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Last Updated: Thu, Sep 3 2015 | 8:20 AM |
Dubai's Atlas Group claims it will clear its debts
Banking & Finance»

Dubai's Atlas Group claims it will clear its debts

Thursday, 3 September 2015 12:20 PM

Group's owner was detained last month on allegations of bouncing cheques worth nearly $15m

SMEs say less optimistic for sales, growth in the UAE for Q3
StartUp»

SMEs say less optimistic for sales, growth in the UAE for Q3

Wednesday, 2 September 2015 3:00 PM

New survey also says the ability of SMEs to collect payments and raise financing in the UAE has decreased in Q2

1
UAE's Mubadala unit Strata sees 15% revenue growth in 2015
Banking & Finance»

UAE's Mubadala unit Strata sees 15% revenue growth in 2015

Tuesday, 1 September 2015 6:35 PM

Chief executive of manufacturing unit says he aims to break even in two years' time

Beating state debt addiction proves hard for UAE banks
Banking & Finance»

Beating state debt addiction proves hard for UAE banks

Tuesday, 1 September 2015 4:14 PM

Banks' exposure to the public sector as a percentage of capital stood at 128% in May, the highest since the late 1970s

Dubai's DIC says sale of alumina supplier Almatis completed
Banking & Finance»

Dubai's DIC says sale of alumina supplier Almatis completed

Tuesday, 1 September 2015 2:00 PM

Private equity arm of Dubai Holding says it has sold Almatis to Turkey's OYAK after receiving regulatory approvals

Dubai's DIFC Courts picked to advise on Kazakhstan financial hub
Banking & Finance»

Dubai's DIFC Courts picked to advise on Kazakhstan financial hub

Tuesday, 1 September 2015 2:00 PM

Kazakhstan’s central bank seeks help to set up world class commercial court system at planned Astana International Financial Centre

Dubai’s SKAI in $300m funding deal with some of China's biggest banks
Property»

Dubai’s SKAI in $300m funding deal with some of China's biggest banks

Tuesday, 1 September 2015 11:02 AM

Syndicated finance package includes Abu Dhabi Islamic Bank and Industrial and Commercial Bank of China, the world’s largest lender by assets.

Dubai gold retailer defaults on $136m, banks consider options
Banking & Finance»

Dubai gold retailer defaults on $136m, banks consider options

Monday, 31 August 2015 3:44 PM

Update: non-payment by Atlas Jewellery, which has more than 50 branches across the Gulf and in India, said to affect at least 15 banks

1
UAE residents to get access to credit report by Q4
Banking & Finance»

UAE residents to get access to credit report by Q4

Monday, 31 August 2015 1:50 PM

Al Etihad Credit Bureau CEO says almost all banks are now using date from credit bureau

Dubai Atlas Jewellery owner reportedly detained over outstanding debts
Retail»

Dubai Atlas Jewellery owner reportedly detained over outstanding debts

Monday, 31 August 2015 11:42 AM

Numerous banks lodged complaints with Dubai Police over bounced cheques

2
UAE's GEMS Education refinances $818m loan at better terms
Education»

UAE's GEMS Education refinances $818m loan at better terms

Sunday, 30 August 2015 5:42 PM

Joins a number of UAE firms using plentiful liquidity in the local banking system to enhance borrowing terms.

UAE investors expect market to grow over next 12mths – survey
Banking & Finance»

UAE investors expect market to grow over next 12mths – survey

Sunday, 30 August 2015 4:15 PM

Organisers of Cityscape Global claim property investors expect the UAE market to grow, contrary to analysts’ predictions

1
Dubai's Abraaj inks deal to exit stake in Peru's Condor Travel
Banking & Finance»

Dubai's Abraaj inks deal to exit stake in Peru's Condor Travel

Saturday, 29 August 2015 10:04 AM

Company says it has signed an agreement with Carlyle Group; marks first secondary private equity sale in Peru

UAE's VAT plan 'unlikely to result in expat exodus'
Banking & Finance»

UAE's VAT plan 'unlikely to result in expat exodus'

Saturday, 29 August 2015 12:48 AM

Links Group says move is sign of maturing market and is unlikey to deter foreign investors from setting up shop in the UAE

13
Alitalia 'revitalised' after Etihad investment, says Hogan
Banking & Finance»

Alitalia 'revitalised' after Etihad investment, says Hogan

Friday, 28 August 2015 9:03 AM

Abu Dhabi airline chief confirms plan for Italy's national carrier to break-even in 2016 and see profits in 2017


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