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Drake & Scull Unit Gets $132 Million Contract From Dubai’s Damac (Bloomberg)
March 10, 2010 – 2:51 pm | No Comment

March 10 (Bloomberg) — Drake & Scull International PJSC, a Dubai-based construction company, said its unit won two contracts worth a combined 484 million dirhams ($132 million).

Drake & Scull Unit Gets $132 Million Contract From Dubai’s Damac (Bloomberg)
March 10, 2010 – 2:51 pm | No Comment

March 10 (Bloomberg) — Drake & Scull International PJSC, a Dubai-based construction company, said its unit won two contracts worth a combined 484 million dirhams ($132 million).

Nakheel Bond Rises to Month High on Dubai World Debt Talks (Bloomberg)
March 9, 2010 – 10:05 am | No Comment

March 9 (Bloomberg) — Nakheel PJSC’s $750 million sukuk maturing in January gained 2.9 percent to 52.75 cents on the dollar at 12:20 p.m. in Dubai, according to prices compiled by Bloomberg. The bond headed for its highest close in a month.

Nakheel January Bond Climbs as Dubai World Said to Seek Rollover (Bloomberg)
March 8, 2010 – 10:51 am | No Comment

March 8 (Bloomberg) — Nakheel PJSC’s 2.75 percent $750 million sukuk maturing in January gained 2 percent to 51.25 cents on the dollar at 1:07 p.m. in Dubai, according to prices compiled by Bloomberg. They closed at 50.25 cents on the dollar on March 5.

Dubai Financial Market Adopts Modified Tick Size From March 11 (Bloomberg)
March 4, 2010 – 12:06 pm | No Comment

March 4 (Bloomberg) — Dubai Financial Market PJSC, the only Gulf Arab stock market to sell shares to the public, will adopt a new tick size system for share trading from March 11.

Danske Bank Takes Control of New York Building From Dubai World (Bloomberg)
March 4, 2010 – 12:30 am | No Comment

March 4 (Bloomberg) — Danske Bank A/S took control of a 104-year-old office building in New York’s Times Square from Istithmar World PJSC, the second loss of a Manhattan property by the Dubai World unit in three months.

Dubai Stocks Erase Losses; Emaar Properties, Emirates NBD Gain (Bloomberg)
February 25, 2010 – 11:50 am | No Comment

Feb. 25 (Bloomberg) — Dubai stocks erased earlier losses as Emaar Properties PJSC and Emirates NBD PJSC advanced.

Dubai Hasn’t Drawn $4 Billion from Abu Dhabi Banks (Update1) (Bloomberg)
February 24, 2010 – 5:51 am | No Comment

Feb. 23 (Bloomberg) — Dubai, which borrowed $5 billion from Al Hilal Bank and the National Bank of Abu Dhabi PJSC in November, hasn’t used the $4 billion still available, Al Hilal Bank said.

Dubai’s Nakheel Pays Interest on $750 Million Bond (Update1) (Bloomberg)
January 19, 2010 – 1:51 pm | No Comment

Jan. 19 (Bloomberg) — Nakheel PJSC, the developer of palm- tree shaped islands off Dubai’s coast, paid the coupon on a $750 million bond as its parent Dubai World negotiates with lenders to change terms on about $22 billion of debt.

Dubai Index Drops to One-Month Low on Earnings Concern, Oil (Bloomberg)
January 19, 2010 – 11:35 am | No Comment

Jan. 19 (Bloomberg) — Dubai shares declined to their lowest level in more than a month led by Emaar Properties PJSC and Emirates NBD PJSC as investors awaited fourth-quarter earnings and oil fell for a sixth day.

Dubai December Bond Sale Included Earlier $5 Billion (Update2) (Bloomberg)
January 18, 2010 – 12:36 pm | No Comment

Jan. 18 (Bloomberg) — Dubai’s $10 billion fund-raising last month, helping to repay property company Nakheel PJSC’s Islamic bond, included the $5 billion commitment made by two state-run Abu Dhabi banks in November, a Dubai government spokeswoman said.

Dubai Received $5 Billion From Abu Dhabi in December (Update1) (Bloomberg)
January 18, 2010 – 9:21 am | No Comment

Jan. 18 (Bloomberg) — Dubai’s $10 billion fund-raising last month to help repay property company Nakheel PJSC’s Islamic bond included the $5 billion commitment by two state-run Abu Dhabi banks in November, a Dubai government spokeswoman said.

Dubai Index Drops to 2-Week Low on Concern About Arabtec Deal (Bloomberg)
January 11, 2010 – 11:00 am | No Comment

Jan. 11 (Bloomberg) — Dubai shares slid to the lowest level in almost two weeks on investor concern that shareholders will not benefit from a planned purchase of a 70 percent stake in Arabtec Holding Co. by Aabar Investments PJSC.

Dubai Index Declines on Below Market Offer for Arabtec Stake (Bloomberg)
January 10, 2010 – 3:31 pm | No Comment

Jan. 10 (Bloomberg) — Dubai shares dropped for the first time in four days after Abu Dhabi-based Aabar Investments PJSC agreed to buy a stake in Arabtec Holding PJSC for 20 percent less than the company’s previous closing price.

Dubai Shares Gain as Foreigners Return, Oil Rises; Kuwait Falls (Bloomberg)
January 6, 2010 – 10:20 am | No Comment

Jan. 6 (Bloomberg) — Dubai shares rose for a second day, led by Emaar Properties PJSC and Aramex PJSC, as foreign investors returned and oil traded near a 14-month high.

Dubai Shares Gain Most in Gulf as Burj Dubai Is Set to Open (Bloomberg)
January 3, 2010 – 10:35 am | No Comment

Jan. 3 (Bloomberg) — Dubai’s benchmark index rose to the highest in two weeks, leading gains among Gulf markets, as investors speculated that the opening of the world’s tallest tower tomorrow will boost earnings at Emaar Properties PJSC.