DUBAI / WAM Dubai Parks and Resorts is seeking to raise a total of AED2.67bn in additional financing, of which Dh1.68bn is being raised through the Rights Issue with the remaining AED 993 million through debt financing secured from Abu Dhabi Commercial Bank, Dubai Islamic Bank and Sharjah Islamic Bank. In a statement, Dubai Parks and Resorts confirmed that ...

  DUBAI / WAM The United Arab Emirates remains one of the world’s top trading economies, ranking 20th globally and first in the Middle East and Africa in commodity exports. It also placed 19th internationally in commodity imports and led the MENA region in overall commodity trade, with regional exports totalling USD 265 billion to account for 1.6 percent of ...

  Dubai / Emirates Business Etihad Airways Partners’ (EAP) US$700 million landmark finance transaction in 2015 has been recognised with a third key international award after being named Innovative Deal of the Year by the prestigious publication, Airfinance Journal. The five-year bond agreement involved Etihad Airways, its subsidiary Etihad Airport Services and five of the carrier’s strategic equity airline partners ...

  ABU DHABI / WAM Abu Dhabi’s tourism industry will be displaying one of its largest ever product portfolio’s at Arabian Travel Market (ATM) – the region’s biggest travel and tourism fair – which is taking place for four days from April 25-28 at the Dubai World Trade Centre. The emirate’s leading hotels, destination management companies, tour operators and attractions ...

  Dubai / Emirates Business The Ministry of Climate Change and Environment opened an environmental library to the public at its headquarters in Dubai in response to the Year of Reading 2016 initiative launched by H.H. Sheikh Khalifa bin Zayed Al Nahyan, UAE President, and in support of the upcoming World Book Day celebration on April 23. The move is ...

  ABU DHABI / Emirates Business Following the success of “Your Waste, Your Responsibility” campaign in Abu Dhabi, which focuses on raising awareness among employees, government institutions and schools, the campaign was organized in the Western Region. Tadweer (the Center of Waste Management – Abu Dhabi) in collaboration with the Western Region Municipality conducted awareness sessions under the title “Western ...

  Sharjah / Emirates Business Students in Sharjah buttoned up their lab coats and fired up their Bunsen burners for a carnival of science organized by Sharjah Science Museum. The Sharjah Science Carnival is taking place from April 17-21 at various locations in Sharjah, including schools, the Sharjah Science Museum, and the Maktaba at Al Qasba. Students are conducting a ...

  Bloomberg U.K. Justice Secretary Michael Gove attacked Prime Minister David Cameron’s case for Britain staying in the European Union, demonstrating the depth of divisions in the governing Conservative Party. Gove, one of Cameron’s closest political allies before the two decided to back different sides in the June 23 referendum, is set to use a speech in London to belittle ...

  Bloomberg The Riksbank may finally get what it wants after the country’s key economic players backed calls for Sweden’s central bank to be granted more time to reach its inflation target when aggressive interest cuts risk causing havoc to the economy. In response to a review of the Riksbank commissioned by parliament, most institutions also called for the bank ...

  Bloomberg Stock exchange operator Euronext NV is evaluating how to create roadblocks to a merger between its London- and Frankfurt-based competitors because of concern the deal would marginalize its own role in European trading, according to people familiar with the matter. Euronext is working with advisers, including consultants and lawyers, as it prepares to argue to regulators in Brussels ...