Dubai / Emirates Business Total value of 543 active hospitality projects in the UAE reached $71.6 billion (AED262.77 billion) at the beginning of September 2017, according to BNC Network, the largest and most comprehensive project research and intelligence provider in the Middle East and North Africa (MENA) region. The hospitality sector constitutes 6 percent of all active projects in the ...

Dubai / Reuters Abu Dhabi Financial Group (ADFG), a privately owned investment company with over $5 billion of assets under management, is considering issuing $100 million in debt through a privately placed bond, sources familiar with the matter said. The private placement, with a three-year tenor according to the sources, would come at a relatively calm time in the Gulf’s ...

Dubai / WAM DMCC, the Government authority on trade, enterprise and commodities in Dubai, signed a Memorandum of Understanding with the Xi’an International Trade and Logistic Park at the Xian Dubai Free Trade Zone Economic Cooperation Conference, 2017, in China. The MoU aims to open doors for businesses in UAE and China looking to expand into new markets as well ...