October 4th, 2019 | 0 commentsDubai Investments, listed on the Dubai Financial Market (DFM), announced that it is still in the process to obtain the final licenses from the Securities Commodities Authority (SCA) to establish a real estate fund valued at AED 2 billion, according to a bourse filing. In April, managing director and CEO of Dubai Investments Khalid bin Kal...
October 3rd, 2019 | 0 commentsDana Gas, a leading gas company based in Sharjah, announced it has bought 1 million shares on 1 October 2019. This comes as part of the company’s buy-back programme previously approved by the UAE’s Securities and Commodities Authority (SCA) on 20 May 2019, according to a filing to the Abu Dhabi Securities Exchange (ADX). The average price...
October 1st, 2019 | 0 commentsDamac Properties, a Dubai-based property development company, revealed it has achieved 4.4 million safe hours at AYKON City, the $2 billion luxury mixed-use project being developed on Sheikh Zayed Road. This comes as a result of the company’s dedication to its workers' safety since 2002 by adopting the highest safety standards, according...
October 1st, 2019 | 0 commentsDubai Aerospace Enterprise (DAE) Ltd., a global leading aircraft leasing company, on Monday announced that it has signed a $300 million seven-year unsecured term financing with a group of six banks. The company will use the loan to repay secured debt and bolster business financing needs in the future, according to a press release. Abu Dha...
September 30th, 2019 | 0 commentsBloomberg, the global business and financial information and news leader, announced that it will host its Capital Markets Forum in Abu Dhabi for the first time on 2 October 2019. The first Bloomberg Capital Markets Forum Abu Dhabi aims at bringing together private and public finance sector leaders from the UAE and beyond, according to a p...
September 30th, 2019 | 0 commentsBloomberg, the global business and financial information and news leader, announced that it will host its Capital Markets Forum in Abu Dhabi for the first time on 2 October 2019. The first Bloomberg Capital Markets Forum Abu Dhabi aims at bringing together private and public finance sector leaders from the UAE and beyond, according to a p...
September 26th, 2019 | 0 commentsNational Bank of Fujairah (NBF) announced the successful completion of a $350 million five-year bond issuance of Additional Tier 1 with a coupon of 5.875%. The transaction has received around $1.5 billion in final order book and was oversubscribed by more than four times, according to a press release. The issuance, which is the bank’s fir...
September 24th, 2019 | 0 commentsDeyaar Development, listed on the Dubai Financial Market (DFM), announced that the Court of Appeal has issued a judgment in favour of the company regarding its cases with Limitless. The Court of Appeal has affirmed the judgment of Dubai Court of First Instance to cancel all sale and purchase agreements of the land plots in dispute, accord...
September 23rd, 2019 | 0 commentsTiger Properties, a subsidiary of Tiger Group, launched the Blue Waves Tower project in Dubai’s Liwan, with total investments of AED 500 million ($136.13 million). Situated on one million square metres, the project includes 600 residential and commercial units, and offices, along with a 1,500 metres promenade, recreational and play areas,...
September 19th, 2019 | 0 commentsThe smart cities sector in the Middle East and Africa (MEA) region is poised for solid growth over the next few years with the market set to double from $1.3 billion last year to $2.7 billion by 2022, according to a report by KPMG released at the recent sixth Annual Arab Future Cities Summit. The two-day event, held under the patronage of...
