UAE-Russia cooperation discussed

HH Shaikh Mohammed welcomed the Rosneft CEO and discussed with him topics related to oil and energy industries, and investments in these vital sectors, according to UAE News Agency (WAM). They also discussed means of co-operation and co-ordination among ... ( read original story ...)

Rare Desert Snow: Temperatures Drop Causing Snowfall In UAE

It was one unusual event that the people literally didn't have words to describe it. In other news, Dubai also experienced some temperature drops but it wasn't as enjoyable in Ras Al Khaimah. On Friday, hail and strong winds ravaged the city streets of ... ( read original story ...)

Really Special should be tough in UAE 1000 Guineas

Really Special looked very much like the best 3-year-old dirt filly in Dubai when she comfortably won the UAE 1000 Guineas Trial on Jan. 19, and if she is, she will take all kinds of beating Thursday night at Meydan Racecourse in the $250,000 UAE 1000 ... ( read original story ...)

Boutique bank Moelis wins advisory role for mammoth Saudi IPO

NEW YORK/LONDON/DUBAI Boutique investment bank Moelis & Co (MC.N) has been chosen as an adviser by Saudi Aramco [IPO-ARMO.SE] on its plans for what is expected to be the world's biggest initial public share offer, sources familiar with the matter told Reuters. ( read original story ...)

Dubai Islamic Bank issues us$ 1 Billion senior

Dubai Islamic Bank announced the successful pricing of the largest senior Sukuk issuance by a financial institution globally. The US$ 1 Billion Sukuk was issued with a 5 year tenor, maturing on 14 th February 2022. The issuance under DIB’s USD 5 billion ... ( read original story ...)

Abu Dhabi stats: 19 dead, 155 injured from quad bikes

Abu Dhabi: The traffic police’s latest figures has revealed that in 2016, the capital recorded 174 bike accidents that left 19 dead and 155 people with injuries. Statistics issued recently by the General Directorate of Traffic at the Ministry of Interior ... ( read original story ...)