Shuaa bonds 'convertible'The bonds that UAE investment bank Shuaa Capital will sell to state-controlled Dubai Banking Group will be convertible into Shuaa's stock after one year, Shuaa's chief executive Iyad Duwaji said. The bonds will carry a coupon of six per ce More… |
Abu Dhabi, Spain ink key dealThe emirate of Abu Dhabi and Spain have signed a Memorandum of Understanding (MOU) on technical co-operation in the fields of renewable energies, transport, environment and tourism. The agreement was signed during the official visit of Jo More… |
UAE to build hospital in LebanonThe UAE has reached out to South Lebanon to build the first specialised hospital which is expected to serve over 35,000 villagers. The health facility is being executed as part of the UAE Project for Support and Reconstruction of Lebanon w More… |
Savola nets $187m from Egyptian stake saleSaudi conglomerate Savola said it had sold its 30 per cent stake in Egyptian Fertilisers Company to Abraaj Capital of the UAE for more than double its acquisition price. 'The group (Savola) managed ... to sell its entire 30 per cent stake More… |
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Dubai stocks in demandForeign investors have increased their transactions on the Dubai bourse. Dubai Financial Market said the value of shares bought by foreign investors, or non-UAE nationals, during the 4th week of May 2007, reached Dh4 billion, comprising 30 More… |
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Deyaar launches towers at Business BayDeyaar has announced the launch of two exclusive residential towers at Business Bay - Mayfair Tower and Mayfair Residency. The over Dh360 million endeavor follows the phenomenal success of recently launched projects that were swiftl More… |
