Bids invited for new road to link Abu Dhabi and Dubai
Feb 6th
The Department of Transport (DoT) has invited bids for the construction of a new 62km-long Abu Dhabi-Dubai dual carriageway, it was announced here on Monday. More >
Dubai Duty Free Tennis Championships will reap benefit
Jan 30th
Maria Sharapova probably was the people’s choice, in the Australia Open women’s final. The amiable Russian may be the most popular player on the women’s tour, and with a victory she would win her fourth grand slam title and complete an inspirational comeback from career-threatening shoulder surgery. More >
Strong Dubai operations fuel MAF revenues
Jan 23rd
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 >
Emaar draws on Dubai Mall to secure $1 bln in financing
Dec 19th
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 eyes refinancing of $10bn in state debt
Dec 5th
Dubai airport passenger traffic up 7.3%
Nov 28th
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 >
Dubai a Vital Hub for Aircraft Sales
Nov 14th
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 leads markets down
Oct 31st
The Dubai Financial Market General Index led UAE shares lower amid speculation Sunday’s gain was overdone and after Abu Dhabi’s Aldar Properties announced job cuts. More >
Dubai’s Emaar raising $700 mln from banks
Oct 24th
Dubai’s Emaar Properties is in the process of raising around $700 million from banks, its chairman told local television on Monday. More >
Dubai Holding’s DIC sells hotel operator Ishraq
Oct 3rd
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 >
