A minority of creditors are resisting attempts by Dubai government-owned property developer Limitless to seal a restructuring on around Dh1.9 billion ($517 million) in bank debt, three banking sources said.
Britain and India welcomed more than £9 billion ($13.7 billion) in commercial deals during a visit by Indian Prime Minister Narendra Modi, but his arrival was overshadowed by protests over a perceived rise in intolerance back home.
The Dubai Airshow ended in a fog of speculation on Thursday when UAE organisers abandoned plans to announce a multi-billion-dollar deal that could have reversed a slump in orders at the Middle East's largest aviation event.
DC Aviation Al-Futtaim (DCAF), a fully integrated business aviation facility at Dubai World Central (DWC), has signed Ground Handling Agreements (GHA) with some of the leading operators and flight support companies in the industry.
Bahraini real estate developer Naseej has announced the signing of an agreement with Ithmaar Development Company (IDC) kickstarting a project valued at BD24 million ($63.1 million). Naseej is acquiring a 13,068-sq-m plot of land in Dilmunia at
Honeywell Aerospace has signed a strategic deal with Denel Aviation, a division of Denel (SOC), the South African aircraft original equipment manufacturer (OEM), maintenance, repair and overhaul facility.
Qatar has signed deals worth QR102 million ($27.9 million) with local firms at the recently concluded Civil Defence Exhibition and Conference in Doha, according to a report.
The General Directorate of Civil Def
Tentative deals worth more than $80 million were made during business-to-business (B2B) meetings at the World Export Development Forum (WEDF) in Doha, Qatar.
It was organised by the International Trade Centre (