Abu Dhabi: Abu Dhabi’s general index on Sunday crossed the 5,000 mark for the first time this year as bullish UAE markets added more than Dh17.4 billion to the market value of listed companies. The value of traded shares recovered substantially to Dh4.3 billion of which Dh2.6 billion was in Dubai. The Emirates Securities general …
Lire la suite Abu Dhabi index crosses 5,000 for first time this year
The UAE’s electricity demand projections are staggering. Based on future development plans, the current installed capacity of energy will need to double by 2015. The amount of energy the UAE consumes is set to treble by 2020 – a reflection of a very energy-intensive lifestyle. Even as the energy-producing Middle East sells its wares in …
Dubai: Dubai said a second set of bonds that it plans to sell from a Dh15 billion ($4.09 billion) borrowing programme will have longer maturities than the first as the emirate seeks to finance infrastructure projects. Dubai this week sold its first bonds, raising Dh6.5 billion to finance projects, including airports and an urban railway …
Dubai: Zack Shahin, the former CEO of the Dubai-based and publicly listed Deyaar Development, was arrested almost three weeks ago for allegedly embezzling more than Dh100 million, Gulf News has learnt. Dubai Attorney General Essam Eisa Al Humaidan confirmed to Gulf News on Thursday the detention of the US citizen Shahin, who was denied bail …
Lire la suite CEO of Dubai property developer Deyaar detained
Abu Dhabi: UAE stocks continued their winning streak for the second consecutive session, with more than Dh2.72 billion worth of shares traded. The Emirates Securities general index advanced 0.65 per cent, after marg-inal gains recorded in Dubai and Abu Dhabi, where some of the blue chips ended the session in the red. In Dubai, the …
Lire la suite UAE stocks post gains for second straight session
Abu Dhabi: UAE’s markets advanced marginally on Tuesday, maintaining the tight range of less than one per cent and gaining only Dh4.5 billion in market capitalisation. The Emirates Securities general index advanced 0.55 per cent to 5,955.70, sustaining a one per cent level of losses since the beginning of the year, one of the best …
Dubai: The Dubai government will access the debt capital markets through a dirham-denominated issue under its recently established Dh15 billion medium-term note (MTN) programme. The objective of the issuance is to fund the local infrastructure needs of the government and simultaneously contribute to the development of the domestic bond market. Sami Al Gamzi, director general …
Lire la suite Dubai plans dirham bonds to access Gulf debt markets
Dubai: The UAE’s foreign exchange reserves surged 50 per cent to $75 billion in November, data showed yesterday, shedding new light on central bank concern that month about the dirham currency’s dollar peg. The data for November, the latest available, showed reserves growing at their fastest pace in at least 18 years, increasing inflation pressures …
Dubai: Burj Dubai has surpassed the United States’ KVLY-TV mast in North Dakota to become the world’s tallest man-made structure. Burj Dubai is now 629 metres high while KVLY-TV, which held the record for the world’s tallest supported structure since 1963, has a height of 628.8 metres. Burj Dubai is already the world’s tallest building, …
Lire la suite Burj Dubai is world’s tallest man-made structure
Dubai: A Formula One race in Abu Dhabi from 2009 won’t undercut the $548 million Bahrain generates from hosting a Grand Prix, the head of Bahrain’s Economic Development Board said. « We view this as a complement and not competition, » chief executive officer Shaikh Mohammed Bin Eisa Al Kalifa said. « It brings the eyes of the …
Lire la suite Bahrain says Abu Dhabi race will not cut F1 boon
