UAE to Set Up 1500-Km Freight, Rail System
The UAE is in process of developing the state-of the art 1500-kilometre long freight and passengers rail network in next eight years, a top official said.
The development of the Union Railway marks the beginning of an era of long-term investme
Siemens wins $41m power supply order from UAE
Siemens Energy has received an order worth approximately EUR30 million ($41.28 million) from Dubai-based Federal Electricity and Water Authority (Fewa) as part of the latter’s power supply network expansion.
The order from the UAE covers the su
UAE bourses up again as investors more confident
The Abu Dhabi and Dubai exchanges finished higher again yesterday, ending a week in which investor confidence seemed to improve markedly.
The Dubai Financial Market (DFM) General Index climbed almost 4 per cent for the week and the Abu Dhabi Se
Tags: again, as, bourses, confident, Investors, more, UAE, Up
UAE banks can absorb any shock: official
Banks in the UAE are strong enough to absorb any shock, including the impact of Dubai World’s debt restructuring, the director-general of the Finance Ministry said yesterday.
“The committee, which is headed by our minister, made sure that UAE b
UAE govt ready to back Dubai
The United Arab Emirates pledged its support for Dubai yesterday but said the emirate had yet to ask for federal help, which analysts said would come reluctantly and with strings attached. The UAE finance minister said the federal government would support
AXA records growth in property insurance in UAE
AXA Insurance Gulf saw growth in its commercial as well as personal property insurance premium in the UAE last year, compared to a year earlier, according to a top official of the company.
“In the UAE, the commercial property insurance premium
UAE govt ready to back Dubai
The United Arab Emirates pledged its support for Dubai yesterday but said the emirate had yet to ask for federal help, which analysts said would come reluctantly and with strings attached. The UAE finance minister said the federal government would support
AXA records growth in property insurance in UAE
AXA Insurance Gulf saw growth in its commercial as well as personal property insurance premium in the UAE last year, compared to a year earlier, according to a top official of the company.
“In the UAE, the commercial property insurance premium
UAB calls for more bank mergers in UAE
The UAE Government should come out with schemes to encourage mergers in the banking system, Union of Arab Banks (UAB) Chairman Adnan Ahmed Yousif said yesterday.
The UAE has more than 50 banks but only one merger, between Emirates Bank Internat
Adib largest net lender in UAE interbank market
Abu Dhabi Islamic Bank (Adib), the oldest and the only listed Islamic bank from the capital, claims to be the largest net financier in the UAEs interbank market.
Talking to Emirates Business, Tirad Mahmoud, the banks Chief Executive Officer, sa
Tags: ADIB, in, interbank, largest, lender, Market, net, UAE
Financial Reports
- Fitch Affirms Strong Rating to NBAD
- Emaar Unit Opens New Facility in TechnoPark
- Ithmaar plans $400m capital hike for expansion
- Al-Rajhi Bank market capitalization makes it Saudi’s largest
- Vodafone Qatar to mark Grand Prix with special call rates to Bahrain
- Capital Intelligence affirms Investcorp ratings
- Alwaleed again tops Arab rich list
- Investment Dar seeks legal protection
- Barwa Village is ready to take in first lot of tenants
- Qatar Telecom Faces Possible Moody’s Downgrade