Abu Dhabi Commercial Bank, Citi, FAB, JPMorgan, Morgan Stanley and Standard Chartered are arranging the deal DUBAI - Abu Dhabi state fund Mubadala sold $1.5 billion two-tranche bonds on Thursday, a document showed, returning to the debt markets less than three months after it raised...

Budget carrier to operate three flights weekly to resort town Sharm El Sheikh UAE’s low-cost carrier Flydubai is expanding its services on the Egyptian route as demand for travel continues to rise. Starting from June 15, the airline will operate three flights weekly to Sharm El...

60% of sales transactions were for secondary/ready properties and 40% were for off-plan properties DUBAI - Dubai’s real estate market continues to achieve record numbers in the number and value of real estate sales transactions, thus enhancing the emirate's global position as the...

Wizz Air Abu Dhabi will fly to Santorini from July 2, twice per week ABU DHABI - Wizz Air Abu Dhabi, the newest national airline of the United Arab Emirates, will fly two times per week from the UAE capital to one of Greece’s most stunning travel destinations: the island of Santorini....

The senior unsecured bonds are due on 2024 and exchangeable under certain conditions The Abu Dhabi National Oil Company (ADNOC) will offer approximately 375 million shares in ADNOC Distribution at a price of AED 4.36 per share ($1.19). The UAE oil giant will also issue...

Strategy shifts to value-for-money offerings to attract price-conscious market Emaar Entertainment, a subsidiary of Dubai-listed developer Emaar Properties, is ramping up its focus on the domestic market following a slump in international visitor traffic, its chief executive officer...

“Neptune,” the first floating villa of a batch of 12 Floating Sea Palace Resorts, has been successfully placed in the sea after completing a series of tests. The project is pioneering by an Emirati company in the ships and vessels industry "Seagate Shipyard,” Al Hamra Port in Ras Al Khaimah...

187,949 Ejari contracts were recorded in January - April 2021 DUBAI - Dubai has registered 25,455 real estate transactions worth AED92 billion from January - April 2021, thus achieving an increase of 51 percent in terms of the number of transactions and 72 percent in terms of their...

Equitable vaccine rollout, simplified testing to help recovery Air travel demand can return to pre-COVID-19 levels before the end of 2021 and bring much-needed relief to the airline industry if border restrictions and health protocols are eased and vaccine distribution is ramped up...

Sheikh Mansoor Bin Mohammed Bin Rashid Al Maktoum, Chairman of the Dubai Sports Council, on Sunday unveiled the Majesty 175, the world’s largest composite production superyacht, at its world premiere at Dubai Harbour. Pushing the boundaries in superyacht production through its lightweight...