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Currency News

Stake sale helps lift UAE's Aldar Properties first-quarter profit

15 May 2018 04:11Nasdaq
The property market in United Arab Emirates remains under pressure as a slowing economy in the last two years has depressed values and rentals, but Aldar said it was optimistic about sales of properties under development. more

UPDATE 1-Stake sale helps lift UAE's Aldar Properties first-quarter profit

15 May 2018 04:00Reuters
The property market in United Arab Emirates remains under pressure as a slowing economy in the last two years has depressed values and rentals, but Aldar said it was optimistic about sales of properties under development. more

Commentary: India's most vital hub city isn't in India

22 Mar 2018 16:56Channel NewsAsia
Roughly one in three international passengers in India are either heading to or arriving from the United Arab Emirates (UAE). Many Indian passengers use Dubai, Abu Dhabi or, increasingly, Sharjah as hub airports, connecting in the UAE to flights bound ... more

Abu Dhabi Investment Council to be merged into Mubadala Investment Co.

21 Mar 2018 13:00Pensions & Investments
Abu Dhabi Investment Council is to be restructured and merged into the Mubadala Investment Co. The investment arm of the Abu Dhabi government, which has $123 billion in assets according to the Sovereign Wealth Fund Institute, will be restructured by a ... more

UAE aluminium major EGA sees 2017 profits surge

27 Feb 2018 03:56ArabianBusiness.com
Emirates Global Aluminium, which may sell shares to the public for the first time this year, said 2017 profit surged as it took advantage of higher prices and boosted output to a record. more

MIDEAST STOCKS-Global environment positive, Gulf earnings mostly lacklustre

14 Feb 2018 23:37Kitco News
Corporate earnings, however, are largely mediocre. Dubai's Union Properties reported an annual net loss of 2.38 billion dirhams ($649 million) compared to a year-earlier profit of 211.4 million dirhams; the figures imply a fourth-quarter loss of ... more

Modi's UAE visit: In a first, India buys 10% stake in Abu Dhabi oil fields

11 Feb 2018 21:45Business Standard
The UAE is one of the largest suppliers of crude oil to India and is also the 10th largest investor. The MoU is an important milestone in India's search for energy security, at a time when oil prices have started hardening again mainly due to output ... more

India's Modi in UAE to Boost Ties with Gulf Arab States

11 Feb 2018 07:18Voice of America
Many hold construction jobs, building the UAE's dazzling skyscrapers and shopping centers. The UAE is also home to wealthy Indian investors, some of whom run the country's largest hospitals, schools and supermarkets. more
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