Home UAE Dubai

Dubai

Dubai Bourse To See Further Listings By Year-End – Chairman

DFM chairman Essa Kazim said that the bourse expects to receive one more listing before the year-end.

Dubai’s Emaar Malls Group Jumps 20% On Listing

Emaar’s shares, which were sold at Dhs2.90 in the heavily oversubscribed IPO, rose to Dhs3.49 on the market.

Budget Airline AirAsia Considers Flying Into Dubai -Group CEO

The group’s chief executive said that he was not currently looking to set up an affiliate in Dubai, but it could be a possibility in the future.

Dubai Financial Regulator Seeks To Wind-Up Local Arm Of Espirito Santo

The Portuguese financial group’s problems have been escalating since accounting irregularities were identified at one of its holdings earlier this year.

Dubai Lender ENBD Raises Debut New Zealand Dollar Bond

The bond represents the cheapest five-year funding raised by Emirates NBD in the last six years.

Nakheel Awards Dhs120m Infrastructure Contract For Al Furjan To Dubai Firm

The contract is for work in Al Furjan Phase 2 and covers the construction of 16km of roads at the community.

Dubai Chamber Of Commerce Opens Ghana Office

The office adds to DCCI’s presence in the Ethiopian capital Addis Ababa.

Dubai World Agrees Restructuring With Largest Creditors

Under the new deal, the repayment date of the biggest chunk of debt under Dubai World’s $25 billion restructuring would be extended.

Revealed: Top Five Affordable Areas To Rent In Dubai

The areas that command the least residential rental rates in Dubai, as compiled by propertyfinder.ae.

Emirates Starts A380 Dallas Flights

New daily A380 service to Texas city dovetails with Qantas’ new superjumbo flight from Sydney

dirhams

Dubai’s ICD Exploring Investment Opps With Africa’s Dangote

The statement follows the Investment Corporation of Dubai’s stake purchase in Dangote Cement in September for $300 million.

UAE’s TRA Warns Against Fake iPhone 6 Units

The regulators warnings come after a number of fake iPhone 6 handsets were confiscated from various locations across the UAE.

Emirates Signs 10-Year Management Deal With Angola Flag Carrier

Dubai carrier appoints senior managers but will provide no equity.

Mohammed Bin Rashid Foundation JV Launches Lifestyle Project In Dubai

As per the deal, MBRF will extend part of its land bank to newly launched developer Nshama to build an integrated community project at a central Dubai location.

State-Owned Dubai Development Seeks Merger, Acquisition Options

Listed on the DFM in 2007, the Dubai-based company was formed in 1975 to support the city’s residential development.

UAE’s Amanat Holdings To Open Dhs1.4bn Dubai Share Sale On Oct 20

Amanat will use the funds raised from the offering to establish companies in the healthcare and education sectors.

Dubai’s Emaar Properties’ Malls Unit IPO Priced At Top Of Range

Shares in the Emaar Malls Group IPO were priced at Dhs2.90 per share, giving an overall sale value of Dhs5.8 billion.

Pictures: Nakheel’s Upcoming Dhs150m Palm Jumeirah Boardwalk

The developer has awarded a contract for the project to Overseas AST Company.

Dubai’s DMCC Launches Health Insurance For Member Firms

The free zone said that its health insurance solution has been tailored to suit its members so that smaller firms can experience the benefits that are usually available to large corporates.

Dubai Tops List Of Billionaire Cities In The Middle East

The city has 34 billionaires with a combined wealth of $79 billion, says new report by Wealth-X and UBS.

Real Madrid And AC Milan To Play In Dubai On December 30

Football fans set to flock to Sevens Stadium to see two giants compete in Dubai Football Challenge

Dubai’s Emirates NBD To Price NZ Dollar Bond On Monday

The bank has set initial price thoughts for the $77.6 million issue of five years duration at 165 basis points over New Zealand midswaps, the document showed.

PepsiCo Opens Food And Beverage Innovation Centre In Dubai

The new innovation centre will help develop products that will cater to the tastes of the local market and boost regional sales, the company said.

Interview: Damas CEO On The Jeweller’s Re-Rise In The UAE

Exclusive: Anan Fakhreddin reveals how the company is rebuilding itself after hitting rock bottom in one of Dubai’s largest business scandals.

Transport App Uber Launches Two New Services In Dubai

A new affordable option, uberX and a corporate account service, Uber for Business, will now be available in Dubai.

Majid Al Futtaim To Partner With British Firm AllSaints For Regional Stores

MAF-Fashion will begin the roll out of the AllSaints stores across the GCC in 2015, a statement said.

Emirates NBD Says 50% Of Emaar Malls IPO Subscribers Opt For Digital Channels

The bank said 2,900 applications for shares in the Emaar Malls IPO came via its ATM and newly launched eIPO platform.

RTA To Launch 35 New Mega Projects In Dubai

Dubai’s public transport agency will work on projects such as extension of the Dubai Metro’s red line, a major upgrade of roads leading to the expo site and a wider bus network.

Dubai’s Marka Jumps 59% In First DFM Flotation Since 2009

The firm raised $75 million, 55 per cent of its capital, in April via an offer that was 36 times subscribed.

Nakheel Opens New Community Mall In Discovery Gardens

Discovery Gardens Pavilion has nearly 30 shops, a medical centre, a nursery, restaurants and cafes along with a Geant Easy supermarket.