DubaiScene

Dubai spends $250M to get full control of AtlantisBoston.comDUBAI, United Arab EmiratesDubai says it now has full control of the Atlantis resort hotel perched atop its palm-shaped island. State-run investment firm Istithmar World said late Friday it paid $250 million to buy out business partner [...]

The National

TEXT-Fitch affirms Emirates NBDReutersThe affirmation of ENBD's IDRs, Support Rating and Support Rating Floor reflects the extremely high probability of support from the UAE authorities and the emirate of Dubai, given ENBD's substantial domestic franchise, majority ownership by the …ENBD wary of new loan regulationsGulf Daily Newsall 10 news [...]

Khaleej Times

UAE best businesses honouredKhaleej TimesDubai Chamber of Commerce and Industry on Wednesday honoured 14 UAE-based companies with Mohammed bin Rashid Al Maktoum Business Award in recognition of their exceptional performance. The 6 th Cycle Award ceremony was attended by Shaikh Hamdan bin …Dubai Chamber honours top achieversgulfnews.comMajid bin [...]

ArabianBusiness.com

Top Dubai lender ENBD's Q1 profit beats forecastsReutersThe lender, 55.6-percent owned by the Investment Corporation of Dubai, has seen profits hit in recent quarters in the wake of continuing debt workouts by state-linked entities in the emirate. On Wednesday, it posted a first-quarter net profit of [...]

Al-Arabiya

Dubai picks banks for up to $1.5 bln bond – sourcesReutersBy Raissa Kasolowsky and Rachna Uppal DUBAI, April 24 (Reuters) – Dubai has mandated four banks for a sovereign bond issue of up to $1.5 billion which may be launched as early as [...]

gulfnews.com

Let's talk, UAE tells IranKhaleej TimesThe Cabinet meeting was chaired by His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. Shaikh Mohammed chairs the Cabinet meeting in Abu Dhabi on Sunday. Wam In accordance with UAE's …UAE, [...]

Dubai Shares Snap Five-Day Drop Before Emaar Dividend, ResultsBloombergEmirates NBD PJSC (EMIRATES), Dubai's biggest lender, rose 2.9 percent. The DFM General Index (DFMGI) climbed 0.9 percent, set for the first gain since April 12, to 1652.68 at 11:35 am in the emirate. The Bloomberg GCC [...]

CTV.ca

Wary UAE tightens screws on IslamistsChicago TribuneABU DHABI/RAS AL-KHAIMAH, United Arab Emirates (Reuters) – Wary of the Muslim Brotherhood's growing influence in the Arab world, the United Arab Emirates is clamping down on Islamists, anxious they could be emboldened to challenge a government that has …Wary United [...]

Al-Arabiya

Tiny Gulf islands rekindle big Arab-Iran disputeThe Associated PressTehran maintains that an agreement signed eight years before its 1979 Islamic Revolution between the shah and the ruler of one of the UAE's seven emirates, Sharjah, gives it the right to administer Abu Musa and station [...]

The National

Dubai foreign trade hits Dh1 trillion for the first timeKhaleej TimesDubai enhanced its status as the second most targeted city for international retailers as the UAE emerged as the world's second most preferred retail market, a global survey has found. The latest [...]