Emirates has been expanding its business into the US for several years and now flies direct from Dubai to 11 cities in the country. “The US operation is becoming progressively more important. It’s about 11% to 12% of what we do at the moment — growing …
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Dubai Chamber briefing sheds light on UAE bankruptcy law
As part of its continued efforts to boost mutual communication between the government and the private sector, the briefing was attended by HE Younis Haji Al Khouri, Undersecretary of the UAE Ministry of Finance, who met with members of the local business …
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UAE pledges €50 million to Interpol foundation
Abu Dhabi: The UAE has pledged a contribution of €50 million (approximately Dh199 million) to the Interpol Foundation for a Safer World to support seven Interpol projects designed to combat terrorism and global crime, officials said on Monday.
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Trading begins in ENBD Reit shares following $105 million IPO
Hamed Ali, Chief Executive of Nasdaq Dubai, said the Reit’s successful listing demonstrates … UAE Limited were joint global coordinators and joint bookrunners for the IPO. Associate Business Editor of Khaleej Times, is a well-connected Indian journalist …
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Young man ordered to clean Abu Dhabi streets for three months after pulling off dangerous stunts
The reckless driver sweeping a street in Abu Dhabi. He hit a bystander while performing dangerous stunts in Al Shamkha. Courtesy: Abu Dhabi Judicial Department Abu Dhabi: In a first-of-its-kind verdict, a young man has been ordered to clean the streets and …
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Apple opens job vacancies for UAE posts
Dubai: US technology giant Apple is looking to recruit new employees for its operations in the UAE, the company’s latest job listings show. As of this month, the tech giant has posted 18 positions on the careers page of its official website, with roles …
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Emaar Malls' $800 million bid for Souq.com to challenge Amazon
DUBAI Dubai’s Emaar Malls, operator of glitzy Middle East shopping centers, has made an $800 million offer for regional online retailer Souq.com [IPO-SOUQ.DU], setting up a potential bidding war with Amazon.com. Emaar Malls’ bid has so far not been …
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Emirates Global Aluminium mandates US banks for IPO: sources
EGA was created in 2013 when state-owned companies Dubai Aluminium (Dubal) and Abu Dhabi’s Emirates Aluminium (Emal) merged. Its enterprise value was put at $15 billion at the time of the merger. It is owned by Abu Dhabi state fund Mubadala Investment Co …
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Dubai's Arqaam Capital launches global hedge fund in rare move
DUBAI, March 27 Dubai-based investment bank Arqaam Capital is launching a globally focused hedge fund, it said on Monday, becoming one of only a handful of local firms to offer such a product. Although Dubai has been growing rapidly as a banking centre …
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UAE coach Mahdi Ali also feeling the heat as World Cup hopes go on the line against the Socceroos
AFTER five years in charge, UAE coach Mahdi Ali could be forgiven for parking the bus at Allianz Stadium on Tuesday night. Not in the sense of a cheap joke about his former life as a municipal engineer, during which he helped to design the ticketing …
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Dubai cops' fleet of hypercars now includes fastest
No matter what it is, if it is in Dubai then it is probably the biggest and the best. Whether it is property or fountains or artificial islands they go large and luxe, and it seems as if the local police have taken that ethos to heart with its fleet of …
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Emirates Global said to pick BofA, Goldman and JPMorgan for IPO
If the aluminium producer raises $3 billion, it would be the largest-ever IPO from the UAE, according to data compiled by Bloomberg, surpassing the 2014 stock sale by Emaar Malls PJSC. Spokesmen for EGA and the banks declined to comment.
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Arqaam Capital launches global macro hedge fund
Dubai: Arqaam Capital, the specialist emerging markets investment … and top-tier international investment banks and leading hedge fund managers. The fund will be managed by Areski Iberrakene as Chief Investment Officer. “The launch of Arqaam’s …
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Tickets on Sale for 2017 Abu Dhabi Grand Prix as F1® Enters New Era
Yas Marina Circuit rewards loyal fans with early bird discounts of up to 30 per cent on ticket sales ABU DHABI, UAE, March 27, 2017 /CNW/ – The 2017 Formula 1® season is back, and the introduction of new rules governing the design of cars promises one of …
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Hundreds of Fights, Thousands of Players and Millions to be Won at the 9th Annual Abu Dhabi World Professional Jiu-Jitsu Championship
All eyes will be on the IPIC Arena in Abu Dhabi this April when record numbers of international athletes compete at the Abu Dhabi World Professional Jiu-Jitsu Championship, which will take place from 10 – 23 April 2017. (Photo: http://mma.prnewswire.com …
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Watch: Abu Dhabi Crown Prince flies a chopper
Dubai: A video of Abu Dhabi’s Crown Prince in a chopper has captured the interest of social media users in the UAE. In the 30-second video clip, Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed …
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UAE residents awake to lightning storm, rain
Dubai: Thunderbolts, lightning storms and a heavy downpour hit several parts of the UAE on Monday morning. Storming morning in Dubai! This taken just minutes ago after arriving home from flying all night. Good timing for me, both landing and with my camera …
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