‘Investment’ Archives
Freshfields advises Abu Dhabi Commercial Bank on their agreement to acquire The Royal Bank of Scotland’s retail banking business in the UAE Press Release
International law firm Freshfields Bruckhaus Deringer has advised Abu Dhabi Commercial Bank (ADCB), the third largest bank in the UAE, on their agreement to acquire The Royal Bank of Scotland The Royal Bank of Scotland's retail banking business in the UAE. This will be the first acquisition of an international bank's retail banking franchise [...]
Dubai Chamber brings business community face to face with Dubai Customs
The economic recovery is strongly making its presence felt on the business horizon, maintained HE Hamad Buamim, Director General, Dubai Chamber of Commerce & Industry citing examples of positive indicators like the Chamber members' export figures of recent times and sectoral performances that sum up the trend showing encouraging figures of a 18% [...]
Pakistan rice exports jump thanks to low price
ISLAMABAD: Pakistan’s rice exports jumped 50 percent to 4.5 million tonnes in the year till June, after a strategy to keep prices low helped raise demand in African and Gulf countries, a top industry official said on Monday. The lack of government intervention in the rice business and a continuing Indian ban on the export of non-basmati rice [...]
Dubai World loans sold, losses estimated at half of face value
The first round of sales of impaired loans made to Dubai World have concluded. Losses on the face value of the debts are estimated at nearly half the original value of the notes, the Financial Times reported Monday. Observers now expect Dubai World to utilize a special law and tribunal to support the efforts of the conglomerate to restructure [...]
Uganda Invites Middle East Resources To Bid For Oil Investment
KAMPALA Uganda (Dow Jones)--The Ugandan president has asked Dubai-based Africa Middle East Resources to submit a bid and compete for investment opportunities in the country's upcoming oil sector, the presidency said Sunday. In a statement, a spokeswoman said President Yoweri Museveni extended the invitation during talks with Mohammed [...]
Idea for major caviar business hatched at time of apprenticeship
The number of caviar farms is not enough to cover the present demand of the market, but Hamda hopes that by 2015 more farms will start producing caviar which will lead to more caviar in the market. Dubai: Hamda Al Harizi is the proud owner of a self-made business that provides luxury Caspian caviar exclusively for the UAE and other GCC [...]
Nahyan Bin Mubarak opens Indian Business Summit in Dubai
Minister of Higher Education and Scientific Research Sheikh Nahyan bin Mubarak Al Nahyan opened the Indian Business Summit in Dubai today. Addressing the summit organised by Federation of Indian Export Organisations (FIEO) at the Dubai World Trade Centre in association with the Dubai Chamber of Commerce and Industry, Sheikh Nahyan commended the [...]
Dubai fights for its finance sector
Since the credit crunch struck, Dubai's financial district has emerged in relatively better shape than many other parts of the emirate's economic infrastructure. While a few restaurants and financial entities have folded, larger institutions continue to base their regional operations in the district, even if they have trimmed their [...]
Empower eyes 60% more customers
Dubai: Emirates Central Cooling Corporation, or Empower, is targeting a 60 per cent increase in its customer base to 16,000 this year, compared to 10,000 in 2009, its chief executive said yesterday. This will make Empower the largest district cooling service provider in the region by number of customers. The company provides district cooling [...]
Dubai Investments Seeks to Circumvent Listing Rule in Unit IPO
Dubai Investments PJSC is considering listing a 30 percent stake in unit M’Sharie LLC on Nasdaq Dubai and trading the shares on the Dubai Financial Market PJSC to circumvent a regulatory rule, the chief executive officer said. Dubai Investments, which owns stakes in more than 40 companies, is seeking to sell shares in private equity unit [...]
