DUBAI: Dubai's hotel, retail and residential real estate sectors are enjoying a boost from the emirate's "safe haven" status amid unrest elsewhere in the Arab world, a report said on Monday.
The Arab Spring, which has resulted in the downfall of (...)
ADEN: A Yemeni jet bombed the southern coastal town of Shaqra shortly after Islamist militants took control of the area, killing at least five of them, a local government official said.
In the raids staged on Thursday, the jet also attacked two (...)
DUBAI: Dubai builder Arabtec will not reverse provisions in 2011 and has no immediate plans to issue a shelved $150 million convertible bond, its chief financial officer said.
The emirate's largest builder by market value is looking to eventually (...)
SANAA/RIYADH: Yemeni President Ali Abdullah Saleh, wounded in an attack on his palace, underwent surgery in Saudi Arabia and Yemenis seeking his overthrow celebrated what they hoped was the end of his 33-year rule.
A Yemeni ruling party official (...)
DUBAI: A prominent Bahraini human rights activist said he had been threatened with rape while in custody after he refused to apologize to the king over his role in anti-government protests.
During a demonstration on Tuesday, a protester drove his (...)
SOHAR: Omani troops fired in the air, wounding one person, when they moved in to disperse a crowd demanding jobs and political reforms near the northern port of Sohar on Tuesday, the fourth day of protests, witnesses said.
"We were about 200 to (...)
SOHAR: Omani protesters demanding political reforms blocked roads to a main export port and refinery on Monday and a doctor said the death toll from clashes with police in the Gulf Arab sultanate had risen to six.
Hundreds of protesters blocked (...)
JUBA: South Sudanese voted overwhelmingly to declare independence from the north in a referendum, according to officials in seven out of the region's ten states polled by Reuters on Wednesday.
The preliminary reports confirm widely held (...)
DUBAI: Political uncertainty and fear of conflict will deter several Gulf firms from investing in southern Sudan as it prepares for a referendum next month that will likely lead to the creation of the world's newest nation.
The semi-autonomous (...)
DUBAI: Kuwait-based IFA Hotels and Resorts has secured $115 million in funding to complete a luxury hotel in Dubai, it said, as financing for selective projects remains available despite tough conditions.
The three-year loan facility arranged by (...)
DUBAI: Asset management firm Investcorp's $1 billion private equity fund expects to make five to six transactions in the next two years as it seeks to deploy remaining part of its commitments and is mulling the launch of another fund, a top (...)
DUBAI: Middle East governments and companies are raising cash again from debt and equity markets, while solid oil prices and improving economic fundamentals are helping the region recover and restructure.
Yet even as the region regains its (...)
DUBAI: Dubai's Emaar Properties remains a lone bright spot in a gloomy outlook for UAE developers, but woes are set to continue for Abu Dhabi's Aldar Properties with an expected third-quarter loss.
Real estate firms across the Gulf state have (...)
DUBAI: Property developer Nakheel plans to issue a 6 billion dirham ($1.63 billion) Islamic bond as part of its debt repayment plan as it restarts several key projects, an industry executive said on Tuesday.
Under Nakheel's restructuring plan, (...)
DUBAI: Dubai state-owned property developer Nakheel expects to complete its debt restructuring by the end of the year.
"We have had a successful bank meeting and we are having very good discussions with the Nakheel co-com (core committee)," chief (...)
DUBAI: State-owned conglomerate Dubai World reached a formal deal to restructure almost $25 billion of liabilities, partly easing recently heightened concerns over the Gulf emirate's debt woes.
While Dubai World's agreement with most of its (...)
DUBAI: Dubai Holding's main unit will delay repayment on a $555 million loan until Nov. 30, the company said on Tuesday, the second time it has failed to meet a repayment deadline.
DHCOG, a unit of the conglomerate owned by the Gulf Arab (...)
DUBAI: House prices in Dubai and Abu Dhabi are set to fall a further 10 percent and 13 percent in 2010 respectively, as residential supply expands in both markets, a Reuters poll showed on Thursday.
Dubai's once-booming property market has been (...)
DUBAI: Ports operator DP World, postponed plans to seek a dual listing on the London Stock Exchange in a surprise move on Monday, saying it needed to find an acceptable system to support the listing.
DP World shares fell 6.8 percent on the Nasdaq (...)
DUBAI: Faced with fierce competition for work in Abu Dhabi, Dubai's Drake & Scull International will focus on middle and upper range projects to protect profit margins, its chief executive said on Wednesday.
Dubai's property crash, which sent (...)
DUBAI: UAE-based investment fund Essdar Capital, which bought the senior debt of the troubled $15 billion Blue City property development in Oman, plans to focus on developing hotels and tourism in the project, an executive said.
Earlier on (...)
DUBAI: Residential rents in Dubai are set to fall further in 2010 due to increased supply, while vacancy rates in Abu Dhabi's office market are expected to rise to as much as 10 percent in 2011, a report said on Monday.
Real estate services (...)
DUBAI: Dubai World property unit Nakheel on Tuesday said it remains "optimistic" of reaching a final settlement with trade creditors.
The builder of palm-shaped islands off Dubai said in a statement it met with senior members from UAE-based (...)
DUBAI: Dubai house prices climbed 2 percent year-on-year in the first quarter, their first annual rise since the 2008 financial downturn, but oversupply would pressure prices going forward, Colliers International said on Sunday.
Prices in the (...)
DUBAI: Qatar Airways increased its order for Boeing's new 787 Dreamliner to six from two and expects to take delivery by September next year, the carrier's chief executive said on Tuesday.
"At the moment, we will be receiving six 787s next year; (...)