FINANCE

ENBD's Islamic arm plans $500m sukuk sale in 2012

May 7, 2012

Jamal bin Ghalaita expects to merge with Dubai Bank before the end of 2012 (read more…) – FINANCE

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Ethica Brings Global Islamic Finance Certification to Bangladesh

May 7, 2012

DUBAI, United Arab Emirates, May 7, 2012 /PRNewswire/ –With three times the population of all the Gulf countries combined, Bangladesh is the sleeping giant of the Islamic finance world. A burgeoning urban … (read more…) – FINANCE

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BMO opens representative office in UAE

May 7, 2012

Office in Abu Dhabi to oversee investment banking and asset management services for clients (read more…) – FINANCE

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Parliament rejects Iran subsidy cuts proposals

May 7, 2012

DUBAI (Reuters) – A committee of Iranian lawmakers has rejected a government plan to increase prices for subsidized food and fuel in a move that threatens to derail a drive to rein in the country's sanctions-squeezed budget, Iranian media reported late on Saturday. International sanctions imposed over Iran's nuclear program have sharply reduced the...

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UAE’s Tabreed profits up 15% as costs fall

May 5, 2012

The utility firm’s operating costs declined 25 percent (read more…) – FINANCE

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World’s Tallest Building List Include One World Trade Center Freedom Tower in New York (Photo)

May 5, 2012

World’s Tallest Building Burj Khalifa Image Credit: KARIM SAHIB/AFP/Getty Images The list of the world’s tallest building now includes One World Trade Center Freedom Tower, according to reports by several international news sites on Monday, April 30, 2012. One World Trade Center Freedom Tower is reportedly the tallest building in New York City. Reports...

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1 World Trade Center: Filling The 'Void In The Sky'

May 5, 2012

After the attacks that felled the twin towers, many said it was the end of an era for skyscrapers. But 1 World Trade Center has now surpassed the Empire State Building as New York's tallest. David Childs, architect and designer of the new tower, discusses why we're so fascinated by tall buildings. (more…)

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Losing streak sees Dubai shares fall for 7th day

May 4, 2012

Dubai’s benchmark stock index retreated for a 7th day in its longest losing streak since 2009 after construction company Drake & Scull International made a dividend payment and as oil fell in NY. (read more…) – FINANCE

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UAE- United Arab Bank plans to double its size in few years

May 3, 2012

(MENAFN – Khaleej Times) Abu Dhabi-listed United Arab Bank plans to grow double in the next few years, as it expands into Abu Dhabi aggressively. "We're in the growth phase in the history of the … (read more…) – FINANCE

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Dubai to finance airport expansion via USD1.25b sukuk

May 3, 2012

(MENAFN) Dubai Civil Aviation Authority's President, Sheikh Ahmed bin Saeed al Maktoum, announced that the emirate will finance the expansion of the Dubai International Airport through proceeds from … (read more…) – FINANCE

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