Category Archives: Arabianbusiness

Emirates said to seek sukuk deal of up to $1bn

Emirates, the world’s largest airline by international passengers, is talking to banks about raising as much as $ 1 billion through an Islamic bond sale that could happen in the first half, people familiar with the matter said. The Dubai ...

Read More »

Dubai reveals plan to launch new real estate festival

Dubai Land Department (DLD) on Monday announced plans to launch of Dubai Property Festival, a three-day sales and purchase event to be held at the Dubai World Trade Centre on April 9–11. The real estate authority said the festival would ...

Read More »

Dubai's Drake says UAE bank debt restructuring completed

Dubai-based contracting giant Drake & Scull International (DSI) has announced that it has successfully completed the restructuring of its corporate general bank debt in the UAE. The company said in a statement that it has also secured new credit lines ...

Read More »

Dutch builder says work has started on Yas Arena project

Dutch construction firm, BAM International, said on Monday that work has started on Yas Arena, which will be a 18,000-seater venue on Yas Island. The announcement follows the decision last month by UAE-based developer Miral Asset Management to appoint the ...

Read More »

UN votes to reject Trump decision on Jerusalem

The UN General Assembly on Thursday adopted by a decisive vote of 128 to nine, with 35 abstentions, a motion rejecting the US decision to recognise Jerusalem as Israel’s capital. President Donald Trump had warned ahead of the vote in ...

Read More »

New tallest hotel in the world set to open in Dubai

Gevora Hotel will be 356m high, just one metre taller than current holder JW Marriott Marquis The Gevora Hotel, at 356 metres in height (or 75 floors), will overtake Business Bay’s JW Marriott Marquis by just one metre when it ...

Read More »

UAE to distribute 70% of VAT revenues to local governments

Government also adopted the UAE Water Security Strategy 2036 “We have decided to distribute value added tax revenues in the UAE so that local governments will receive 70 percent of these revenues to achieve better local services, greater community development, ...

Read More »

Gulf energy firms issue record $28.7bn debt in 2017

Gulf energy companies issued record debt this year as producers opted to exploit lower borrowing costs to fund expansion plans. Oil and gas producers, pipeline operators and refiners in Kuwait, the United Arab Emirates, Saudi Arabia, Oman, Bahrain and Qatar ...

Read More »
Scroll To Top