NBK unit closes $95m Dubai school property deal

NBK Capital Partners, the private equity arm of National Bank of Kuwait, said it has completed the acquisition of the Dubai campus of a K-12 international curriculum school in a sale-leaseback transaction. This comes in line with the firm’s strategy to ... ( read original story ...)

Emaar to Manage Dubai Frame

Real estate giant Emaar has signed a memorandum of understanding (MoU) with Dubai Municipality to market and promote the latest landmark, Dubai Frame, which is set to open next month. As per the agreement, the company will provide guidance on the operation ... ( read original story ...)

Shabab Al Ahli Dubai ink deal with Nakheel

Dubai: Shabab Al Ahli Dubai Club has announced a new sponsorship agreement with Dubai-based property developer Nakheel. Khalifa Saeed Sulaiman, the chairman of the higher committee for the merger of Shabab Al Ahli Dubai and Ali Rashid Lootah, chairman of ... ( read original story ...)

Emaar Properties lifts Dubai index, but outlook bearish

Dubai: Mild buying in Emaar Properties helped the Dubai index close in the positive zone, but the overall outlook remains bearish as long as the gauge trades below the key resistance level. The Dubai Financial Market General index closed 0.45 per cent ... ( read original story ...)

Abu Dhabi Is Said to Weigh Raising About $10 Billion From Bonds

Abu Dhabi, home to about 6 percent of the world’s oil reserves, is said to be considering raising about $10 billion from a dollar bond sale as early as Tuesday to help plug a budget deficit. Encouraged by Saudi Arabia’s $12.5 billion sale last week ... ( read original story ...)

Dubai announces 30-day fitness challenge

Dubai: A fitness challenge to encourage people to exercise and take part in sports was launched on Monday by Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of Dubai Sports Council. Shaikh Hamdan called on everyone to ... ( read original story ...)

Electric-car incentives added in, remarkably, oil-rich Dubai

Dubai, the second largest sheikdom in the United Arab Emirates, has introduced new incentives in an attempt to make electric cars more desirable. Battery-electric and plug-in vehicles often go overlooked in the oil-rich area, but even some of the world's ... ( read original story ...)