shares in several companies jumped ahead of first-quarter earnings reports, while Dubai's bourse broke through resistance to close above 5,000 points for the first time since Augu
Imdaad, a leading provider of facilities management (FM) solutions, has joined the Careers UAE 2014, the latest edition of the recruitment and training event for UAE Nationals, to bolster its efforts to get more Emiratis into its work force.
Emaar Properties, recorded a net profit of Dh863 million ($235 million) during the first quarter (Q1) of 2014, marking a 55 per cent increase over the Q1 2013 net profit of Dh556 million.
It is also 14 per cent higher than the fou
Arabtec Holding, a leading engineering and construction group of companies, is showcasing projects worth Dh14 billion ($3.8 billion) at Cityscape Abu Dhabi, through its newly launched subsidiary, Arabtec Properties.
The government of Dubai plans to sell a benchmark-sized sukuk with a lifespan of 15 years on Tuesday, a document from lead managers said.
Initial price thoughts on the Islamic bond have been set between 5 and 5.125 percent, the do
Dubai has been chosen as the first Middle East city to host the Project Management Institute’s Global Congress.
The opening session of the congress will focus on the extensive planning and preparations for World Expo 2020 fr
Real estate in the UAE is becoming more expensive with every passing quarter and the sector continues to show signs of a strong seller’s market, according to a study by Bayut.com.
As the cities grow outwards, secondary areas