Etisalat sells Thuraya stake for $37 million

WASHINGTON — Emirati telecommunications company Etisalat has sold its 28 percent stake in satellite operator Thuraya to fellow Emirati satellite operator YahSat for $37 million. Etisalat, which helped …

Dubai-Based DP World To Raise $3.5B With IPO

DP World, the Dubai-based owner of ports from Britain to China, plans to raise as much as $3.5 billion in the Middle East’s second-biggest initial share sale, two people with knowledge of the proposal …

Dubai Bank honoured by ACN

In a highly competitive field, Dubai Bank was honoured for the innovation of its customer relationship management, or CRM, project which has enhanced the products and services it offers to customers.