DUBAI - India’s largest bank, State Bank of India (SBI), on Wednesday said its group companies — SBI Mutual Fund and SBI Life — would soon launch operations in the UAE.
DUBAI - India’s largest bank, State Bank of India (SBI), on Wednesday said its group companies — SBI Mutual Fund and SBI Life — would soon launch operations in the UAE.
ABU DHABI - The Abu Dhabi Economic Forum will be held on March 2 at the Emirates Palace Hotel. The Forum, known as ADEF-2009, will be hosted by the Department of Planning and Economy of Abu Dhabi, in collaboration with Al-Iktissad Wal-Aamal (Business and Economics) Group and the Abu Dhabi Chamber of Commerce and Industry.
BAGHDAD - Iraq’s Oil Ministry and British firm Mesopotamia Petroleum Company will sign a joint venture deal on Thursday to drill 60 new oil wells a year, starting with oilfields around the southern city of Basra, an official said.
DUBAI - World Gold Council (WGC) announced on Thursday the appointment of Anan Fakhreddin as Managing Director, Middle East and Turkey with effect from 1 March, 2009.
DUBAI - A Shariah compliant tradeable security backed by gold will be launched in Dubai next week, sources familiar with the plan said.
DUBAI - The UAE has estimated total debt obligations of $142 billion, of which $24 billion is due for repayment this year, a research report by Bank of America and Merrill Lynch revealed.
DUBAI - The organiser of the Dubai International Boat Show said that 20 per cent of this year’s exhibitors will be new, including participants from six new countries.
DUBAI - DAMAC Properties has entered into a partnership with the Housing and Development Bank of Egypt. The alliance will see 60 per cent of DAMAC Properties’ New Cairo projects transfer to the Housing & Development Bank.
ABU DHABI - A subsidiary of Al Maabar International Investments will develop a $10 billion mega mixed real estate project in the red sea port of Aqaba.
ABU DHABI - The UAE on Tuesday announced defence contracts worth more than Dh12 billion, including the purchase of 16 military transportation aircraft from US aviation companies Lockheed Martin and Boeing.