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Dubai wealth fund said to seek $1bn loan

Dubai wealth fund said to seek $1bn loan

Investment Corporation of Dubai is seeking to raise a $1 billion loan to refinance existing debt, according to two people with knowledge of the plan.

The emirate’s main state-owned holding company is talking to banks to raise a five-year loan to partly repay a $2.55 billion facility that matures in June, said the people, asking not to be i

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UAE's Kanoo Group eyes high-end hospitality sector with JV deal

UAE's Kanoo Group eyes high-end hospitality sector with JV deal

UAE-based conglomerate Kanoo Group has announced it is partnering with French services provider, Armonia Group, to create a new event management and luxury hospitality staffing company.

Called Armonia Middle East and based in Dubai, the joint venture is looking at a growing market for high-end experiences at sporting events in the Gulf, as well as

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Dubai retail giant eyes major Carrefour expansion in Egypt

Dubai retail giant eyes major Carrefour expansion in Egypt

Dubai retail giant Majid Al Futtaim on Monday said it has signed a cooperation protocol agreement to open an additional 100 Carrefour stores in industrial zones across various governorates in Egypt.

The deal was signed with the Ministry of Investment and International Cooperation and the National Service Projects Organization, the company said in

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NEO surges on eToro listing news

NEO surges on eToro listing news

The price of cryptocurrency NEO has surged on Monday with the news that it is to be added to the eToro trading platform.

The UK-based platform offers trading in stocks, commodities, ETFs, currencies and eight cryptocurrencies and looks set to add NEO to its portfolio sometime today.

The speculation, which has been dominating the posts on the

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Bad weather hampers search for missing Iranian plane

Bad weather hampers search for missing Iranian plane

Iranian rescue teams battled severe weather Monday as they searched for the wreckage of a passenger plane that disappeared high in the Zagros mountains the previous day with 66 people on board.

Several helicopters that had deployed at dawn to hunt for Aseman Airlines flight EP3704 were forced to return to base, officials said.

"Unfortunately due

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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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Office No: 302 Wasel Business Centre
Near port Saeeed Etisalat Office Deira, Dubai.

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