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Friday, November 17, 2017
Tags Dubai World

Dubai World

Dubai regains its position as shipbuilding and maritime centre

Dubai is strengthening its reputation as a shipbuilding and maritime centre by looking to leverage its location. It is doing that with the support...

Dubai’s construction sector shifting gear

The construction sector in Dubai has almost stopped new projects while slowly recovering from the global financial crisis. However, by the end of June international...

Istithmar World’s new Board of Directors reviews growth plans; Appoints new...

The newly constituted Board of Directors of Istithmar World, a premier investment company with a broad international portfolio across North America, Europe, the Middle...

Dubai is now sole owner of Atlantis

Atlantis The Palm, Dubai’s megaresort flagship has 1,537 rooms, a world class waterpark and 18 restaurants Atlantis, The Palm Dubai is a best performing assets...

Dubai neither doomed to fail, nor a safe haven

UAE looks better placed than other markets in CEEMEA at the current time.

UAE Real GDP growth seen at 4.2 pct in 2011

The United Arab Emirates' economy is expected to grow by 4.2 percent in real terms this year, according to the National Bureau of Statistics. Real...

Online insurance offered to users of Dubai Trade Portal

Insure Direct (Brokers) LLC, a member of end-to-end insurance solutions provider Brokerage World Solutions (BWS), and Dubai Trade, the premier trade facilitator under Dubai...

J.P. Morgan: Dubai Holding may sell stakes in du and other...

Dubai Holding's main unit, Dubai Holding Commercial Operations Group (DHCOG) may sell its entire telecom portfolio by 2015 in order to pay back contractor...

Dubai Government to take over Nakheel and Limitless

The Board of Directors of Dubai World (the “Company”) today announced it had appointed two new senior managers to the team that oversees the...

Dubai World’s Tribunal opens Public Consultation for New Rules

Proposed rule amendments in line with evolving case requirements New rules available on Tribunal website for one month period starting Public consultation underpins commitment to...

“The World” Saga

“The World”, an archipelago of artificial islands reclaimed a few kilometres off the Duba’s coastline is almost forgotten. Nakheel, the developer behind it, which is...

Sheikh Ahmed Bin Saeed Al Maktoum appointed Dubai World Chairman

Sheikh Ahmed Bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman of Emirates Group, has been named Chairman of Dubai World. His Highness...

Dubai Government provides necessary information and updates on Dubai World

The Government of Dubai today reiterated its commitment to provide necessary information and updates on Dubai World (the "Company") and its businesses ahead of...

Dubai World’s approval from creditors to change terms of debt to...

According to UBS AG and Moody’s Investors Service, Dubai World’s approval from creditors to change the terms on $24.9 billion of debt is likely...

Dubai World expects to complete the restructuring over the coming months

Dubai World (the “Company”) announces that it held a meeting in Dubai today with its creditor banks to present formally the proposed...

The board of Nakheel will take over Limitless

The board of Dubai World subsidiary Nakheel will take over the responsibility of Limitless, another developer owned by the Dubai World, and...

Dubai World seeking to sell Inchcape Shipping Services

Dubai World has been seeking to sell Inchcape Shipping Services (ISS). The port and shipping agent was put up for sale recently by...

DP World’s concession in Mozambique extended to 2033

Global marine terminal operator DP World today announced that its concession for the port of Maputo, Mozambique has been extended to 2033 ...

Is Dubai World the Only Problem in Town?

Last week Dubai World announced that it was creeping closer to a deal with its creditors. Welcome news not only for investors,...

Dubai World Agrees Headline Economic Terms in Principle with Coordinating Committee

Dubai World (the “Company”) is pleased to announce today that headline economic terms have been agreed in principle with the Coordinating Committee (“CoCom”), representing...

Creditors to Dubai World have accepted an offer from the conglomerate,...

Lenders to Dubai World  have accepted an offer from the conglomerate to settle $14.2 billion in outstanding bank claims, according to a report in...

Nakheel offers Deal to Investors

As part of its $9 billion recapitalization plan, Nakheel - part of Dubai World conglomerate, offered a ray of hope for investors in its...

Nakheel’s Executive Board Reshuffled

The executive board of Nakheel was completely reshuffled today, reported Reuters. The Dubai government said in a statement the new board would help prioritize...

Nakheel to offer sukuk to trade creditors

Nakheel trade creditors will be offered a large-scale Islamic bond as part of a debt restructuring plan issued by parent firm Dubai World last...