‘Investment’ Archives
Oxford Business Group Consultancy Upgrades Dubai Operations
Oxford Business Group announced today it had completed the process of upgrading its operations in Dubai to a full limited liability company. Director of Oxford Business Consulting Andrew Jeffreys said, '"This process reflects the on-going success and strength of our consultancy business which has maintained strong revenues despite the weaker [...]
Dubai Bank implements Sharek staff suggestion programme
Dubai Bank today announced the successful implementation of its unique Sharek programme. The programme, which creates a platform for the bank's employees to make suggestions, is in line with the bank's policy of driving innovation and continuous improvement through staff engagement.
Cannavaro – captain of Italy…. and Al Ahli, Dubai
After captaining Italy at this month’s World Cup, the celebrated Azzurri centre-back Fabio Cannavaro will leave Juventus for Dubai. The 36-year-old former Real Madrid football star described his move to Dubai’ Al Ahli as “his dream.” Dubai and the Gulf have long lured players facing the twilight of their careers with [...]
Dubai World mending its reputation with $24bn debt deal
Dubai World, the state backed business conglomerate ,which is in neck deep debts has struck a deal with lenders to restructure its $23.5bn (£16bn) debt, in a bid to save the company reputation and to bring back the economy of the Emirates on track. The trouble started in last January when Burj Khalifa, the 828m tall record-breaking [...]
Dubai Holding posts $6.4bn losses
Dubai Holding Commercial Operations Group (DCOG), the real estate and hospitality business, has posted a loss of $6.4bn last year against a net profit of $4.74bn the year before, due to impairments coupled with a slump in the local property market. Total revenues in 2009 fell 28 percent to $2.6bn compared with 2008. The company – which [...]
Dubai Holding Unit Has Full-Year Loss of $6.2 Billion
June 1 (Bloomberg) -- Dubai Holding Commercial Operations Group LLC, a real-estate and hospitality company owned by the emirate’s ruler, reported a full-year loss of 22.8 billion dirhams ($6.2 billion) after property prices plunged in the Gulf’s trade and tourism hub. The loss attributable to shareholders compares with the year-earlier [...]
Dubai Tamweel execs get prison terms following corruption probe
Shirawi ordered to repay funds DUBAI, May 30, (RTRS): The former chief executive of Islamic lender Tamweel and three other officials were handed jail terms by the Dubai criminal court on Sunday, following a corruption probe aimed at boosting transparency in the Gulf Arab emirate. Adel al-Shirawi, who was dismissed as Tamweel chief executive [...]
Emaar offering commercial leases at prime locations
DUBAI - Global property developer Emaar Properties PJSC said it is offering commercial customers the opportunity to start businesses at two of their prestigious locations here in Dubai. Emaar is leasing commercial space at Emaar Square in Downtown Dubai and Emaar Business Park near The Greens. Potential tenants will become part of established [...]
Worries resurface as Dubai asks for time to pay
Concerns over the financial stability of Dubai reemerged yesterday when its government-owned investment arm requested a three-month extension on its debt repayments. Dubai International Capital, which once tried to buy Liverpool Football Club and includes Travelodge and Doncasters in its portfolio, has total debts of $2.5 billion (£1.7 [...]
Dubai investment vehicle announces debt deal
Dubai Dubai International Capital (DIC) has reached a deal with its main bankers to delay repaying debts of USD 2.6 billion (9.55 billion dirhams) for three months, the company has said. Dubai's premier investment vehicle said the company and its coordinating committee (Co-com) of banks requested lenders for a three-month extension of certain [...]
