UAE
May 27, 2013
Former England and Liverpool striker Michael Owen ruled out a u-turn on his decision to retire from football, when speaking to press in Dubai on Tuesday.
Abu Dhabi’s International Petroleum Investment Co (IPIC) expects to receive $4 billion in cash for a crude pipeline it built in the Gulf state, enabling it to repay some upcoming debt maturities, as US crude oil futures fell below $94 per barrel on Monday on growing concerns over economic slow down in China
Land Rover is taking over the Emirate film industry with an exciting new film "A to B" directed by Ali F Mostafa.
The UAE’s April oil output stood at 2.70 million barrels per day (bpd), unchanged from March, according to latest figures from the Paris-based International Energy Agency (IEA).
May 26, 2013
Majid Al Futtaim Holding, which bought Carrefour's 25 per cent stake in its Middle East joint venture, may buy part of the Spinneys supermarket franchise to expand its retail offerings across the region.
Investment Corporation of Dubai (ICD), the holding company for some of the emirate's best-known companies, may increase the size of a $2 billion loan after significant interest in the deal from lenders, banking sources said.
National Bank of Abu Dhabi (NBAD), Abu Dhabi’s biggest lender by assets said yesterday it has issued $465 million senior unsecured convertible bonds, convertible into ordinary shares of NBAD. The issue was more than three times oversubscribed.
May 24, 2013
Three brothers from the UAE have been given the death penalty by an Abu Dhabi court for the murder of two Omani citizens in Al Ain
May 23, 2013
Tamer Hosny we’ve missed you! After months across the sea workin' with Akon and Pitbull, the region’s hottest songster is back to business in the region with a Dubai concert this weekend.
A new bus depot that can accommodate around 500 buses will be built in Abu Dhabi soon.
May 22, 2013
Summer just got 52 times better with so many concerts and family edutainment ahead in the UAE!
The International Monetary Fund (IMF) is not concerned about Dubai’s ability to repay its estimated $48 billion of debt obligations, according to the director of its Middle East and Central Asia department.
May 21, 2013
A good part of the funds would be invested towards the development of the emirate’s Western Region.
Air Arabia said on Monday it has signed a $350 million financing deal from a syndicate of two GCC banks — Qatar National Bank (QNB Group) and Commercial Bank International (CBI).
May 20, 2013
Well, we guessed it. Looks like Justin Bieber and former girlfriend Selena Gomez did get back together just before he hit Dubai earlier this month. Now the pop star might even pop the big question!