ICBC leads US$1.5 billion loan for Dubai solar project

INDUSTRIAL and Commercial Bank of China (ICBC) has been mandated as lead arranger for a US$1.5 billion senior loan to help finance the fourth phase of the Mohamed bin Rashid Solar Park in Dubai. ICBC will be joined on the syndicate by Bank of China and ... ( read original story ...)

Blood money spares 5 Indians death penalty in UAE

Dubai: Five Indians, who were spared death penalty for murdering ... who is known for rescuing many from death penalty by paying blood money to the victims’ families. Speaking to Gulf News from India, Oberoi said he took up the case of the youngsters ... ( read original story ...)

Dubai South in push to attract investors

The initiatives are in line with the plan announced by the Dubai government earlier this month to stimulate economic growth and reduce the cost of doing business in the emirate. Dubai South said in a statement its initiatives will be implemented immediately. ( read original story ...)

Renovated grand house in Sharjah opens doors for visitors

Sharjah: The fortunes of the pearl trade and a way of life now lost have been encapsulated in Bait Al Naboudah (Home of Naboudah), the grand house of one of Sharjah’s most successful pearl merchants, which has reopened as a museum. After restoration ... ( read original story ...)

UAE’s grant will help fight malaria in Africa

Abu Dhabi: The UAE’s financial contributions towards the fight ... member of the RBM Partnership board, told Gulf News. She was speaking ahead of World Malaria Day, which will be observed on Wednesday to recognise global initiatives that combat the ... ( read original story ...)

Dubai on the Top List for Finance Graduates

Dubai has topped the list of cities that graduates want to call their home as they embark on their career in financial services, an annual poll by deVere Group has shown. DeVere asked those who started its flagship graduate programme, in which location ... ( read original story ...)

UAE emerges as global wealth management hub

Dubai: The UAE leads the region as the most appealing wealth management location for high net-worth individuals (HNWIs) in the GCC, according to the latest GCC Wealth Insight Report from Emirates Investment Bank (EIBank). According to the study ... ( read original story ...)

DIEDC to promote Dubai as Islamic financing hub

Dubai: The Dubai Islamic Economy Development Centre (DIEDC) on Tuesday announced its collaboration with Nasdaq Dubai that will result in the design and implementation of new initiatives complementing Dubai’s success in emerging as a leading global sukuk ... ( read original story ...)

UAE telco Etisalat posts $570m net profit in Q1

In the UAE, its home market, the subscriber base grew to 12.9 million ... He added: “Adoption of cutting edge technologies is a strategic imperative that will always be a cornerstone in etisalat agenda, and while we operate in multiple markets with ... ( read original story ...)