UAE. Dubai expects two of its main companies to refinance debt this year without government help as economic growth accelerates. "I'm very confident they will manage to sort out these issues on their own," Mohammed Al Shaibani, director general of the Dubai ruler's court, said.
INTERNATIONAL. New research from PwC projects that traditional assets under management (AuM) in 12 markets across Africa will rise to around US$1,098 billion by 2020, from a 2008 total of US$293 billion.
UAE. Egis acquires 51% of Projacs, the leading project and construction management firm in the Middle East. This transaction represents a new stepping stone for the development of both Egis and Projacs.