UAE. Dubai will employ US$1.25 billion raised through an Islamic bond last week to fund the expansion of its airport and sees no risk to repaying creditors at its flagship conglomerate Dubai World on time.
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.