Dubai Developer 'Proud' to Do Business With Trump Organization

Damac Properties Dubai Co., which opened a Trump-branded golf course in Dubai last month, said it's "proud" to be doing business with the Trump Organization. "We're very proud of that partnership. It adds value to us," Chief Financial Officer Adil Mohammed ... ( read original story ...)

British child rapist arrested in UAE

Dubai: The British government has thanked the UAE for their support and effort after a serial rapist from the UK was arrested in the emirates and extradited to Britain and jailed. The British Ambassador in a statement on Tuesday thanked the UAE for their ... ( read original story ...)

Banking sector resilient to headwinds: UBF

Dubai: The UAE banking sector remained resilient in 2016 in the face of strong headwinds, according to the Board of Directors of the UAE Banks Federation (UBF), a professional representative body comprising 49 member banks operating in the UAE. The UBF ... ( read original story ...)

Police: 43 suspects collected Dh1.3b in car sale fraud

Abu Dhabi: Abu Dhabi Police have arrested a 43-member gang that ... The officials reassured that there would be no legal action against complainants. Al Sharifi told Gulf News that investors joined this scheme due to ignorance and greed. ( read original story ...)

Abu Dhabi's Mubadala sells part stake in AMD for $613 mln

ABU DHABI, March 5 Abu Dhabi investment fund Mubadala Development Co sold nearly a third of its stake in Advanced Micro Devices, booking a tiny gain on its investments in the micro chip maker. Mubadala sold 45 million shares in AMD for around $613 million ... ( read original story ...)

Dubai lender Emirates NBD to IPO Islamic REIT fund

DUBAI, March 5 Emirates NBD (ENBD), Dubai's largest lender, plans to offer shares in its Islamic real estate investment trust and list them on the Nasdaq Dubai exchange. ENBD REIT said on Sunday it expects to raise about $100 million to $125 million from ... ( read original story ...)

Abu Dhabi set to close $872m financing for solar plant

Abu Dhabi’s government-owned power utility aims to close a financing package for a $872 million solar power plant, which will be the world’s largest, in April 2017, a senior official has said. Earlier this month, Abu Dhabi Water and Electricity ... ( read original story ...)