DUBAI / Reuters Dubai Aerospace Enterprise (DAE), a government-controlled company, is raising a $400 million loan arranged by Ahli Bank of Kuwait, sources familiar with the matter said. DAE has become one of the world’s largest aircraft lessors after acquiring Dublin-based AWAS last year. The acquisition tripled the Dubai aircraft leasing and maintenance company’s portfolio to about 400 aircraft worth ...

DUBAI / Reuters DP World has not received an offer from Djibouti to buy its stake in the Doraleh Container Terminal, a spokesman for the port operator said on Wednesday after a Djiboutian official said the stake could be bought. The DP World spokesman also said the Dubai-owned company would consider it illegal if any company entered into any agreement ...

Dubai / WAM The UAE Government has launched a global emerging technologies start-up competition, ‘GovHack Series’, in eight major cities around the world. The competition is part of the GovTech Prize, a UAE government initiative that has been running for its sixth year. The GovTech Prize works throughout the year to search for the best tech government solutions developed by ...