DUBAI / Emirates Business The Department of Economic Development (DED) presented a certificate of appreciation to ‘Sugar Factory,’ the newly opened celebrity favourite American Brasserie in Dubai in honour of the unique concept being brought to the city under franchise by Tablez Food Company, the F&B division of leading retailer Lulu International Group. The certificate was handed over during a …

  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 …