(Bloomberg) — Limitless LLC asked banks to delay debt repayments for a third time as an on-going slump in property prices weighs on the Dubai-based developer, people...
(Bloomberg) — CVC Capital Partners is close to a deal for a 25% stake in Dubai’s GEMS Education, a private school operator backed by Blackstone Group LP,...
(Bloomberg) — Emirates NBD received a key regulatory approval taking Dubai’s biggest lender a step closer to completing its purchase of Turkey’s Denizbank, two people with...
The wait for 5G ended in UAE when the telecom leader Etisalat launched the country’s first 5G-enabled smartphone ZTE Axon Pro10, on June 4. With speed...
The United Arab Emirates’ sovereign wealth fund boosted its stake in Dubai-based telecom operator Du, snapping up a stake valued at about $630 million. The Emirates...
(Bloomberg) — Banks in the United Arab Emirates may go through a second wave of consolidation as lenders seek to improve profitability and tackle inefficiencies, according...
(Bloomberg) — Dubai Islamic Bank PJSC is proceeding with plans to acquire a smaller local rival as the United Arab Emirates’ biggest Islamic lender joins a...
(Bloomberg) – Passengers flying from Melbourne to the Gulf are almost certainly flying along with sheep carcasses down in the hold. The strong demand for sheep meat...
(Bloomberg) – Economic growth in OPEC’s third-biggest producer this year will fall far short of previous estimates and could undershoot the latest projections from the International Monetary Fund, according...
(Bloomberg) — Dubai’s main port and biggest free zone authority plans to return 1.3 billion dirhams ($354 million) in cash and bank guarantees to its clients...
