Thursday 28 August 2014
 
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Dubai Holding unit to repay $319m debt early

Dubai Holding Commercial Operations Group (DHCOG), part of a conglomerate owned by the emirate's ruler, will repay $319.3 million on May 13, more than 18 months before the debt is due, it said in a statement on Wednesday. The

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Saudi dynasty moves to forestall succession crisis

Saudi Arabia's appointment of Prince Muqrin as deputy crown prince is a first step towards addressing its biggest dynastic challenge for 50 years and forestalling a possible succession crisis in the world's top oil exporter.

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Dubai Holding's DHCOG profit jumps 178pc

Dubai ruler's flagship company Dubai Holding said on Sunday its unit Dubai Holding Commercial Operations Group (DHCOG) has almost tripled its 2013 net profit to 3.3 billion dirhams thanks to a surge in core operational revenues.

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Kuwait's emir pardons people jailed for insulting him

Kuwait's ruler said on Tuesday he was pardoning all the people convicted of insulting him, after a year-long crackdown on politically sensitive comments about Gulf Arab state's leadership. Dozens of Kuwaitis have been char

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Kuwait will be tough on security threats: Emir

  Kuwait's ruler said on Tuesday there would be no leniency towards threats to "the security of the homeland", two days after police broke up an unauthorised protest against new voting rules.  

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DIFCI hires Moelis for $1.25bn bond

DIFC Investments (DIFCI), the investment arm of the firm that runs Dubai's financial free zone, has hired US investment bank Moelis & Co to advise on options for a $1.25 billion Islamic bond maturing in June, three sources familiar with th

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UAE President grants more land to citizens

UAE’s President Sheikh Khalifa bin Zayed Al-Nahayan has granted more than 1,200 residential plots to Emiratis in the west of the country, the state news agency WAM said. The United Arab Emirates has been spared the protests that have affec

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Abu Dhabi ruler grants more land to citizens

Abu Dhabi's ruler Sheikh Khalifa bin Zayed Al-Nahayan granted more than 1,200 residential plots to Emiratis in the west of the country, the state news agency WAM said. The United Arab Emirates has been spared the protests that have aff

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Kuwait's ruler undergoes health tests

Kuwait's ruler, Sheikh Sabah Al Ahmed Al Sabah, has undergone successful routine health tests in Britain and will stay in the country for several days, state news agency Kuna said on Monday. He left hospital on Monday and and "is now to sp

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Ruler of Ras Al Khaimah dies

The ruler of Ras Al Khaimah, the fourth-largest emirate of the United Arab Emirates, died on Wednesday, the state's news agency said. Sheikh Saqr Al Qasimi, believed to be in his late 90s, had ruled the northern emirate of Ras Al Khaim

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