Tag: Dubai
Dubai Free Zone to Refund $354 Million in Fees to Spur...
(Bloomberg) -- Dubai’s main port and biggest free zone authority plans to return 1.3 billion dirhams ($354 million) in cash and bank guarantees to...
Damac Sees Profit Sink 94%
(Bloomberg) -- Profit at Dubai-based Damac Properties plummeted in the first quarter as the company grapples with a slowdown in demand for real estate in...
Dubai Stocks Shift From World’s Worst to Best in 24 Hours
(Bloomberg) -- Investors in Dubai’s equities might be feeling whiplash after the main index went from the day’s worst performer worldwide to the biggest...
Careem Offers Bus Hailing to Pilgrims
(Bloomberg) -- Careem Networks FZ, the Middle Eastern ride-hailing company recently snatched up by Uber Technologies Inc., is expanding in Saudi Arabia with a...
Dubai Islamic hires HSBC for Noor Acquisition
(Bloomberg) -- Dubai Islamic Bank PJSC hired HSBC Holdings Plc to advise on its possible acquisition of smaller rival Noor Bank PJSC, according to...
UAE Investment Banks Arqaam and TNI Are Said to Weigh Merger
(Bloomberg) -- Dubai-based Arqaam Capital Ltd. and Abu Dhabi’s The National Investor are weighing a possible merger, according to people with knowledge of the...
Abraaj Founder Arif Naqvi Gets Record $20 Million Bail
(Bloomberg) -- Arif Naqvi, the founder of buyout fund Abraaj Group, can be released on conditional bail of 15 million pounds ($20 million) after...
Beware the Ferrari-Driving Instagram FX-Trader
(Bloomberg) -- A short video clip on the Molly Ramm Instagram account shows a young woman cruising down a sunbathed Dubai highway in a...
Gulf Bank Mergers: Who’s Talking to Whom?
(Bloomberg) -- If you’re struggling to keep up with the pace of bank consolidation in the Gulf, here’s an overview of which lenders are in...
Dubai Slams Boeing Over Its Handling of 737 Max Grounding
(Bloomberg) -- Boeing Co. was lambasted by the most powerful figure in Dubai aviation for failing to keep airlines updated on the grounding of...
