Emaar Properties Convertible Notes Placing Receives Overwhelming Investor Demand Globally

On 29 September, 2010 Emaar Properties PJSC (“Emaar” or “the Company”) announced the placement and final terms of its offering of US$450 million of...

The Dubai Bond four times subscribed

The Dubai government is set to raise as much as $1.25bn as its sovereign bond issue moved to price on Wednesday, reported The Financial...

Dubai to launch new dollar bond – Statement

The Government of Dubai has hired Deutsche Bank, HSBC, and Standard Chartered to issue a dollar-denominated bond, according the official news agency WAM. The planned...

Investor confidence may continue to rise

Dubai plans to tap the international capital markets as early as next week with its first bond issue since the debt standstill in the...

KIPCO sells 39.2% stake in GIC to Fairfax Financial Holdings Ltd...

Kuwait Projects Company (KIPCO) said that it has signed a deal with Fairfax Financial Holdings Ltd (FFH.T) to sell a 39.2% stake in Gulf...

One Million Air Miles awarded to HSBC Gold Air Miles Cardholder

A million possibilities to enjoy endless rewards await one lucky Cardholder of the recently launched exclusive Gold Air Miles Card, for being the first...

UAE Stocks Get First Emerging Market Status at FTSE Group

FTSE Group (FTSE), the award winning global index provider, today confirms the addition of the United Arab Emirates (UAE) as a secondary emerging market...

BofA Merrill Lynch Fund Manager Survey finds renewed optimism over...

Investors have returned from holidays with a defensive mindset but fresh hopes are emerging about China’s economic prospects, according to the BofA Merrill Lynch...

SCA Board changes brokers’ regulation

Following a Cabinet approval of the new board set-up, the reconstituted board of the Emirates Securities and Commodities Authority (SCA) has held its first...

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...

Investor confidence in Dubai as hub for FDI in Middle East...

The Foreign Investment Office (FIO), an agency of the Dubai Department of Economic Development (DED), has commissioned an in-depth special study to further enhance...

SCA launches a new service for iPhone and iPad users

As part of its efforts to improve the e-services rendered to investors, dealers, partners and researchers, the Emirates Securities and Commodities Authority (SCA) announced...

GFH announces the appointment of executive Chairman and new capital program

Gulf Finance House B.S.C. (GFH) today announced the appointment of Esam Janahi as Executive Chairman and the launch of a new capital program. Following...

Corporate and personal tax rate in Bulgaria likely to remain at...

Bulgaria is becoming more and more attractive destination for foreign business owners and individuals to take advantage of the low corporate profit and individual...

Bahrain Financial Harbour repays US$134M Sukuk facility

Bahrain Financial Harbour Holding Company B.S.C. (c) (“BFHHC”), whose owners, Emar Bahrain (“Emar”), agreed to purchase Gulf Finance House’s (“GFH”) 49.88% investment in BFHHC...

Western Union Commits $100,000 to Flood Relief Efforts in Pakistan

To help the victims of Pakistan’s natural disaster of heavy rains and flooding affecting upwards of 14 million people, The Western Union Company (NYSE:WU),...

Emirates Islamic Bank launches Ramadan Promotion

Emirates Islamic Bank get into the spirit of Ramadan by launching INTALEQ (Vehicle Finance) Promotion. This new Sharia-compliant vehicle finance promotion will run until...

INVESCO launches Offshore Latin American Equity Fund

Invesco today announced the launch of a new fund, the Invesco Latin American Equity Fund, available to offshore investors and managed by award winning...