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HuaweiDUBAI - Dubai International Arbitration Center (DIAC) at Dubai Chamber of Commerce & Industry organised an open dialogue and roundtable discussion on the implementation of the proposed UAE Federal Arbitration Law on Sunday.
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RIYADH - Saudi Arabia’s new central bank governor said on Sunday market talk of tight financing for projects was “probably a little exaggerated” but urged banks and companies to tap the debt market to boost financing capacities.
ABU DHABI - The President, His Highness Shaikh Khalifa bin Zayed Al Nahyan, in his capacity as the Ruler of Abu Dhabi, has issued a law setting up the Abu Dhabi National Chemicals Company, as a joint venture in which the International Petroleum Investment Company (IPIC) and Abu Dhabi Investment Council (ADIC) will have shares of 40 per cent each and Abu Dhabi National Oil Company (ADNOC) will hold the remaining 20 per cent stake, it was disclosed on Sunday.
DUBAI - Reflecting its rapidly increasing role as Dubai’s leading trade facilitator, Dubai Trade, the innovative online service provider, recorded more than six million online transactions on its portal in 2008.
DUBAI - The Dubai Mall, the city’s newest shopping and entertainment destination, has added over 200 new retail outlets, marking an increase in the number of stores by over 30 per cent since its opening. The mall will have a total of 1,200 retail outlets, the others to open their stores in the coming weeks.
DUBAI - The capacity utilisation at Al Khaleej Sugar Refinery in Dubai, the world’s largest sugar refinery, is down to 60 per cent on slack demand, said top official of the company.
ABU DHABI - Over 5,000 construction workers, who are creating Abu Dhabi’s multi-billion dollar cultural district on Saadiyat Island will stay in a Dh950 million, modern housing facility to be inaugurated in April by the master developer Tourism Development & Investment Company (TDIC).
ABU DHABI - Abu Dhabi National Hotels (ADNH) saw net profit trimming by 37.9 per cent in the full year 2008 to Dh292.7 million as earnings generated from overseas and investments plummeted.
DUBAI - National Bonds Corporation PJSC on Saturday announced a strategic partnership with Al Hilal Bank aimed at further enhancing the distribution network of National Bonds in the UAE.
DUBAI - The Bahrain Financial Exchange (BFX) was recently allowed by the Central Bank of Bahrain to list and trade cash and derivates instruments on multiple asset classes, including Islamic finance instruments or Shariah-compliant products.