Dubai / WAM Dubai Investments has announced that its private equity subsidiary Masharie LLC divested its 50% stake in Dubai International Driving Centre (Drive Dubai), for AED 35 million. The stake sale generated an internal rate of return (IRR) of 21 percent. Masharie was one of the founding partners of Drive Dubai in December 2012. Drive Dubai operates an 850,000 ...

Dubai / Emirates Business Travel is expected to peak this weekend for Emirates, as the airline expects yet another busy period with visitors passing through Terminal 3 ahead of the spring break holiday. The busiest time for departures will be on March 23 in the morning and continuing all day on March 24-25. With road works and infrastructure enhancements happening ...

Sharjah / Emirates Business Axis Bank, India’s third largest private sector bank, on Sunday opened a representative office in Sharjah. Vipul, Consul General of India in Dubai, inaugurated the representative office. The representative office in Sharjah is the third such Axis Bank office in the UAE after Dubai and Abu Dhabi. The new representative office will engage primarily in promoting ...