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(AFX UK Focus) 2010-03-11 05:05 Dubai World to make first concrete proposals – paper (Interactive Investor)

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DUBAI, March 11 (Reuters) – Dubai World will present its first concrete proposals to local banks on Thursday on restructuring $22 billion in debt, The National newspaper reported, citing unnamed sources. The state-owned conglomerate has requested meetings with Emirates NBD and Abu Dhabi Commercial Bank to present its proposals, which will probably include a...
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Moody’s assigns debt ratings to Emirates NBD’s medium-term note programme (Zawya)

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DIFC, March 09, 2010: Moody’s Investors Service today assigned long-term senior and subordinated debt ratings to the US$7.5 billion medium-term note programme of Emirates NBD PJSC (‘ EmiratesNBD EmiratesNBD ‘) and its special purpose issuing vehicle Emirates NBD Global Funding Limited (‘EGF’). (read more…) Related items National Bonds forges strategic alliance with Emirates Post (Zawya) Emirates NBD hosts...
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Dubai Woos North American Investors, (Tax-News.com)

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The Dubai International Financial Centre (DIFC) on March 8 hosted a delegation from the American Chamber of Commerce Executives (ACCE), an association for chamber of commerce professionals in the United States and Canada, aimed at enhancing financial services synergies between the emirate and the two nations. (more…) Related items Delegation of American Chamber of Commerce Executives (ACCE)...
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UAE drafting law to protect foreign investors (MENAFN)

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UAE drafting law to protect foreign investors (read on…) Related items (AFX UK Focus) 2010-03-10 13:10 REFILE-UAE banks able to absorb any shocks – deputy finmin (Interactive Investor) UAE- RAK eyeing more investors to spur development (MENAFN) UAE’s Leading Family Owned Grooming Enterprise Plans Expansion Activities In The Region (Zawya) Moody’s concludes review of Abu Dhabi / UAE government-related issuers...
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(AFX UK Focus) 2010-03-10 13:10 REFILE-UAE banks able to absorb any shocks – deputy finmin (Interactive Investor)

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DUBAI, March 10 (Reuters) – Banks in the United Arab Emirates are strong enough to absorb any shock, including the impact of Dubai World’s restructuring, the country’s deputy finance minister said on Wednesday. “The committee which is headed by our minister made sure that UAE banks have enough capital to absorb any shock that...
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Abu Dhabi Shares Rise to November High, Led by Aldar, Banks (Bloomberg)

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March 10 (Bloomberg) — Abu Dhabi’s benchmark stock index climbed to the highest level in more than three months as Aldar Properties PJSC ’s asset sale to the government boosted investor confidence developers will be able to repay loans. (read more here…) Related items Abu Dhabi Shares Rise to 3-Month High as Aldar Sells Assets (Bloomberg) Abu Dhabi...
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UAE’s Union Properties gets offers for Ritz Carlton (Reuters via Yahoo! Philippines News)

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* Talks with investors from West, Saudi Arabia, Qatar, UAE (read more…) Related items Qtel Delivers Great Roaming Rates on All Networks in UAE and Saudi Arabia, and Across the GCC (Zawya) GCC golf tourney from Thursday (Gulf Times) GCC moves closer to common currency (Mena Report) GCC supports Saudi raids on Yemeni rebels (The Peninsula) (AFX UK Focus) 2009-10-17 14:35...
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(AFX UK Focus) 2010-03-09 13:27 UPDATE 2-UAE govt backs Dubai; Abu Dhabi help may lag (Interactive Investor)

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DUBAI, March 9 (Reuters) – The United Arab Emirates pledged its support for Dubai on Tuesday but said the emirate had yet to ask for federal help, which analysts said would come reluctantly and with strings attached. The UAE finance minister said the federal government would support the emirate as it negotiates a plan...
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Saudi steady as banks edge higher (Arabian Business)

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UPDATE 1: Dubai’s DFM gives up early gains as investors book profits from an early week surge. (more…) Related items Dubai Economy Poised for Rebound (Khaleej Times) Business : Dubai Economy Poised for Rebound (Khaleej Times) Dubai – A Stately Business Dome Decreed (Investors Offshore) Dubai Agreement To Enhance Business Environment, (Tax-News.com) (AFX UK Focus) 2010-02-18 11:40 UPDATE 1-Abu Dhabi’s Mubadala...
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(AFX UK Focus) 2010-03-09 06:38 UPDATE 1-Aldar says $2.5 bln assets sale was at book value (Interactive Investor)

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DUBAI, Mar 9 (Reuters) – Abu Dhabi group Aldar Properties said on Tuesday it made no profit on the sale of property assets to the government for 9.1 billion dirhams ($2.5 billion) last year. The emirate’s largest developer by market value said in February it sold certain infrastructure and property assets at its developement...
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(AFX UK Focus) 2010-03-09 13:43 Dubai’s Emirates to hire 2,000 staff in 2010 (Interactive Investor)

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DUBAI, March 9 (Reuters) – Dubai government-owned airline Emirates said on Tuesday it planned to recruit 2,000 cabin crew in 2010 as it expands its fleet and routes. The Arab world’s largest airline has hired around 660 cabin crew and more than 60 pilots since March 2009, a statement said. The airline’s total cabin...
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