Emirates airline has received 7.3 billion dirhams ($2 billion) from the government of Dubai as it faces a cash crunch caused by the COVID-19 pandemic, a bond prospectus seen by Reuters shows.
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Emirates Got $2 Billion from Dubai to Survive Crisis Months
Dubai’s government has put 7.3 billion dirhams ($2 billion) into Emirates since the coronavirus pandemic brought global air travel to a near halt in March and said it’s prepared to send more help to …
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One person killed by Dubai restaurant gas explosion: media
One person was killed early on Monday when a gas cylinder exploded in a Dubai restaurant, local media reported.
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Grocery retailer Bindawood announces intention to list on Saudi bourse
The company has a total of 73 stores, of which 51 are hypermarkets and 22 are supermarkets, making it the third-largest operator of hypermarkets and supermarkets in Saudi Arabia …
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Historic Israel-UAE flight opens possibility for $6.5B in trade
Things are changing rapidly in the Middle East as the first Israeli commercial airliner flew over Saudi Arabia on a non-stop flight from Israel.Aboard the El Al (OTC:ELALF) Boeing 737 were top aides …
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Israeli, US delegations depart to UAE in 1st direct flight
BEN-GURION AIRPORT, Israel (AP) — A Star of David-adorned El Al plane took off Monday from Israel’s Ben-Gurion Airport, carrying a high-ranking American and Israeli delegation to Abu Dhabi in …
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Israel and UAE set for historic direct flight following peace deal
The flight is expected to be allowed to cross Saudi airspace, normally blocked to Israeli air traffic. The UAE became only the third Arab country in the Middle East to recognise Israel since its …
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Dubai Plans Bond Sales to Bolster Finances
Dubai hired banks for an offering of bonds and Islamic securities in dollars as it seeks to shore up its finances.The government of the Middle East’s main business hub is selling a benchmark-size …
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Emirates airline got $2 billion injection from Dubai govt -document
Emirates airline has received 7.3 billion dirhams ($2 billion) from the government of Dubai as it faces a cash crunch caused by the COVID-19 pandemic, a bond prospectus seen by Reuters shows. DUBAI, …
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UPDATE 2-Dubai plans comeback to debt markets amid sharp economic downturn
Dubai has hired banks to advise it on its comeback to the international debt markets as the Middle East trade, finance and tourism hub seeks to bolster finances badly hit by the coronavirus pandemic.
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El Al 971 to Abu Dhabi: first Israel-UAE ‘commercial flight’
American delegation was set to take off Monday on the first commercial flight from Tel Aviv to Abu Dhabi as the US-brokered normalisation agreement between the Jewish state and the UAE takes hold.
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Coronavirus: Children and elderly allowed to attend services as non-Muslim places of worship reopen in Abu Dhabi
Capacity must however be limited to 30 per cent, in addition to other precautions designed to limit the spread of Covid-19 …
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Emirates gets $2-billion injection from Dubai govt
The government of Dubai has injected 7.3 billion dirhams ($2 billion) in new equity into Emirates airline since March, according to a bond prospectus seen by Reuters.Dubai Crown Prince Sheikh Hamdan b …
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Dubai should consider cutting property registration fees to 2% from 4
If government can revise some fees here and there, it could all help with the return COVID-19 is a short-term challenge… while the UAE’s competitiveness is a long-term affair and built over decades.
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Deal With UAE Caps a New Phase of Israeli Diplomacy
The agreement between Israel and the United Arab Emirates announced in mid-August is the product of a third phase of Israeli peacemaking that builds on lessons learned from previous treaties with …
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Dubai to come back to debt market with 10-yr sukuk, 30-yr bonds
Dubai has hired banks to arrange investor calls ahead of a potential s ale of U.S. dollar-denominated 10-year sukuk, or Islamic bonds, and …
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Israeli business hopes for new chapter in UAE trade after historic deal
The first time we did this, they brought out the champagne,” said one traveller who visited this year to hawk an array of cyber-surveillance software from at least six Israeli manufacturers. On Monday …
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