UAE. Dubai state companies are securing bank financing as the latest tumult in global markets fails to derail the emirate's recovery from the 2009 debt crisis.
Dubai Holding LLC, one of the three main state-owned holding companies, reached an accord with lenders to extend a US$1.16 billion loan to December 2016, according to a company official. Port & Free Zone World FZE, an intermediate holding company for port operator DP World Ltd. (DPW), is raising US$850 million to refinance debt, three bankers familiar with the plan said. Investment Corporation of Dubai said on August 8 it will rep
UAE. 'We all have a role to play ', says ACCA welcoming a proposed international framework for audit quality. "All the stakeholders in the corporate reporting supply chain have to pull together."
UAE. "We assess the proposed hybrid capital securities as having intermediate equity content, under our criteria," said Standard & Poor's Ratings Services.
UAE. Mashreq plans to tap the rising demand for banking services by mobile phone users with the launch of an enhanced version of its Mobile Banking Service called "Snapp".
UAE. While new orders continued to rise sharply, the rate of increase eased to the slowest in a year. Meanwhile, employment levels rose at the fastest pace in two years.
UAE. Dubai and Qatar deserve to be upgraded T. Rowe Price Group said, after the emirates failed to satisfy the index provider's requirements for four years.
INTERNATIONAL. The luxury department store chain hired Goldman Sachs to explore strategic alternatives, including a possible sale, according to a source briefed on the matter.
INTERNATIONAL. Professor Jon Rushman has accused the US authorities of being "hysterical' after seizing the bank account of the world's biggest Bitcoin exchange and called for an "intelligent debate" about the future of virtual currency.
UAE. "We found 41% of participants indicated that CSR is reported directly to the CEO, which demonstrates the importance of CSR as an emerging business issue."
INTERNATIONAL. Paid media stunt to attack Saudi regulators; Financial backers of the report are unknown; "We see this effort as an attempt by one or more international creditors to distort the history of this dispute."
EGYPT. The Egyptian government is facing an increasingly difficult set of economic circumstances that could raise inflationary pressures and lead to further social unrest, says a report by Standard & Poor's Ratings Services
INTERNATIONAL. JPMorgan Chase shareholders Tuesday voted down a shareholder proposal to split the chairman and chief executive roles, handing bank chief Jamie Dimon a big victory.
UAE. IMF Regional Economic Outlook Update looks at the implications of the economic roads ahead for the Middle East, North Africa. Afghanistan, and Pakistan (MENAP) region against the backdrop of complex political, social, and economic transitions.
UAE. "Growth may be anemic, but it's not at stall speed, nor likely to be. Bonds are the assets which are trading expensively, and stocks - even after their rally - look much cheaper.
UAE. Aims to provide on-demand business and financial analysis; Saxo TV is integrated with TradingFloor.com, Saxo Bank's social financial investment community.
UAE. While new orders continued to rise sharply, the rate of increase eased to the slowest in a year. Meanwhile, employment levels rose at the fastest pace in two years.
iNTERNATIONAL. Control over Homs will enable al Assad to rapidly move forces from the north to the south to meet emerging rebel threats. It will also provide a key avenue of retreat to the Alawite coast in the event that he needs to flee Damascus.
INTERNATIONAL. A government that slaughters its people and maims a whole generation is not a government with whom to negotiate. It is nothing short of travesty that the Obama administration is still mired in the illusion that a political solution is possible.
UAE. While new orders continued to rise sharply, the rate of increase eased to the slowest in a year. Meanwhile, employment levels rose at the fastest pace in two years.
UAE. Experts address information security issues at Gulf Information Security Expo and Conference; Kevin Mitnick, hacker turned international cyber security guru, to deliver keynote address on the threat hackers pose to corporate security.
INTERNATIONAL. Nothing new is coming online anytime soon and movement on developing renewable energy resources has been sadly inadequate. The idea that shale reservoirs will lead the US to energy independence will soon enough be recognized as unrealistic hype.
UAE. While new orders continued to rise sharply, the rate of increase eased to the slowest in a year. Meanwhile, employment levels rose at the fastest pace in two years.
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