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ABU DHABI - The Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds, may not have direct involvement with Madoff’s Funds, an allegedly fraudulent investment fund, according to media report.
ABU DHABI - The National Investor (TNI), an Abu Dhabi-based investment banking company, has signed a license agreement with MSCI Barra, a leading global benchmark authority, to create the MSCI Arabian Markets Real Estate Capped Index.
DUBAI - Noor Islamic Bank PJSC on Sunday announced it has won top honors at the inaugural Marketing — Dubai Holding Annual Award for Best Launch of the Year 2008.
DUBAI - The global economic recession will have a minimal impact on the United Arab Emirates’ domestic growth, said Khalaf Al Habtoor, chairman of conglomerate Al Habtoor Group.
DUBAI - Palm Aviation, the Middle East’s leading global flight support provider, has appointed Mohammad Saideh as Executive Vice-President and Chief Marketing Officer, at the company’s Dubai headquarters.
DUBAI - Deyaar Development, the region’s fastest growing real estate company, announced the handover of all 210 units of Al Seef II, its premier residential development located in Jumeirah Lakes Towers.
DUBAI - Dubai Duty Free (DDF) celebrated its silver jubilee with record-breaking sales of Dh71m ($20m) on December 20, on its 24-hour special discount offer.
DUBAI - Eng Hamad Buamim, Director General of the Dubai Chamber of Commerce and Industry and Ali bin Towaih, Chairman of the Emirates Green Building Council signed a Memorandum of Understanding to promote, support and facilitate the ongoing collaboration between the Chamber’s Centre for Responsible Business (CRB) and EGBC in spreading awareness on the importance of sustainable management of the environment.
DUBAI — Mobile penetration in Middle East is set to grow by nearly 20 per cent to 77 per cent over the next five years, according to Mark Newman, Chief Research Officer InformaTelecoms and Media.