Articles
Boardroom upheaval at Union Properties
The company’s shares were suspended on Thursday following a complaint to the Securities and Commodities Authority by Khalid bin Kalban and the two other directors, stating a denial that they had resigned.
Dubai’s new surveying law will provide more consistent data, says trade body boss
The government said last week that a new law, Law No (6) of 2017, would cover activities such as land surveys, hydrographic surveys and seismic surveys carried out across the city.
Al Qudra to buy Al Rayan Investment in Dh1bn all-share deal
The transaction will be completed through a share swap for Al Qudra shares, with the company issuing 210.4 million new shares, expanding its existing share base from 600 million shares to 810.4 million.
SNC Lavalin raises money for Atkins buyout
The company said that the amount raised would sit in an escrow account until July 31, by which time it expects to close the deal, subject to regulatory and court approvals.
Emicool’s IPO likely to take place this year, says Union Properties chairman
A pre-IPO could be arranged before the shares are offered to investors, the company's chairman said.
Orascom returns to profit but equity weakens due to currency shifts
Revenues grew by almost 4 per cent during the year, and its chief executive, Osama Bishai, said that its Middle East and North Africa division 'built on its robust performance' achieved in the previous year.
Off hours: Juniper Networks regional manager always on the move
When Hatem Hariri, general manager of Juniper Networks, gets home from work, he dedicates two hours to his family with no phones or laptops allowed.
On the market: Dh59 million villa with Palm Jumeirah’s largest private pool
Want to live a private life but still be in the heart of the action? If you do, and you have Dh59 million to spare, there’s a villa on the market at Palm Jumeirah that would be ideal.
TAV and Al Rajhi land two Saudi airport deals
Joint venture partners pick up their third and fourth airport deals from the General Authority of Civil Aviation.
Dubai Week in China heads to Shenzhen
Shenzhen becomes the third Chinese city for Dubai Week, following Shanghai last year and Beijing in 2015.
Alitalia turnaround plan at risk after unions reject deal
The next step for the airline, which employs 12,500 staff, could be the appointment of a special administrator to the company by the Italian government.
Dubai developer Azizi presses on with off-plan property launches
The company’s chief executive, Farhad Azizi, told The National that he expects between Dh8 billion and Dh10bn worth of new projects to get under way this year.
CNBC to host Middle East market reports from Abu Dhabi
The business and financial news network said that the section will report into CNBC shows such as Squawk Box directly from the International Financial Centre within the Abu Dhabi Global Market.
Parsons chief remains upbeat on region despite payment issues
Chuck Harrington cites a stabilisation of the oil price, greater Gulf sovereign debt issuance, projects linked to Dubai Expo 2020, Qatar’s 2022 Fifa World Cup and Kuwait’s modernisation attempts as factors for optimism in the region.
Atkins board agrees to £2.1bn takeover approach from Canada’s SNC Lavalin
Canadian-headquartered company says the combined business will have revenues of about C$12.1 billion and 53,000 global staff.
