Hyatt, Egypt's ADD Developments sign MoU for hotel expansion    Serbian PM calls trade deal a 'new page' in Egypt ties    Reforms make Egypt 'land of opportunity,' business leader tells Serbia    TMG climbs to 4th in Forbes' Top 50 Public Companies in Egypt' list on surging sales, assets    Egypt, Japan's JICA plan school expansion – Cabinet    Egypt's EDA, AstraZeneca discuss local manufacturing    Israel intensifies strikes on Tehran as Iran vows retaliation, global leaders call for de-escalation    Egypt issues nearly 20 million digital treatment approvals as health insurance digitalisation accelerates    Russia seeks mediator role in Mideast, balancing Iran and Israel ties    LTRA, Rehla Rides forge public–private partnership for smart transport    Egyptian pound rebounds at June 16 close – CBE    China's fixed asset investment surges in Jan–May    Egypt secures €21m EU grant for low-carbon transition    EHA, Konecta explore strategic partnership in digital transformation, smart healthcare    Sisi launches new support initiative for families of war, terrorism victims    Egypt, Cyprus discuss regional escalation, urge return to Iran-US talks    Egypt nuclear authority: No radiation rise amid regional unrest    Grand Egyptian Museum opening delayed to Q4    Egypt delays Grand Museum opening to Q4 amid regional tensions    Egypt slams Israeli strike on Iran, warns of regional chaos    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's EDA joins high-level Africa-Europe medicines regulatory talks    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Egypt, Serbia explore cultural cooperation in heritage, tourism    Egypt discovers three New Kingdom tombs in Luxor's Dra' Abu El-Naga    Egypt launches "Memory of the City" app to document urban history    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    

Articles of the author Tamara Walid Reuters
Dubai's top financial officials make case for recovery
DUBAI: The emirate of Dubai may consider selling parts of government-owned companies as it continues to restructure those hit hard by the financial crisis, top financial officials said on Sunday. The emirate, a regional financial and trade hub, (...)

28 - 11 - 2010
Dubai's Drake & Scull details acquisition strategy
DUBAI: Dubai contractor Drake & Scull International is prepared to take on debt to make a substantial acquisition as it eyes strategic purchases, possibly in India, its chief executive said on Tuesday. "We are still very liquid," Drake & Scull (...)

09 - 11 - 2010
Dubai's flydubai signs $320 million aicraft deals
DUBAI: Low-cost Dubai carrier flydubai has signed sale and leaseback deals on four Boeing 737-800 NG aircraft valued at $320 million at list prices with Dublin-based aircraft leasing company Avolon. The deal follows agreements with BBAM and GE (...)

03 - 11 - 2010
Jazeera Air unit leases planes to Virgin America
DUBAI: A unit of Kuwait's Jazeera Airways Group has signed a $155 million leasing contract to supply four Airbus A320 jets to U.S.-based carrier Virgin America, the companies said in a joint statement on Sunday. The lease is the first to a US (...)

10 - 10 - 2010
Etisalat bids to buy 46 pct in Kuwait's Zain, says TV
DUBAI: Emirates Telecommunications Corp (Etisalat) has offered to buy 46 percent of Kuwait's Zain, CNBC Arabiya said on Wednesday, in a deal that would be worth $11.8 billion. Etisalat had offered 1.7 dinars per share for the stake, the Arabic (...)

30 - 09 - 2010
Nakheel plans $1.6 bln bond, part of debt plan
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, (...)

28 - 09 - 2010
Emaar postpones board meeting to Wednesday, says bourse
DUBAI: Emaar Properties, builder of the world's tallest tower in Dubai, postponed its board meeting to Sept. 29, a statement on the bourse website said on Tuesday. The meeting, which was scheduled for Monday, will discuss company performance (...)

28 - 09 - 2010
Aldar expects to swing to profit in Q3, Q4, says report
DUBAI: Aldar Properties, Abu Dhabi's largest developer by market value, expects to swing to profit in the third and fourth quarters due to project deliveries, an executive was reported as saying. In an interview with Arabic daily Al Bayan, Chief (...)

26 - 09 - 2010
Etisalat doesn't see a deal with Reliance this year
DUBAI: Emirates Telecommunications Corp, the Arab world's second-largest telecom operator by market value, does not expect a deal with India's Reliance Communications in 2010, its international chief said on Tuesday. Jamal al-Jarwan, Etisalat's (...)

