DPA Just before the explosion, a warning signal sounds; a few seconds later Bernd Sauter presses the button marked “fire” and thousands of tons of rock come crashing down. Sauter works at a quarry belonging to a construction materials company, HeidelbergCement, and several times a month he gets to explode cliffs of limestone to be made into cement. “It’s …

  Dubai / WAM The CEO Advisory Council of the UAE Banks Federation, the professional body representing 49 banks in the UAE, has welcomed the bankruptcy law, and recognised the mutual benefit it will bring to banks and owners of businesses, especially the Small and Medium Enterprises (SMEs). This came up during the council’s third meeting of the year held …

  DUBAI / WAM Dubai has become the world’s largest Sukuk listing centre by value, after Emaar Properties has listed a US$750 million Sukuk on Nasdaq Dubai, raising the total value of Sukuk listed in the emirate to US$45.55 billion. A US$500 million Sukuk issued by Emaar Properties in July 2012 is also listed on the exchange. So far this …