Dubai Group may sell its stake in Bank Islam Malaysia for around $300m, Malaysian Reserve reported, citing sources familiar with the plan. According to the newspaper, the sale is expected to be comple…
Read the full story »NEW DELHI – Dubai World, the state-owned holding company restructuring $26 billion in debt, is seeking to separate “good” businesses from underperforming assets as part of its restructuring plan, Shaikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Fiscal Committee, said.
DUBAI – The week-long US-Dubai 2010: Executive Business Leaders Mission to Dubai, organised by Dubai Chamber of Commerce & Industry concluded with the visiting delegation of 45 major American chambers’ chairmen, presidents and CEOs networking with Dubai’s business leaders, while also discussing future investment opportunities between them.
March 12 (Bloomberg) — Bahrain’s Central Bank Governor Rasheed al-Maraj said the cost of borrowing may increase if there’s a “negative” global reaction to Dubai’s debt restructuring plan.
Britain’s top banks look likely to avoid massive losses on Dubai World’s debt pile, but have already seen about 1 billion pounds wiped off profits due to problem loans in Dubai and the region last year.
March 12 (Bloomberg) — Dubai World creditors in London want clarification on how they will avoid further losses if they accept the state-owned holding company’s proposal, Al Bayan reported.
‘Negative’ global reaction to Dubai’s debt restructuring plan may tighten liquidity.
11 March 2010 The management of the Al Bustan Rotana Dubai is pleased to announce the appointment of George Khozam as Director of Front Office. Khozam, who is originally from Syria, brings with him almost twenty years of hospitality experience specializing in Front Office operations.
Vice President of the United Arab Emirates and Ruler of Dubai Mohammed bin Rashid met Prime Minister Manmohan Singh in New Delhi on Thursday and discussed the economic and political ties between the two countries.The two leaders also talked about security issues, tackling terrorism and the importance of ensuring peace and stability in the region. The meeting aimed at outlining ways and
March 12 (Bloomberg) — Dubai World, the state-owned holding company restructuring $26 billion in debt, is seeking to separate “good” businesses from underperforming assets as part of its restructuring plan, the head of the city’s airline said.
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Chairman of Dubai Civil Aviation is on an official visit to India.
10 March 2010 There is good news for the Dubai property market, as lenders are set to come back with increased budgets this year over 2009. Utpal Bhattacharya finds out more.
Dubai market rises to two-month high
DUBAI, March 12 (Bernama) — A three-month practical training stint at the Al Jawhara Gardens Hotel, a syariah-compliant establishment here, has proven to be an eye-opening experience for a group of 14 Universiti Teknologi Mara (UiTM) graduates.
Andy Murray of Britain reacts during his match against Janko Tipsarevic of Serbia on the third day of the ATP Dubai Tennis Championships, February 24, 2010. REUTERS/Jorge Ferrari
An Israeli supermarket looked to cash in on the infamous surveillance camera footage showing suspected assassins stalking a Hamas operative in Dubai with a new advertising campaign.