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February 2018 — BUSINESS DIRECTORY | Brand-GID | United Arab Emirates

February 1, 2018 no comments 199
Sources say airline is urgently examining ways to avert a technical default of bonds Etihad Airways is urgently examining ways to avert a technical default of some $1.2 billion in bonds indirectly linked to the Gulf airline, sources close to the situation told Reuters. An...

February 1, 2018 no comments 218
Conglomerate's outlook has been boosted by expected wins of new construction projects in Abu Dhabi and Dubai Abu Dhabi-based Al Jaber Group expects to seal a deal to restructure around 5.75 billion dirhams ($1.6 billion) in debt this month, a source at the company and other sources...

February 1, 2018 no comments 179
Federal Customs Authority reveals small uptick for first nine months of 2017 UAE non-oil trade figures rose slightly to about AED1.17 trillion ($320 billion) for the first nine months of 2017, according to the Federal Customs Authority (FCA). Preliminary statistical data revealed...

February 1, 2018 no comments 180
Project will play host to more than 20 food trucks, kiosks, restaurants, and cafes Dubai-based restaurant consultancy, Restaurant Secrets Inc (RSI), has announced that it is to launch Funoon District, a project that is under development in Sharjah. An extension of the Al Majaz...

February 1, 2018 no comments 247
Jebel Jais Flight measures 2.83km, officially certified by Guinness World Records prior to Thursday launch Ras Al Khaimah has achieved a Guinness World Record with its latest adventure tourism product – Jebel Jais Flight: The World’s Longest Zipline. The official certification was...

February 1, 2018 no comments 226
Stock market also sees 13% drop in trading value to AED115 billion Dubai Financial Market Company on Wednesday announced a net profit of AED233 million ($63.4 million) for 2017, down 8 percent compared to the previous year. Total revenues reached AED421.6 million in 2017 compared to...

February 1, 2018 no comments 421
The Penthouse at Five Palm Jumeirah is a day club in the morning and a posh bar at night If you have not heard of The Penthouse, chances are you will soon. Dubai’s newest gem is not located in Al Quoz or the back of Sheikh Zayed Road, but in the contemporary 5-star hotel Five Palm...

February 1, 2018 no comments 200
Majid Al Futtaim, a leading shopping mall, communities, retail and leisure pioneer, today reported a group revenue increase of 8 per cent to Dh32.2 billion ($8.77 billion) during 2017, while EBITDA increased by 1 per cent to Dh4.2 billion. The preliminary and unaudited operational and...

February 1, 2018 no comments 243
Dubai Islamic Bank (DIB) said it has successfully issued a $1-billion sukuk (Islamic bond) with a five-year tenor, maturing on February 6, 2023 on the back of the bank’s strong financial performance and attractive market positioning. The issuance emanating from DIB’s $5-billion sukuk programme...
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