Bloomberg Nakheel PJSC, the developer of Dubai’s palm-shaped islands, repaid an Islamic bond, bringing an end to a debt restructuring saga that pushed the emirate to the brink of default in 2009. The Dubai government-owned company transferred funds to agent Deutsche Bank AG yesterday to cover a 4.4 billion-dirham ($1.2 billion) sukuk maturing this month, Chairman Ali Rashid Lootah ...

  Abu Dhabi / WAM Senaat, a leading industrial investment holding company in the UAE, has announced a 6 percent increase in net profit and 2 percent increase in EBITDA for the first half of this year despite a challenging business environment, compared to the second half of 2015. After a challenging 2015, the group’s EBITDA remained steady at AED946 million ...

  Dubai / WAM Smartworld and The Kernel have announced the launch of UAE’s first-of-its-kind ‘Cyber Security Centre’, which will train UAE nationals in cyber security and provide round-the-clock advanced security monitoring along with cyber threat management to companies across the government and private sector in the UAE. A strategic partnership for setting up the centre was signed between the two ...