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Posted on 12/09/2017

Dubai raises $1.1bn loan for metro expansion

The government of Dubai has raised a $1.1bn loan that will be used to extend the city’s metro rail system, completing the first step of an infrastructure financing programme which could total as much as $2.8bn, sources familiar with the matter said on …
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Posted on 12/09/2017

Abu Dhabi City wins ‘World’s Best City’ for roads and transport infrastructure development

Abu Dhabi City has won the TomTom International Award as the ‘World’s Best City in Developing the Infrastructures Related to Traffic Management’ for 2016. The win is as a result of the emirate’s sophisticated road network and solid infrastructure.
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Posted on 11/09/2017

Dubai to shine with Solar panels on roof tops soon

Dubai Electricity and Water Authority (Dewa) has urged the emirate’s citizens and residents to benefit from the Shams Dubai smart initiative and install solar photovoltaic panels on the roofs of their premises. The initiative is already a great success …
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Posted on 11/09/2017

UAE tech firm Alef launches schools AI initiative

Alef, a technology company headed up by UAE government veteran Dr Saleh Al Hashemi, has launched pioneering artificial intelligence (AI) software in a private school in Abu Dhabi. Alef said it is holding discussions with other private and public schools in …
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Posted on 11/09/2017

Dubai developer Deyaar unveils Dhs1bn project in Business Bay

Dubai developer Deyaar has launched a new Dhs1bn mixed-use project in Business Bay, it announced during the Cityscape exhibition on Monday. Called South Bay, the residential, serviced apartment and hotel property will cover a built-up area of more than 1.3 …
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Posted on 11/09/2017

ADNOC could list stake in fuel retail business in early 2018: sources

DUBAI (Reuters) – Abu Dhabi National Oil Co (ADNOC … For ADNOC Distribution, Reuters reported in late July that banks had been mandated for the IPO, citing sources familiar with the matter. “They are still working on it, there may be other services …
( read original story …)


Posted on 11/09/2017

Saudi says it’s accelerating economic reforms, Aramco IPO on track

DUBAI (Reuters) – Saudi Arabia’s government is accelerating … public offering of a stake in Saudi Aramco remains on track,” the statement said. “The IPO process is well underway and Saudi Aramco remains focused on ensuring that all IPO-related …
( read original story …)


Posted on 11/09/2017

Saudi assures investors that reforms, Aramco IPO on track

DUBAI (Reuters) – Saudi Arabia’s government assured investors … public offering of a stake in Saudi Aramco remains on track,” the ministry said. “The IPO process is well underway and Saudi Aramco remains focused on ensuring that all IPO-related …
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Posted on 11/09/2017

Saudi Arabia’s vague economic shift leaves huge oil IPO on track

DUBAI (CNNMoney) — Saudi Arabia is still planning to sell part … shares in Saudi Aramco — which is likely to be the world’s biggest — was on track. “The IPO process is well underway and Saudi Aramco remains focused on ensuring that all IPO-related …
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Posted on 11/09/2017

Gulf IPOs to make comeback, says report

Issuers are “testing out” the IPO climate, the report concluded. Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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Posted on 11/09/2017

Saudi Aramco makes gains from R&D ahead of listing

The state-owned oil giant – soon to be part-privatised in an IPO expected to raise up to $100 billion … to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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Posted on 11/09/2017

Saudi Saуs It’s Accelerating Ecоnоmic Refоrms, Aramcо IPO оn Track

DUBAI (Reuters) – Saudi Arabia’s government is accelerating … public offering of a stake in Saudi Aramco remains on track,” thе statement said. “The IPO process is well underwaу and Saudi Aramco remains focused on ensuring that all IPO-related …
( read original story …)


Posted on 11/09/2017

ADNOC ‘could list stake in fuel retail business in early 2018’

DUBAI: Abu Dhabi National Oil Co. (ADNOC … For ADNOC Distribution, Reuters reported in late July that banks had been mandated for the initial public offering (IPO), citing sources familiar with the matter. “They are still working on it, there may …
( read original story …)


Posted on 11/09/2017

Factors to watch – September 10

DUBAI, Sept 10 (Reuters) – Here are some factors that may affect … any dialogue with Qatar -SPA * Saudi says it’s accelerating economic reforms, Aramco IPO on track * Will Saudi Aramco deliver world record profit for next year’s IPO?
( read original story …)


Posted on 11/09/2017

New support centre in Sharjah for Indians in distress

The Sharjah Centre on the 22nd floor of Damas Tower (Burj 2000) opposite the Central Post Office is the second office of the IWRC in the UAE after the one in Dubai that currently caters to Indians in all seven emirates. As first reported by Gulf News in …
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Posted on 11/09/2017

Abu Dhabi tops Middle East in global cities index

The Abu Dhabi Systems and Information Centre (ADSIC) announced that the emirate of Abu Dhabi had topped the Middle East region, in terms of the indicators outlined by the 2017 Cities in Motion Index. The index was published by the Spain-based University of …
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Posted on 11/09/2017

UAE provides humanitarian relief to displaced Rohingyas

according to UAE News Agency (WAM). The ERC said it was keen to provide humanitarian and relief assistance to those most in need around the world without any discrimination, and its contributions to relief Rohingya minority especially women and children …
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