DUBAI: Dubai Holding's main unit will not be repaying a loan that was due on Thursday, saying lenders have agreed to extend the $555 million credit, in the latest blow to investors in Dubai's troubled debt program.
Lossmaking Dubai Holding (...)
DUBAI: Dubai-based investment bank Shuaa Capital named Walid Shihabi, a former head of research at the firm, as the brokerage division's new chief executive.
Shihabi succeeds Mohammed Ali Yasin, whose resignation last week has knocked 7 percent (...)