07 - 09 - 2010
Dubai holding unit delays loan repayment again
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 (...)

07 - 09 - 2010
UAE's Futtaim, QIB, Aqar in $1.6 bln Qatar project
DUBAI: UAE conglomerate Al-Futtaim Group, Qatar Islamic Bank and Qatar's Aqar Real Estate Investment signed a 6 billion dirham ($1.63 billion) deal to develop a large retail and leisure project in Doha. The project, in line with Qatar's plans to (...)

05 - 09 - 2010
Dubai World sale of crown jewels seen as last option
DUBAI: Dubai World's willingness to sell prized assets such as ports operator DP World to pay down its debt pile is considered such a drastic move that analysts see it more as a last-resort bargaining tactic. Documents obtained by Reuters this (...)

27 - 08 - 2010
UAE to suspend BlackBerry service on security fears
DUBAI: The United Arab Emirates will suspend use of Blackberry services in October, citing concerns about security risks, and affecting half a million users in the Gulf Arab state. The UAE said on Sunday it would halt Blackberry services on (...)

01 - 08 - 2010
Damas sees full-year loss $520 mln after provisions
DUBAI: Jeweler Damas International said on Sunday it made a full-year net loss of 1.91 billion UAE dirhams ($520 million), after provisions and non-recurring charges of 1.9 billion dirhams. Before the expenses and impairments, the company made a (...)

01 - 08 - 2010
Mubadala plans Airbus parts in Q4, eyes Sikorsky deal
ABU DHABI: Abu Dhabi's Mubadala Aerospace will start making Airbus parts at its new facility by fourth-quarter, sees a deal with Sikorsky imminent, and expects to conclude up to five financing deals this year. The business, part of (...)

12 - 07 - 2010
Dubai's lossmaking DHCOG extends $555 mln loan
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 (...)

08 - 07 - 2010
Shuaa names Shihabi as brokerage unit CEO
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 (...)

05 - 07 - 2010
Shuaa to name Shihabi as broking unit CEO, say sources
DUBAI: A former head of research at Dubai-based investment bank Shuaa Capital is likely to be named as the new chief executive of its brokerage division, sources familiar with the matter said on Sunday. Walid Shihabi, who left his position as (...)

04 - 07 - 2010
Dubai's Nakheel starts cash payments to creditors
DUBAI: Troubled Dubai developer Nakheel on Wednesday said it has started making cash payments to trade creditors, in the second phase of a repayment schedule, with the rest to come in the form of a bond in coming months. Trade creditors owed more (...)

30 - 06 - 2010
Dubai Properties says to counter-sue UK firm
DUBAI: Dubai Properties, the real estate arm of conglomerate Dubai Holding, said it will counter-sue UK firm Hopkins Architects, which is claiming damages from the termination of a contract. Hopkins is suing Dubai Properties for costs and losses (...)

29 - 06 - 2010
DP World delays LSE dual listing, shares fall
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 (...)

28 - 06 - 2010
Emirates says to order more planes at Farnborough
DUBAI: Dubai government-owned flagship carrier Emirates airline, the largest customer for the Airbus A380 aircraft, will make new plane orders at the July Farnborough Airshow, it said on Thursday. "Emirates will be announcing new aircraft orders (...)

24 - 06 - 2010
Gulf Arab lenders face tough times to 2012
DUBAI: Corporate issuers in the Gulf Arab region will continue to face tough credit conditions until 2012, particularly lenders with large debt maturities that year, ratings agency Moody's said in a report on Monday. Moody's, which described the (...)

14 - 06 - 2010
Etisalat to invest $1.4 bln in Egypt unit over 3 yrs
DUBAI: Abu Dhabi's Etisalat said on Saturday it planned to invest LE 8 billion ($1.41 billion) in its Egyptian unit over the next three years, as it eyes growth in the market. "Our investment in the network has reached LE 8 billion till date, and (...)

13 - 06 - 2010
UAE econ growth to quicken, no major debt hit seen
DUBAI: The United Arab Emirates' economic growth is expected to accelerate to up to 3.2 percent this year and no further major restructuring of Dubai debt is seen, the Gulf country's economy minister said on Saturday. The UAE economy is expected (...)

30 - 05 - 2010
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