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HuaweiDUBAI - The Dubai Electricity and Water Authority (DEWA) will announce the details of a new $2.2 billion Islamic loan refinancing next week, a top official said on Sunday.
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DUBAI - The Tiger Woods Dubai, a member of Tatweer Dubai, announced recently the signing of a new agreement with Al Nasr Contracting Company for infrastructure works at the golf course.
ABU DHABI - First Gulf Bank has fully repaid the syndicated loan of $ 750 million that it borrowed three years ago for its expansion plans.
DUBAI - Palm District Cooling has recently raised an Dh519 million bridge financing facility, company said on Sunday. This is in line with its growth strategy within the UAE.
BERLIN - An Abu Dhabi state investment fund has agreed to take a 9.1-percent stake in Germany's Daimler, the manufacturer of Mercedes Benz cars and the world's biggest truck maker, the companies said on Sunday.
DUBAI - The number of MBA applicants in the world continues to rise. Offering prospective MBA candidates the opportunity to meet face to face with the world’s top international business schools, the Access MBA One-to-One event is a unique and effective way to find the right MBA.
SHARJAH - The American Community School of Sharjah (ACS Sharjah) recently hosting its formal launch event at the Holiday International Hotel in Sharjah.
ABU DHABI - The UAE’s banking system is sound and plays a crucial role in insulating the local economy against the global financial crisis, Minister of Foreign Trade Shaikha Lubna Al Qasimi said.
LONDON - Abu Dhabi will launch a benchmark dollar-denominated eurobond following investor meetings in the US and Europe commencing this week, Citigroup, one of the arrangers of the deal said.
DUBAI - Kuwait’s Gulf Bank KSC had a net loss of 359.5 million dinars ($1.2 billion) in 2008, mainly due to exceptional losses in derivative transactions, it said in an e-mailed statement on Saturday.