‘Investment’ Archives
Business boost for Gulf states
Ed Koch, the colourful and often controversial former mayor of New York City, made it a practice as he walked the streets of his city to stop and ask average citizens "How am I doing?" in an effort to learn how they viewed the performance of his administration and its delivery of services. Asking and listening are always useful exercises. [...]
Dubai Holding unit delays 2009 results again
Dubai Holding Commercial Operations Group (DHCOG), a unit of the conglomerate owned by Dubai's ruler, said it was delaying its full-year results again due to complexities in consolidating results of its units. The company said in April it had delayed its 2009 financial results by two weeks to May 16, and trading in its Islamic bond, listed on [...]
Should European contagion spread, Gulf credit spreads would widen’
JEDDAH - The Gulf is for the most part insulated from the Greek crisis, but the UAE does exhibit some vulnerability due to the debt troubles facing the emirate of Dubai, contending with debt exceeding $100 billion, including $25 billion under negotiation for restructuring, Credit Agricole Corporate & Investment Bank said on Friday. In its [...]
Largest hypermarket in Dubai Investments Park opens for business
Residents at Dubai Investments Park (DIP), the largest integrated business and residential community in the Middle East, can now enjoy an exciting one-stop shopping experience closer to home with the opening of a sprawling new hypermarket at the Park. Spread over 100,000 square feet, the new Ramla Hypermarket - owned and operated by the Abu [...]
Dubai Holding Commercial Has Access to Funds, Moody’s Says
Dubai Holding Commercial Operations Group LLC, a real estate and hospitality group, has access to “other” funds should banks decline to roll over a $555 million credit facility due in July, Moody’s Investors Service said. Dubai Holding Commercial “is currently looking to rollover this facility and is negotiating commercial terms with [...]
Dubai Womens College business students win Collegiate Business Strategy Competition
A team of four business students from Dubai Womens College (DWC), accompanied by their faculty advisors, recently won the 46th Annual International Collegiate Business Strategy Competition which was held at San Diego, California, USA. Over 26 universities competed in this year's competition including teams from American and European [...]
Arqaam seeks profit in hidden gems
The quality and depth of research on Middle Eastern companies has improved markedly over the past few years, based on improved financial reporting and better-regulated stock exchanges. But many smaller companies in the region remain unexamined by the investment community. Arqaam Capital, an ambitious Dubai-based brokerage and investment bank, [...]
Dubai Outlet Mall expansion plan ’still on track’
Dubai Outlet Mall’s expansion plans, which were delayed due to the downturn, are currently at the design stage and are due to move forward in the next quarter, Arabian Business has been told. The expansion was first announced in April 2009 but were put on hold amid the impact of the global slowdown on Dubai's retail industry. “The [...]
Dubai Holding Hires Debt Advisers
Dubai Holding Commercial Operations Group, part of the Dubai Holding conglomerate controlled by the emirate's ruler Sheik Mohammed bin Rashid Al Maktoum, has appointed financial-services firm PricewaterhouseCoopers as advisers ahead of a potential debt restructuring, a person familiar with the matter said Monday. Dubai Holding Commercial [...]
Dubai, Qatar Stocks Lead Drop in Gulf on Debt Crisis, Oil Slump
May 9 (Bloomberg) -- Dubai and Qatari shares slumped, leading a drop in the Gulf, after global stocks tumbled on concern Europe’s debt crisis will spread beyond Greece and slow the global economic recovery. Crude oil fell to $75 a barrel. Air Arabia PJSC, the Middle East’s largest low-cost carrier, retreated the most in more than a month [...]
