Dubai closed a $800 million financing deal with lenders based on securitizing road toll receipts, London-based Middle East Economic Digest (MEED), reported on Tuesday. The loan, which will be used to fund infrastructure projects, received a strong response from lenders,...
Emirates is investing in a wide-body jet fleet including 90 Airbus SAS A380 Super-jumbos worth $34bn at list prices and financing the planes isn't a concern as it's fully funded through July 2012. The Airbus A380 superjumbo jet is with...
UAE is under review for a potential upgrade to an emerging market status by Standard & Poors, an executive said, a coveted status seen boosting foreign fund inflows to the region. The Gulf countries are currently classified as "frontier" by...
Arabtec Construction, a wholly owned subsidiary of Arabtec Holding, the contractor behind Burj Khalifa, led momentum on the Dubai Stock Exchange as Arabtec Construction gained its highest point in two months. The ban on Riad Kamal, a chief executive officer...
Tyco International Ltd. completes acquisition of 75 percent stake in UAE-based KEF Holdings. KEF Holdings is an integrated valve manufacturer and provide steel castings to oil and gas, chemical, mining, and power industries. With this investment, Tyco gets a platform...
Bank of Sharjah, which was the first Middle Eastern financial institution to borrow from the loan market following the global financial crisis, has mandated banks for a two year money deal. It is refinancing the $150m one year loan it...
The recharge scams have become a nuisance for phone users in the UAE. Between December 2010 and April this year, several people lost huge amount of money. While victims blamed the telephone companies, the phone companies pointed fingers at banks....
The Enforcement Directorate (ED) has been slapped a 7,100 crore penalty on Etisalat DB India for violating the Foreign Exchange Management Act (FEMA). The firm is issued a show cause notice for not reporting funds from abroad to the Reserve...
Dubai the once business hub and God of dream projects in real estate market in now facing a serious catastrophic break down. Property prices in Dubai is dropped upto 48 percent since last year and another 20percent is expected...
Incredible growth opportunities for UAE's Conferences and Events Industry Special to ArabianGazette.com: by Shveta Pathak Ludhiana, an industrial city located in the North of India, is home to some of the top names in the business world- Munjals of the two...