Dubai will use $1.25bn raised through an Islamic bond last week to fund the expansion of its airport and is confident of repaying creditors at its flagship conglomerate Dubai World on time, a top Dubai official told Reuters yesterday. (get the story…)
Dubai Holding, the investment conglomerate owned by the emirate's ruler, is considering restructuring up to $20 billion in debt, the Financial Times reported on Monday, in what would be another blow to the indebted emirate. (read more here…)
Conglomerate considering sale of 26% stake in Axiom Telecom, according to sources (read more…)
Conglomerate's manufacturing business was hit by unrest in Libya and Syria (read more here…)
A unit of Dubai Holding, a conglomerate owned by Dubai's ruler, said Wednesday that it will repay $500 million in bonds maturing on February 1, while Fitch agency revised the rating of the group from negative to stable. (read the story…)
Dubai conglomerate unveils plan to build three luxury hotels, theatre on existing site (read more here…)
In 2007, the Al Rostamani Group, a Dubai-based conglomerate made up of 15 companies in the booming energy-rich economy of the United Arab Emirates, was celebrating its 50th birthday. (read more…)
?? In 2007,?? the Al Rostamani Group, a Dubai-based conglomerate?? made up of 15 companies in the booming energy-rich economy of the United Arab Emirates, was celebrating its 50th birthday. With businesses diverse fields ranging from automobiles to trucks to electrical engineering, and from construction to securities trading and more, the conglomerate was thriving...
Dubai’s ruler appointed a new board for Dubai World, the flagship conglomerate which struck a deal to restructure $25 billion in debt earlier, appointing his uncle and key adviser as chairman Sunday. (read the story…)
