Dubai Holding secures $1.16 billion syndicated loan
Banking sources in Dubai have announced that Dubai Holding, owned by the Ruler of Dubai, has signed a $1.16 billion, three-year syndicated bullet term loan. The syndicate comprises a total of nine banks Merrill Lynch, Noor Islamic Bank, Standard Chartered Bank, Bank of Tokyo-Mitsubishi UFJ, Calyon, Emirates NBD and Union National Bank. Dubai Holding is [...]
Dubai spreads the feel good factor on the European Tour
The $10 million Dubai World Championship, the richest golf tournament in the world and the Race to Dubai, which culminates into a $10 million bonus pool, are the rich pickings of Leisurecorp's sponsorship agreement with Golf’s European Tour. But the players are thanking the Dubai-based Leisurecorp for something that cost them one-twentieth of the total [...]
Ras Al Khaimah residents on training schemes
New projects aimed at training UAE residents living in isolated areas into managers in industry are expected to accelerate the nation’s development. The schemes are designed to give new opportunities to those living in the sparsely populated western and northern emirates, offering them critical work experience and training in key industries. “We need institutions that [...]
Ras Al Khaimah International Airport expansion has VideoSphere technology
A leading provider of intelligent IP video and business analysis applications announced today that Ras Al Khaimah (RAK) International Airport has invested in the VideoSphere intelligent video management solution to enhance passenger and asset security in its main terminal and adjacent facilities. Ras Al Khaimah International Airport serves 27 airlines and is in the midst [...]
Ras Al Khaimah’s CTC awarded $272.3m Pacific contract
Select Group has confirmed that they have awarded a contract to the Ras Al Khaimah based Construction Technology Contracting (CTC) for the Pacific development on Al Marjan Island in Ras Al Khaimah. The Pacific project is scheduled for completion in 2011. Pacific, valued at a total of $272.3 million, is a joint development of Select [...]