With revenues up 10 per cent to Dh18.7 billion in 2011, Majid Al Futtaim Holding (MAF) achieved its best results since inception in 1992. “In particular, strong performance in Dubai helped to offset any softness resulting from regional turmoil,” Iyad Malas, CEO of Majid Al Futtaim Holding, which launched a $1 billion (Dh3.67 billion) sukuk this month, said. It followed a $2 billion Reg S EMTN programme filed with the London Stock Exchange last June. More >

Dubai’s Emaar Properties, the emirate’s largest real estate developer, has put up its crown jewel asset – Dubai Mall – to secure $1 billion of lending to help refinance upcoming debt amid difficult funding conditions. More >

Dubai has for the first time raised the prospect of restructuring some bonds next year as the emirate and its state-related companies face a wall of $10bn in debt repayments. More >

Passenger traffic at Dubai International Airport grew by 7.3 percent year-on-year in October despite a drop in travelers for the Middle East region due to the ongoing political unrest, operator Dubai Airports said. More >

The Boeing 787 Dreamliner will make its first appearance in the Middle East at the Dubai Air Show this week after entering scheduled service in Japan last month, more than three years later than initially planned. More >

Dubai’s Emaar Properties is in the process of raising around $700 million from banks, its chairman told local television on Monday. More >

Dubai International Capital , the private equity arm of Dubai Holding, has sold hotel operator Ishraq Dubai to diversified firm Almulla Group, the latest disposal in its drive to cut its $2.6-billion debt pile. More >

Twelve per cent of Dubai’s energy will come from nuclear power by 2030, Saeed Al Tayer, Vice-Chairman of the Dubai Supreme Council of Energy, said on Monday.

But Al Tayer also said that Dubai did not plan to build nuclear power plants of its own but would import power from other nations. More >

Trading of Dubai Gold Securities (DGS) on Nasdaq Dubai rose to 6,075 securities in August, a 230 per cent increase from 1,840 in July, and up from 636 traded in the whole of the first half of the year, Nasdaq Dubai said in a statement. More >