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HuaweiDUBAI — The Dubai real estate market will likely remain under pressure for at least three more years, and consequently, corporates may face significant refinancing risks given upcoming debt maturities, Fitch Ratings warned in a report on Sunday.
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DUBAI — UAE bourses on Sunday opened the week on a mixed note in thin trade. The Dubai Financial Market fell into negative columns while Aabar Investments boosted the positive sentiment at Abu Dhabi Securities Market.
DUBAI - Flydubai, Dubai’s first low-cost airline, has launched services to its first Iraqi city, with the inaugural flight landing in Erbil late on Friday. Erbil, Iraq’s third largest city, is the 22nd destination of the airline and the first in its second year of operations.
ABU DHABI - Abu Dhabi Aircraft Technologies, or ADAT, the Middle East’s largest independent aircraft technical solutions provider, has secured a ten-year contract from flydubai to provide maintenance services for various fast track components of the airline’s growing fleet of Boeing B737 aircraft.
DUBAI - Anthony Parkes, Director of the World Chambers Federation, or WCF, ICC’s global network of chambers of commerce, concluded his four-day site inspection of Dubai as a follow up to Emirate’s bid to host the 8th World Chamber’s Congress in 2013.
ABU DHABI — The Influx of investments by small and medium enterprises (SMEs) in newer and more sophisticated technologies is driving a significant expansion of the Information and communication technologies (ICT) sector in the UAE, according to top officials of Allied Telesis, a leading IT solutions provider in the region.
DUBAI — Pharmaceutical company Merck Serono strongly believes in the potential of the UAE market to further enhance its business, its top official for the Middle East said.
DUBAI — United Arab Bank (UAB) maintained its earnings momentum recording net profit growth of 5.3 per cent to Dh141 million for the first six months, compared to Dh134 million the bank earned during the same period last year .
DUBAI — UAE-based jeweller Damas International expects to sign an extension with lenders to its standstill agreement on $872 million of debt by the end of next week, its chief executive said on Thursday.
DUBAI — Emirates Integrated Telecommunications Company,