The Islamic mortgage lender picks ADCB, Emirates NBD and UBS for meetings on asset-backed Sukuk.
The Dubai-based airline announced that it has repaid its Islamic bond on maturity date.
Crown Prince Nayef’s funeral was attended by members of the al-Saud ruling family and heads of Arab states.
Heir to the throne Crown Prince Nayef bin Abdulaziz al-Saud has passed away outside the Kingdom.
Deflation in the emirate reduced to 1.2 per cent last month, mainly driven by a weak housing market.
DIFC Investments raised money through a syndicated facility to help repay the Islamic bond.
The country has begun an urgent recruitment drive to source thousands of new doctors.
The deadly blaze in a shopping mall in Doha last month killed 19 people, including 13 children.
Kuwait Investment Authority is reportedly planning to invest in Malaysia’s IHH Healthcare’s $2 billion IPO.
Officials say new laws are needed to prevent misuse of social networking tools in the country.
Luxury retailers in the emirate are hiring Cantonese and Mandarin speaking staff to cater to Chinese visitors.
Dubai’s flagship airline will not refinance the sukuk and is expecting to repay the amount in full.
Officials have confirmed that expatriate residents need to provide tenancy contracts and utility bills to renew visas.
Camelicious’ umbrella company has revealed huge growth in sales since its inception.
The seven-year Islamic bond was launched at a profit rate of seven per cent, arranging banks said.
Flagship airline group seeks to recruit more nationals and promote Emiratis into management roles.
The Kingdom’s cabinet has approved authorities to hold discussions with Turkey for a joint electricity grid.
Political uncertainty has resulted in economic uncertainty for the country as markets drop.
Capivest, Elaf Bank and Capital Management House are in talks to form one new bank with larger assets.
Ahmed al-Rujaib steps down from social affairs and labour post just one month after finance minister left.
The market regulator has implemented new rules on stock ownership in a bid for greater transparency.
Concerns about the Eurozone debt crisis pushed crude oil prices towards its lowest so far this year on Tuesday.
The central bank has said it may allow banks to ignore lending limits when dealing with state-linked entities.
Saudi Prince Alwaleed’s Kingdom Holding has reportedly chosen two banks to manage its debut bond.
The UAE city has ranked as the safest place in the Middle East to do business, and 29th in the world.
The mobile operator plans to launch a 4G broadband service, four times faster than it’s current speed.
Dubai Properties Group’s new board will set up its long-term business strategy and oversee implementation.
The UAE’s revenues rose 41 per cent to Dhs440.1 billion in 2011, mainly due to high oil prices, said IMF.
The International Monetary Fund has warned of the repercussions the Euro crisis could have on the Gulf.
The Dubai-based operator has agreed a partnership with Richard Branson’s Virgin Group, extending into South Africa.