Posts Tagged ‘ ruler ’

UAE ruler cancels debts of defaulting borrowers

May 21, 2012
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Citizens of the oil-rich United Arab Emirates who defaulted on hundreds of thousands of dollars in loans could soon see their debts wiped away. (read more here…)

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Dubai Holding unit posts 61% rise in 2011 profit

April 25, 2012
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DHCOG, owned by Dubai's ruler, sees profits increase after lower impairment charges (read the story…)

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Sharjah ruler writes off two citizens' debts

April 13, 2012
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The ruler of Sharjah in the United Arab Emirates (UAE) has ordered the authorities to write off the debts of two citizens. (read more here…)

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Sharjah to set up healthcare city

April 11, 2012
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The location and geographic boundaries of the healthcare city will be determined upon a resolution to be issued later by the Ruler of … (read more here…)

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Dubai Holding unit to repay $500 mn in bonds

January 25, 2012
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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…)

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Carnival to mark Sharjah ruler's recovery

January 12, 2012
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People in Sharjah will organise a carnival to celebrate the return of their ruler, Shieikh Dr. Sultan Bin Mohammed Al Qasimi after medical treatment in Paris. (read more here…)

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Dubai ruler approves Al Sufouh tram designs

October 31, 2011
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First phase of tram network will span 10.7km and cost AED4bn, says RTA chief (read more here…)

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Dubai ruler approves designs for Al Sufouh tram project

October 31, 2011
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First phase of tram network will span 10.7km and cost AED4bn, says RTA chief (read more here…)

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Dubai orders bank takeover of troubled lender

October 11, 2011
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Dubai’s ruler on Tuesday ordered the city-state’s largest bank to take over struggling Dubai Bank, a lender with strong government ties that was rescued by the state earlier this year. (read more here…)

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Dubai Bank is taken over by rival

October 11, 2011
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Struggling Dubai Bank is taken over by Emirates NBD under orders of Dubai’s ruler. (read more…)

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