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UAE leads region in ‘project completion’

Dubai / Emirates Business MEED has announced this year’s finalists of the only recognition scheme honouring completed projects in the Gulf region. A total of 94 projects from Bahrain, Kuwait, Oman, Saudi Arabia and the United Arab Emirates are competing for honours in 16 different categories of the annual MEED Projects Awards, in association with Mashreq. The UAE led the ...

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Emirates to close $600mn sukuk

Dubai / Emirates Business Emirates had announced a successful execution of a $600 million sukuk (Islamic finance issuance). The issuance received a good response from both local and international investors. The issuance of the Trust Certificates, in the principal amount of $600 million will be repaid in an amortizing format over 10 years with legal maturity in March 2028. The ...

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DLD hosts workshop on rental draft law

Dubai / Emirates Business Dubai Land Department (DLD) has hosted a workshop with representatives from commercial shopping malls and retail outlets to discuss the new rental law project. The three-day workshop was attended by His Excellency Sultan Butti bin Mejren, Director General of DLD; His Excellency Judge Abdulqader Mousa, Director of the Rental Disputes Center (RDC), the judicial arm of ...

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