DUBAI - Bank of America, Merill Lynch has initiated coverage of Abu Dhabi-based Aldar Properties with an “overweight” rating on its $1.25 billion five-year bond issued in May with a fixed coupon rate of 8.75 per cent.
DUBAI - Bank of America, Merill Lynch has initiated coverage of Abu Dhabi-based Aldar Properties with an “overweight” rating on its $1.25 billion five-year bond issued in May with a fixed coupon rate of 8.75 per cent.
DUBAI - The Middle East practice of Ernst & Young has announced new senior leadership appointments.
DUBAI - Etihad Holidays, a division of Etihad Airways, continues to offer fantastic packages to Cyprus with the beautiful Mediterranean island set to become one of its leading destinations.
DUBAI - UAE shares ended mixed in lacklustre trade on Thursday, with Dubai giving up early session gains to hit a seven-week low, and Abu Dhabi barely changing, as investors were unwilling to take firm positions in the run-up to the second quarter
earnings results.
DUBAI - Recession does not matter when it comes to Danube, a UAE-based building materials company, as it opened a new retail complex worth Dh55 million in Jeddah, Saudi Arabia.
DUBAI - Dubai Properties Group, or DPG, a member of Dubai Holding, announced its initiative of setting up an Al Noor Tuck Shop received an overwhelming response during its three day run at the DPG Headquarters in Dubai Internet City.
DUBAI - Singapore remains a popular destination for Middle East travellers, with a record number of travellers visiting the city-state in the first five months of the year, the Singapore Tourism Board said 
on Thursday.
DUBAI - Global marine terminal operator DP World has signed a new 15-year operating lease extension at Port Botany in Sydney, Australia.
DUBAI - Private yacht-building company Abu Dhabi MAR said on Wednesday that it has bought a majority stake in German shipbuilding company Nobiskrug’s shipyard in Rendsburg.
DUBAI - Gold jewellery sales in Dubai are down around 30 per cent in June on a year ago, as high prices of the metal and the economic downturn deter tourists from visiting the emirate, five jewellery retailers told Reuters.