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Dubai GDP

Dubai says $500mn bond repayment reflects fiscal stability
Markets

Dubai says $500mn bond repayment reflects fiscal stability

  • The Government of Dubai's ability to fulfil its financial obligations reflects its deep fiscal stability amidst the circumstances imposed by the current global crisis.
  • The $500 million notes, which were issued in 2011, have been redeemed in full, said the government.
Published 22 Jun, 2021 07:20pm
Dubai leads major Gulf markets higher
Markets

Dubai leads major Gulf markets higher

  • Morgan Stanley upgrades Emaar Development to 'overweight'.
  • UAE awards ADSB $950 mln naval patrol vessel contract.
  • 24 of thirty stocks rise in Egypt's blue-chip index.
Published 18 May, 2021 08:50pm
Dubai logistics firm Tristar drops IPO plans
Markets

Dubai logistics firm Tristar drops IPO plans

  • The move is a setback for Dubai's bourse, the Dubai Financial Market, which has not seen a big ticket listing since 2017.
  • Tristar began its public share sale on April 4, setting a price range that implied a market capitalisation of 2.64-3.24 billion dirhams ($719-$882 million).
Published 14 Apr, 2021 04:33pm
Dubai aims to boost contribution of creative arts to GDP
World

Dubai aims to boost contribution of creative arts to GDP

  • Dubai, part of the Unites Arab Emirates, is a regional business and tourism hub. It has the hydrocarbon-rich region's most diversified economy and was one of the hardest hit by the coronavirus pandemic.
  • The plan includes changes to the legislative and investment environment and steps to attract innovators, investors and entrepreneurs.
Updated 03 Apr, 2021 08:29pm